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

Abstract

The Business-Cycle Index increased by a scant 0.06% between March and April 2019, which translates to an annualized increase of 0.8%. Nonfarm employment increased by 0.2% from March to April and is now 2% higher over the past twelve months. The unemployment rate decreased to 2.9% in College Station-Bryan for the month of April, or 0.1 percentage point lower than the rate for March 2019. Real taxable sales grew 3.2% between March and April and are up 6.1% from this time last year. Real wages decreased by 0.4% from the third to the fourth quarter of 2018, but grew by 0.9% relative to the fourth quarter of 2017. The focus this month is on average daily vehicle traffic along Highway 6, and on air travel in College Station-Bryan compared to other Texas airports