July Economic Indicators Featured in The Eagle

Jul 17, 2020
Summary: The July issue of PERC’s Economic Indicators, a monthly publication on the health of the local economy, and information on travel data found therein, was mentioned in an article in The Eagle newspaper on Friday, July 17, 2020.
Measures of local and statewide vehicle traffic show an increase in the number of vehicle miles driven from early April to the middle of June, but have declined modestly since.
Reporter Kenny Wiley stated, “StreetLight Data measured the number of miles driven relative to the first week of March and found that Bryan-College Station’s drivers traveled less than 20% of normal distances in early April. That percentage climbed significantly in late May through mid-June but has lessened again since, though less dramatically, as local COVID-19 cases rose sharply.”
The report also includes local and national airplane travel data for month of June. “The A&M research center report also shared Transportation Security Administration data showing that air traffic at Easterwood Airport increased in June from May and April’s figures, similar to national patterns — though still far below 2019 air travel numbers. June 2020 enplanements, at 1,241 passengers, were 18.9% of June 2019 enplanements. April 2020’s enplanements were, at 312 passengers, 4.3% of April 2019’s figures,” said Wiley.
From the report, “Similar to the national pattern, total enplanements out of Easterwood for March 2020 were 57% of enplanements from March 2019. In April, the 312 passengers who flew out of Easterwood were 4.3% of the enplanements during April 2019. May’s count of 1,188 passengers was 16.1% of the count from May 2019. June’s 1,241 enplanements were 18.9% of June 2019 enplanements.”
This issue of Economic Indicators also includes information on national, state and local unemployment insurance claims; the College Station-Bryan unemployment rate compared to other Texas metro areas; changes in nonfarm employment; inflation-adjusted taxable sales; and the Business-Cycle Index for the College Station-Bryan MSA.
Click here to read the full article from The Eagle.
To read the latest issue of Economic Indicators, click here.