Economic Indicators of the College Station-Bryan MSA, September 2024
Loading...
Date
2024-09-19, 9/19/2024
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
The Business-Cycle Index increased 0.5% from June 2024 to July 2024. The local unemployment rate remained steady at 3.2% in July 2024 compared to June 2024. Local nonfarm employment increased by 0.5% from June 2024 to July 2024. Inflation-adjusted taxable sales decreased by 0.3% from June 2024 to July 2024. Inflation-adjusted quarterly wages increased by 3.1% from the previous quarter. Poverty rates for college towns are overstated. Our Modified Poverty Measure for College Station Bryan, which excludes college students, was 12.3%, compared to the Official Poverty Measure of 21.6%.
Description
Keywords
Local economy, College Station-Bryan, unemployment, nonfarm employment, enplanements, poverty rates, age demographics, Brazos, Texas, EconomicGrowth_Development_TechnicalChange