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Charlie L. Harper III

Jon Hockenyos projects that unemployment numbers will drop again by the end of September. (Charlie L. Harper III)

Jon Hockenyos, the economic advisor who earlier this week told the Austin City Council that job losses in the Austin metro area could total over 261,000, says that most of the people losing those jobs will probably be reemployed by the end of September.


He expects the height of unemployment to be the month of May, with jobs beginning to pick up again in June. If 261,000 positions were lost, it would represent 25.4% of jobs in Austin before the coronavirus pandemic. Actual unemployment would be slightly higher than 25.4% because over 2% of the Austin job force was already unemployed before any coronavirus-related job losses took place.

Hockenyos does not expect employment by September 30 to fully match pre-crisis levels.

"I think we are going to see a little bit of permanent job loss," he says, without giving a specific forecast. "You will see some companies closing."

In the April 7 presentation, Hockenyos, who is the president of the economic development consultancy TXP, grouped occupations into categories and estimated a percentage of potential job loss for each.

He expects to see the greatest losses in occupations related to food preparation and service; cleaning and maintenance of buildings and grounds; and sales, with projected losses of 81%, 61% and 56%, respectively.

On the other end of the spectrum, he forecasts that computer and mathematical occupations; education, training and library occupations; and farming, fishing and forestry occupations will see no net job losses.

In his calculations, Hockenyos looked at factors such as whether occupations were essential to public health or safety, whether they involved work that could be done off-site, and whether they were salaried.

He also considered how close workers needed to be to others as they did their job.

Hockenyos points out that there are many unknowns. He says he finds it realistic to base estimates on a gradual return to jobs beginning in June, but many factors will ultimately affect the availability of jobs.

"If there is a second wave, things will change," he says. "If there is a cure, things will change. This is a process. You have to keep checking in."

Popular

Tito's releases (not so?) ugly sweater line for the holidays, profits to charity

Tito's Handmade Vodka

Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.

There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.

All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.

Click here to see the entire collection in the Tito's store.

Mac and Cheese Fest and Free Art Exhibit
Waterloo Greenway, Good Vibrations Installation


🗓 All weekend

🎨 Creek Show Art Exhibit

Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities

All weekend 6 p.m - 10 p.m | 📍Waterloo Park

✨ Mozart's Light Show

This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.

6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703

🗓 Saturday

🥊 Kickboxing in the Park

This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.

10 a.m - 11 a.m | 📍 Metz Park

🛍 The Front Market

Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.

11 a.m - 5 p.m | 📍Ani's Day and Night - 7107 E Riverside Drive, Austin, TX 78741

🗓 Sunday

🧀 Mac and Cheese Fest

Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.

11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway