OAKTrust :: Browsing by Author "Sinha, Somali Ghosh"

Browsing by Author "Sinha, Somali Ghosh"

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Economic Indicators of the College Station - Bryan MSA, December 2024
(Private Enterprise Research Center, Texas A&M University, 2024-12-12) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.4% from September 2024 to October 2024. The local unemployment rate remained steady at 3.2% in October 2024 compared to September 2024. Local nonfarm employment increased by 0.2% from September 2024 to October 2024. Inflation-adjusted taxable sales increased by 3.1% from September 2024 to October 2024. Among comparable college towns, the percentage of 20-24 aged residents was highest in the College Station-Bryan MSA at 17%. The College Station-Bryan MSA had the highest percentage of population growth at 1.3% among the selected college towns.
Economic Indicators of the College Station - Bryan MSA, November 2024
(Private Enterprise Research Center, Texas A&M University, 2024-11-21) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.2% from August 2024 to September 2024. The local unemployment rate remained steady at 3.2% in September 2024 compared to August 2024. Local nonfarm employment decreased by 0.1% from August 2024 to September 2024. Inflation-adjusted taxable sales decreased by 2% from August 2024 to September 2024. Cumulative inflation-adjusted Texas state tax revenues for fiscal year 2024 surpassed fiscal year 2019 by 12.6%. Tax revenues were actually 3.4% lower in fiscal year 2024 compared with fiscal year 2023.
Economic Indicators of the College Station-Bryan MSA, April 2022
(Private Enterprise Research Center, Texas A&M University, 2022-04-25) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle increased 0.3% from January 2022 to February 2022. The local unemployment rate for February remained the same as in January at 3.7%. Local nonfarm employment in February decreased slightly from January by 0.08%, and was 1.39% higher than its pre- pandemic high in February 2020. Local real taxable sales decreased 0.5% from January to February 2022, but this measure was 4.72% higher than the same month in 2020. Local employment in Leisure and Hospitality, previously estimated to be down by 20%, was substantially revised upwards, and is now estimated to be 97.7% of its pre-pandemic level.
Economic Indicators of the College Station-Bryan MSA, April 2023
(Private Enterprise Research Center, Texas A&M University, 2023-04-20) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index decreased 0.3% from January 2023 to February 2023. The local unemployment rate increased to 3.3% in February 2023 compared to 3.2% in January. February's local nonfarm employment decreased by 0.1% from January 2023. Inflation-adjusted taxable sales were up by 1% from January 2023 to February 2023. Local nonfarm employment in February 2023 was 8.5% higher than in the pre-pandemic month of February 2020, compared to the statewide growth of 6.5% over that same period.
Economic Indicators of the College Station-Bryan MSA, April 2024
(Private Enterprise Research Center, Texas A&M University, 2024-04-17) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.2% from January to February 2024. The local unemployment rate for February 2024 was 3.1%, unchanged from the previous month. Februaryâ€™s local nonfarm employment increased by 0.2% from January 2024. Inflation-adjusted taxable sales were down by almost 1% from January 2024 to February 2024. Inflation-adjusted quarterly wage payments were down by 1.6% in the third quarter of 2023 compared to the previous quarter. College Station - Bryan ranks ninthth-lowest in overall Regional Price Parity and in Regional Housing Price Parity among eleven selected college towns.
Economic Indicators of the College Station-Bryan MSA, August 2019
(Private Enterprise Research Center, Texas A&M University, 2019-08-19) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index rose almost 1% between May and June of 2019. The local economy is in good shape and has had positive growth for the last four months. The seasonally adjusted unemployment rate decreased to 2.7%, a new historical low for the College Station-Bryan metropolitan statistical area. Nonfarm employment dropped marginally by 0.1% from May to June. On a year-to-year basis, nonfarm employment has grown 1.5%. Real taxable sales increased by 2.1% in June and is up 3.5% from its level in June 2018. This month, the focus section compares employment and earnings in the healthcare sector and Medicare spending per enrollee in the local area to other MSAs in the state of Texas.
Economic Indicators of the College Station-Bryan MSA, August 2022
(Private Enterprise Research Center, Texas A&M University, 2022-08-18) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.5% from May 2022 to June 2022. The local unemployment rate remained unchanged at 3.2% in June 2022. Local nonfarm employment in June increased by 1% from May and was 2.95% higher than its pre- pandemic high in February 2020. Local seasonally adjusted real (inflation-adjusted) taxable sales decreased by 2.4% from May 2022 to June 2022 but were 1.8% higher than the same month in 2021. The Government sector, including Texas A&M University, accounted for 32% of local total wages and 34% of employment during the fourth quarter of 2021.
Economic Indicators of the College Station-Bryan MSA, August 2023
(Private Enterprise Research Center, Texas A&M University, 2023-08-17) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh; Rettenmaier, Andrew J.
The Business-Cycle Index increased from 226 in May 2023 to 228 in June 2023. The local unemployment rate decreased from 3.4% in May 2023 to 3.3% in June 2023. Local nonfarm employment increased by 0.3% from May to June. Juneâ€™s inflation-adjusted taxable sales were down by 1.2% from May. By using a modified poverty measure that adjusts for college students, the poverty rate in Brazos County drops from 25% to 18%.
Economic Indicators of the College Station-Bryan MSA, August 2024
(Private Enterprise Research Center, Texas A&M University, 2024-08-15) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.08% from May 2024 to June 2024. The local unemployment rate for June 2024 was 3.2%, up from 3.1% in May. Local nonfarm employment increased by 0.5% from May to June 2024. Inflation-adjusted taxable sales increased by 1.9% from May 2024 to June 2024. Average real (inflation-adjusted) hourly earnings in College Station-Bryan in June 2024 were 8.2% lower than in February 2020. Nationwide, average real hourly earnings were 0.6% higher over this same period.
Economic Indicators of the College Station-Bryan MSA, December 2022
(Private Enterprise Research Center, Texas A&M University, 2022-12-15) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.3% from September 2022 to October 2022. The local unemployment rate remained the same at 3.1% in October 2022, Octoberâ€™s local nonfarm employment increased by 0.4% from September. Local seasonally adjusted real (inflation-adjusted) taxable sales decreased by 0.7% from September to October 2022. Inflation-adjusted quarterly total earnings were released this month and increased by 1.7% from the first to second quarter of the year. Among comparable college towns, the percentage of the population 20-24 years of age was highest in College Station-Bryan at 17.4%.
Economic Indicators of the College Station-Bryan MSA, December 2023
(Private Enterprise Research Center, Texas A&M University, 2023-12-14) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased to 232 in October 2023 compared to 231 in September. The local unemployment rate remained unchanged at 3.3% in October compared to September. Local nonfarm employment increased by 0.10% from September to October. Octoberâ€™s inflation-adjusted taxable sales were up by 2.4% from September. Among comparable college towns, the percentage of 20-24 aged residents was highest in the College Station-Bryan MSA at 17.6%.
Economic Indicators of the College Station-Bryan MSA, January 2024
(Private Enterprise Research Center, Texas A&M University, 2024-01-18) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased by 0.5% from 227 in October to 228 in November 2023. The local unemployment rate decreased to 3.2% in November compared to 3.3% in October. Local nonfarm employment in November increased by 0.05% from October's level. November's inflation-adjusted taxable sales were down by 0.5% from October. For 2022, the new and revised inflation-adjusted Gross Domestic Product (GDP) for College Station-Bryan grew by 16.4% from 2017, where Texas grew 15.3%, and 11.2% for the U.S. over the same period.
Economic Indicators of the College Station-Bryan MSA, July 2022
(Private Enterprise Research Center, Texas A&M University, 2022-07-21) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.2% from April 2022 to May 2022. The local unemployment rate remained unchanged at 3.3% in May 2022. Local nonfarm employment in May decreased by 0.3% from April but was 1.87% higher than its pre-pandemic high in February 2020. Local real (inflation-adjusted) taxable sales increased by 0.3% from April 2022 to May 2022 and were 7.2% higher than the same month in 2021. Local housing prices have risen substantially since the beginning of 2021, similar to the statewide pace.
Economic Indicators of the College Station-Bryan MSA, July 2023
(Private Enterprise Research Center, Texas A&M University, 2023-07-20) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.5 index points, from 227.6 in April 2023 to 228.1 in May 2023. The local unemployment rate increased slightly, from 3.3% in April 2023 to 3.4% in May 2023. Local nonfarm employment increased by 0.3% from April to May. May’s inflation-adjusted taxable sales were down by 1.7% from April. The median sale price for single-family homes in Brazos County was down 2% from the previous three-month period.
Economic Indicators of the College Station-Bryan MSA, July 2024
(Private Enterprise Research Center, Texas A&M University, 2024-07-17) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.3% from April 2024 to May 2024. The local unemployment rate for May 2024 was unchanged from the April value of 3.1%. Local nonfarm employment increased by 0.2% from April to May 2024. Inflation-adjusted taxable sales decreased by 3.2% from April 2024 to May 2024. Inflation-adjusted quarterly wage payments increased by 2.8% in the fourth quarter of 2023 compared to the previous quarter. Texas A&M had the highest total enrollment and engineering enrollment among selected MSAs that house large universities.
Economic Indicators of the College Station-Bryan MSA, June 2022
(Private Enterprise Research Center, Texas A&M University, 2022-06-20) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index increased 1.1% from March 2022 to April 2022. The local unemployment rate decreased to 3.3% in April 2022 from 3.4% in March 2022. Local nonfarm employment in April increased by 0.5% from March and was 2.3% higher than its pre- pandemic high in February 2020. Local real taxable sales increased by 3.8% from March 2022 to April 2022 and were 6.4% higher than the same month in 2021. Real total quarterly wages in the fourth quarter of 2021 increased 8.9% from the previous quarter. State Government employment in College Station-Bryan has averaged around 26% of total employment in recent years.
Economic Indicators of the College Station-Bryan MSA, June 2023
(Private Enterprise Research Center, Texas A&M University, 2023-06-15) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.84% from March to April 2023, the highest monthly gain since August 2022. The local unemployment rate remained at 3.3% in April 2023, the same as the March value. Apri's local nonfarm employment increased by 1.4% from March. April's inflation-adjusted taxable sales were up by 0.2% from March. Inflation-adjusted quarterly wages were down by 2% from the previous quarter. Through May 2023, inflation-adjusted tax revenues for the state of Texas are up 3.7% compared to the same period in the previous fiscal year.
Economic Indicators of the College Station-Bryan MSA, June 2024
(Private Enterprise Research Center, Texas A&M University, 2024-06-21) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.3% from March 2024 to April 2024. The local unemployment rate for April 2024 was unchanged from March's value of 3.1%. Local nonfarm employment increased by 0.8% from March to April 2024. Inflation-adjusted taxable sales decreased by 3.6% from March 2024 to April 2024. Inflation-adjusted quarterly wage payments increased by 2.8% in the fourth quarter of 2023 compared to the previous quarter. Employment in the College Station-Bryan MSA was 12.6% higher by April 2024 than it was before the pandemic occurred.
Economic Indicators of the College Station-Bryan MSA, March 2023
(Private Enterprise Research Center, Texas A&M University, 2023-03-23) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle Index decreased 0.2% from December 2022 to January 2023. The local unemployment rate increased to 3.2% in January 2023 compared to 3.1% in December. In the March data release, Januaryâ€™s local nonfarm employment decreased by 0.2% from December 2022. Inflation-adjusted taxable sales were down by almost 1% from December 2022 to January 2023. Inflation-adjusted quarterly wages were up by 1.1% in the third quarter of 2022 from the previous quarter.
Economic Indicators of the College Station-Bryan MSA, May 2022
(Private Enterprise Research Center, Texas A&M University, 2022-05-31) Bullock, Ashley; Jansen, Dennis W.; Rettenmaier, Andrew J.; Sinha, Somali Ghosh
The Business-Cycle increased 1.2% from February 2022 to March 2022. The local unemployment rate decreased to 3.4% in March 2022 from 3.6% in February 2022. Local nonfarm employment in March increased by 0.3% from February and was 1.71% higher than its pre-pandemic high in February 2020. Local real taxable sales decreased 0.3% from February 2022 to March 2022, but were 0.6% higher than the same month in 2021. Fiscal year 2022 inflation adjusted Texas tax revenues through April are 20.8% higher than the same period in fiscal year 2021.