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Now showing 1 - 20 of 31

College Towns: Handle Data With Care
(Private Enterprise Research Center, Texas A&M University, 2019-11-18) Jansen, Dennis W.; Navarro, Carlos I.; Wang, Yuanhang
Although the term â€˜college townâ€™ may invoke idyllic images from our past, government statistics paint a different picture. College towns often appear as poverty â€“ ridden, with unaffordable housing and low incomes. However, by their very nature college students are young, often have very little income, and usually have an ability to spend far more than their official income. In this paper, authors Dennis W. Jansen, Carlos I. Navarro and Yuanhang Wang show how government statistics for college towns can be misleading with respect to income, poverty, and housing affordability, as well as ways in which college towns are not so different from other areas with respect to statistics on crime or unemployment rates.
County-to-County Migration Based on Tax Return Data
(Private Enterprise Research Center, Texas A&M University, 2021-09-17) Navarro, Carlos I.; Rettenmaier, Andrew J.
The Internal Revenue Service has released updated county-to-county migration data based on matched household tax returns filed through 2019. In this issue of Data Points, authors Carlos Navarro and Andrew Rettenmaier compare changes in the average real adjusted gross income per person for immigrants, emigrants, and non-movers from 1995-2018 and the relationship between countiesâ€™ average migrant and non-migrant incomes for the year 2018. Additionally, the authors examine the lowest and highest adjusted gross income, as well as immigration and emigration ratios, for counties with populations over 250,000 residents.
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 2019
(Private Enterprise Research Center, Texas A&M University, 2019-04-22) Bullock, Ashley; Jansen, Dennis W.; Navarro, Carlos I.; Rettenmaier, Andrew J.
The Business Cycle Index measured one point lower than the revised January 2019 value, a -4.7% annualized rate of decline. Nonfarm employment for January was revised downward by 0.1% from the value released last month, and the February value was 0.5% lower than the revised January number. The unemployment rate in February 2019 remained at 3.1%, the same rate as in January. Real taxable sales increased by 1.5% in February 2019, and are up 9.4% relative to February of 2018. The focus this month is on property and sales taxes. Average property taxes per person in College Station-Bryan are similar to the state average. Local property taxes and around the state have been growing faster, and state sales taxes slower, than the sum of inflation plus population growth.
Economic Indicators of the College Station-Bryan MSA, April 2020
(Private Enterprise Research Center, Texas A&M University, 2020-04-17) Bullock, Ashley; Jansen, Dennis W.; Navarro, Carlos I.; Rettenmaier, Andrew J.
Data on initial unemployment claims indicate that Texas lost almost 8% of its nonfarm employment in the last four weeks. Nationally, the 22 million in new unemployment claims in the last four weeks is equivalent to 14.5% of the countryâ€™s nonfarm employment. The price of oil has fallen in the past month by well over 50%, and approved drilling permits in Texas fell by 18.5% in the first quarter of 2020 compared to the first quarter of 2019. Highway traffic in Texas in March steadily decreased relative to the last week of February. Air travel out of Easterwood Airport was down 43% in March 2020 compared to March 2019. The unemployment rate remained at 2.7% in College Station-Bryan for the month of February, the latest available data point, but that was before the shelter-in-place orders went into effect. The local unemployment rate â€” as well as the state and the national unemployment rate â€” is expected to rise in March, and to rise precipitously in April. The Business Cycle-Index remained virtually unchanged from its revised January level, experiencing a very slight increase in the month of February. But again, this was measured prior to the March shelter-in-place orders and restrictions on business operations.
Economic Indicators of the College Station-Bryan MSA, April 2021
(Private Enterprise Research Center, Texas A&M University, 2021-04-19) Bullock, Ashley; Jansen, Dennis W.; Navarro, Carlos I.; Rettenmaier, Andrew J.
The Business-Cycle Index increased by 0.3% from January 2021 to February 2021. The revised local unemployment rate remained at its January 2021 level of 5.7% in February. Local nonfarm employment increased slightly by 0.4% in February and is 5.3% lower than it was in February 2020. The February winter storm negatively impacted local taxable sales. Real taxable sales decreased14.3% from January to February and were 14% lower than the same month last year. Nationally, the air travel in March 2021 was 52% of its March 2019 level and travel out of Easterwood Airport was 63% of its March 2019 level.
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 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 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 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 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, May 2024
(Private Enterprise Research Center, Texas A&M University, 2024-05-14) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.3% from February 2024 to March 2024. The local unemployment rate for March 2024 was 3.1%, unchanged from February 2024. Marchâ€™s local nonfarm employment was essentially the same as in February 2024, and was up 0.8% from March 2023.Inflation-adjusted taxable sales were up by almost 1.2% from February 2024 to March 2024. Inflation-adjusted quarterly total wage payments were down by 1.6% in the third quarter of 2023 compared to the previous quarter. The median sales price for single family homes in Brazos County increased 8% from the previous year.
Economic Indicators of the College Station-Bryan MSA, November 2023
(Private Enterprise Research Center, Texas A&M University, 2023-11-16) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased by a few decimal points in September and remained stable at 231 compared to the previous month. The local unemployment rate remained unchanged at 3.3% in September 2023 compared to August. Local nonfarm employment decreased by 0.05% from August to September. Septemberâ€™s inflation-adjusted taxable sales were down by 2.3% from August. Cumulative Texas state tax revenues for fiscal year 2023 were $0.9 billion higher than in fiscal year 2022 at $83.7 billion.
Economic Indicators of the College Station-Bryan MSA, October 2023
(Private Enterprise Research Center, Texas A&M University, 2023-10-19) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased from 229 in July 2023 to 230 in August. The local unemployment rate remained unchanged at 3.3% in August 2023 compared to July. Local nonfarm employment increased by 0.2% from July to August. Augustâ€™s inflation-adjusted taxable sales were up by 0.3% from July. Texas A&M University 2023 Fall enrollment was 3.4% higher than in Fall 2022.
Economic Indicators of the College Station-Bryan MSA, October 2024
(Private Enterprise Research Center, Texas A&M University, 2024-10-16) Bullock, Ashley; Jansen, Dennis W.; Sinha, Somali Ghosh
The Business-Cycle Index increased 0.3% from July 2024 to August 2024. The local unemployment rate remained steady at 3.2% in August 2024 compared to July 2024. Local nonfarm employment increased by 0.1% from July 2024 to August 2024. Inflation-adjusted taxable sales decreased by 0.9% from July 2024 to August 2024. Texas A&M University 2024 Fall enrollment was 2.3% higher than in Fall 2023.