Economic Indicators of the College Station-Bryan MSA, August 2024
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Date
2024-08-15, 8/15/2024
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
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.
Description
Keywords
Local economy, College Station-Bryan, unemployment, nonfarm employment, enplanements, wages, earnings, Brazos, Texas, EconomicGrowth_Development_TechnicalChange