The Eagle Reports on December's Economic Indicators

Jan 03, 2020
Summary: The Private Enterprise Research Center ended 2019 with a bang. PERC’s Director, Dennis Jansen, and Andrew Rettenmaier, the Center’s executive associate director, were interviewed for a December 24 story in The Eagle newspaper on the December issue of Economic Indicators.

Economic Indicators is a monthly publication that measures the health of the College Station-Bryan economy using the the Business-Cycle Index, which is built from four components: the unemployment rate, wages, total nonfarm employment and taxable sales. The report showed that although the local unemployment rate rose slightly from the previous month, the month of October was the ninth consecutive month of economic growth for the area.

At 2.7%, “The unemployment rate remains incredibly low by any historical standards,” Jansen said.
The report’s focus section featured the housing market, including new home permits, the average real value of homes and how the growth in housing prices in the local area compare to those in other Texas metro areas.

“[Rettenmaier] said housing prices across Texas have gone up 36.6% since 2004. He said that local prices have risen at similar percentages to most other metro areas in Texas, with the exception of Austin-Round Rock-Georgetown, where prices are 66.5% higher than in 2004.”

To read the December issue of Economic Indicators, click here.

Click here to read the article in The Eagle.