Economic Indicators of the College Station-Bryan MSA, January 2019

Abstract

Employment in November 2018 increased at an annualized rate of 4.4% from its revised October figure and is up 2.5% from the level in November 2017. Employment counts from June to November 2018 were revised upward with the most recent data release. The Business Cycle Index for the month of November 2018 rose at an annualized rate of 7.3%, above the long-run average. The Unemployment rate remained unchanged at the historically low rate of 2.8%. Real taxable sales for the month of November 2018 were up 4% compared to November of the previous year. Local GDP experienced the third highest growth between 2001 and 2017 of the measured Texas Triangle metros, exceeding the state and national GDP growth rates.