August Economic Indicators Featured in The Eagle

Aug 26, 2019
Summary: August’s Economic Indicators was featured in Sunday’s edition of The Eagle newspaper on August 25, 2019. PERC’s Director, Dennis Jansen, and Executive Associate Director, Andy Rettenmaier, were interviewed for the article.

In contrast to the national outlook, the Business-Cycle Index grew almost 1% from May to June and the unemployment rate dropped to a new low of 2.7% last month in the College Station-Bryan MSA.

“The economy is moving right along,” Jansen said. “There’s talk about recession fears nationally. Locally, there are no current worries. If something happens nationally, that may filter down here eventually, but we’re pretty unaffected by the national cycles.”

Economic Indicators is a monthly publication produced by the Private Enterprise Research Center that provides a report on the health of the economy in College Station-Bryan. Each edition also includes a special focus section that analyzes area data and compares that to other locales.

August’s focus section compares local employment and earnings in the healthcare sector and Medicare spending per enrollee to other metropolitan statistical areas in Texas. College Station-Bryan had the lowest employment in the Education and Health Services industry, at 10.4%.

“If you look at health care spending, it rises by age, so it isn’t surprising that we have a smaller heath care sector in terms of employment,” Rettenmaier said. The article also noted that he said that some area residents, especially students, primarily access health care elsewhere.
 
Click here to read the article from The Eagle newspaper.

Click here to read August’s edition of Economic Indicators.