Economic Indicators of the College Station-Bryan MSA, November 2020

Abstract

The Business-Cycle Index decreased by 3.2% from August to September after four continuous months of positive growth. The local unemployment rate jumped to 5.6% in September from 4.3% in August, but remained the second lowest rate among Texas metros. Local nonfarm employment and taxable sales declined between August and September. Local nonfarm employment in September was 98.2% of February's pre-COVID employment level. Locally, 192 unemployment claims were filed during the week ending on October 31, the lowest weekly total since the week ending on March 14. Local employment in the Leisure and Hospitality industry was down 7.2% from February's employment level. Local air travel increased between September and October and stood at 51% of air travel in October 2019.