Economic Indicators of the College Station-Bryan MSA, August 2019
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Date
2019-08-19
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
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.
Description
EconomicGrowth_Development_TechnicalChange|PublicFinance
Keywords
Economic Indicators, GDP, College Station, Bryan, Brazos, economy, EconomicGrowth_Development_TechnicalChange, PublicFinance