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Survey: Activity in Texas service industry accelerates but finding workers a struggle

Survey: Activity in Texas service industry accelerates but finding workers a struggle
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Visitors crowd the River Walk in San Antonio on March 18, 2021.Eric Gay /Associated Press
Activity in Texas’ struggling service industry accelerated in March at its fastest pace since mid-2019 as visitors returned to hotels and restaurants and businesses recovered from February’s winter storm, a survey by the Federal Reserve Bank of Dallas indicates.
The revenue index a key measure of the sector’s health jumped from 2.6 in February to 21.6 last month, signaling an uptick in revenues.
“We are seeing travel picking up,” one respondent wrote, citing spring break and the NCAA women’s basketball tournament. “We are hoping for group business in hotels to continue to increase.” ....

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'It's been nerve-wracking': Jobs fair sheds light on plight of San Antonio's unemployed hotel workers

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It s been nerve-wracking : Jobs fair sheds light on plight of San Antonio s unemployed hotel workers
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Gladys Sauffront, left, interviews for a housekeeping job with Ricardo Martinez, during a job fair at the Estancia del Norte hotel, Tuesday, March 9, 2021. The hotel is located at the corner of McCullough Avenue and Loop 410. The property is the former Doubletree Hotel. The hotel was looking to hire 100 employees.Jerry Lara / San Antonio Express-NewsShow MoreShow Less
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Adela Suarez, 69, left, interviews for a housekeeping job with Ricardo Martinez, during a job fair at the Estancia del Norte hotel, Tuesday, March 9, 2021. The hotel is located at the corner of McCullough Avenue and Loop 410 and is the former Doubletree Hotel. The hotel was looking to hire 100 employees.Jerry Lara / San Antonio Express-NewsShow MoreShow Less ....

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US GDP growth to suffer if global economic rebound falters: Dallas Fed

Dania Maxwell / Los Angeles Times/Getty Images
Weaker-than-expected global economic growth could hinder the US recovery, Fed researchers said.
The CBO expects US GDP to grow 4.6% in 2021, but the chances of that fade on slower global growth.
The Fed simulated 2021 growth 1 million times and found weak global growth almost guarantees US underperformance.
The US economic recovery hinges a great deal on how the rest of the world rebounds, according to researchers at the
Federal Reserve
Bank of Dallas.
For the moment, the US is expected to fully recover from its virus-induced downturn by the end of the year. The nonpartisan Congressional Budget Office projects gross domestic product will expand by 4.6% in 2021, offsetting the 3.4% contraction seen in 2020. ....

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Marijuana, gambling enter debate on post-coronavirus economic recovery in San Antonio mayor's race

Marijuana, gambling enter debate on post-coronavirus economic recovery in San Antonio mayor s race
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Then-Councilman Greg Brockhouse, right, answers a question during a mayoral debate with San Antonio Mayor Ron Nirenberg, center, at the Wyndham Riverwalk on April 3, 2019. At left is David Dunham, vice president of development for Texas Monthly. He was moderating the debate.Jerry Lara /Staff photographer
In the race for mayor, incumbent Ron Nirenberg and challenger Greg Brockhouse have starkly different visions for how to resolve what is sure to be a central issue of the campaign: how to rebuild the city’s economy and get residents back to work. ....

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San Antonio co-working spaces taking a hit, but still ticking

San Antonio coworking spaces taking a hit, but still ticking
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Peter LeBlanc, a partner in LS4 3D Printing works Thursday, Dec. 17, 2020 in his facility at Geekdom in downtown San Antonio.William Luther, Staff / William LutherShow MoreShow Less
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John Wondrak, a sales representative with Braustin Homes, works at the company’s Geekdom offices recently.William Luther / Staff photographerShow MoreShow Less
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Geekdom CEO Charles Woodin says employers want their work-from-home employees to have options.William Luther /William LutherShow MoreShow Less
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Geekdom CEO Charles Woodin poses Thursday, Dec. 17, 2020 for a portrait at the company s downtown San Antonio offices.William Luther /William LutherShow MoreShow Less ....

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