Central Austin Edition | April 2020

If you’ve been laid o:

Unexpected unemployment The Texas Workforce Commission processed about 1.2 million unemployment insurance claims in one month statewide , eclipsing the 700,000 claims it processed in all of 2019. Locally, the restaurant industry will be the hardest hit. Unemployment claims in Texas by week

• Find information on the Texas Workforce Commission website on ling for unemployment benets: www.twc.texas.gov

• Callers to the TWC with a 512 area code are asked to call Mondays, Wednesday and Fridays from 1-5 p.m.

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000

• Claims are backdated, meaning benets are paid beginning the Sunday before the employee was laid o or March 8 , whichever was later.

• After approval for unemployment insurance, make sure to log back in to request payment.

• Workforce Solutions of the Capital Area can help you navigate the TWC system and access other benets from community organizations.

WEEK ENDING CLAIMS

If your business needs help:

Austin metro job loss projections by industry (March-June 2020)

• Reach out to the SBA’s resource partners in your community, including SCORE Austin and the Texas State Small Business Development Center. • Establish a strong relationship with a community lender. Financial advisors from business advising company VCFO said smaller banks were generally better poised to make PPP loans than larger, multinational banks. • Other SBA disaster loans programs are still available as of April 19, including the Economic Injury Disaster loan program.

Jobs kept

Jobs lost

Food preparation and serving- related occupations

81.2%

18.8%

Building and grounds cleaning and maintenance occupations

61.1%

38.9%

SOURCES: SMALL BUSINESS ADMINISTRATION, TEXAS WORKFORCE COMMISSION, VCFO, WORKFORCE SOLUTIONS OF THE CAPITAL AREA COMMUNITY IMPACT NEWSPAPER

Sales and related occupations

56.4%

43.6%

will have to be done cautiously and in stages given the risk of a resurgence in cases. “Not all businesses can open at once on May 1,” he said. “A more strategic approach is required to ensure that we don’t reopen just to have to shut down once again,” Abbott said. At an Austin City Council work session April 7, projections from economic strategy rm TXP Inc. showed the drastic short-term eects of the lock- down that could still be ahead before the potential economic resurgence.

The projections showed more than 260,000 potential job losses in the Austin metro through June—a 25.4% unemployment rate. However, Jon Hockenyos, president of TXP Inc., said his rm projects a return to pre-coronavirus employment levels by the end of the year. Laura Human, who took over as the president and CEO of the Austin Chamber of Commerce in April, said after Abbott’s announcement the eco- nomic recovery may happen in ts and starts—both locally and statewide.

“I think it’s important to acknowledge that you may move forward, nd that you’ve moved a little bit too fast, and have to take a half a step back- wards,” she said. Additional reporting by Christopher Neely

For more information, visit communityimpact.com .

Get it Delivered Or pick up in-store WHEN You ORDER Online or on OUR Mobile app

twinliquors.com

You must be 21+ to shop and order online, receive delivery, or pick up in store. All deliveries require in-person verification of a legal photo ID at point of delivery. Orders will NOT be left unattended. Limited delivery area and pick up only available at select locations. All in-store promotions and pricing do not apply to online order. Exclusions apply. Please drink responsibly.

21

CENTRAL AUSTIN EDITION • APRIL 2020

communityimpact.com

Powered by