The December issue of Economic Indicators
, a monthly report that measures the health of the local economy, was featured in an article in The Eagle newspaper on Friday, December 18, 2020.
The report shows several positive signs for the College Station-Bryan economy, including declines in the local unemployment rate and the number of filed unemployment insurance claims, as well as a slight increase in nonfarm employment.
Quoted from the article, “The monthly report of economic indicators shared that local nonfarm employment increased slightly since September but was 4.2% lower in October 2020 than it was in October 2019. Local real taxable sales increased 6.5% from September to October but were 9.6% lower than the same month last year. Locally, 174 unemployment claims were filed during the week ending Nov. 28, the lowest weekly total since the week ending March 14.”
This month’s issue also highlights the hotel industry by showing hotel receipts and revenues per room. “Hotel receipts from January to October of 2020 were 49% of receipts for the same months of 2019. During the first two months of this year’s football season, September and October, hotel revenues were 42% of the receipts for the same months of 2019,”the article said.
Click here to read the full article at The Eagle
Read the December issue of Economic Indicators