Economic Indicators of the College Station-Bryan MSA, June 2020

Authors: PERC Date: June 2020

Initial unemployment claims over the last 14 weeks topped 46 million nationally. The number of claims per week have declined since the week ending March 28. Over the same time period, 2.5 million workers in Texas filed claims. Locally, 12,309 initial unemployment claims were filed between weeks ending on March 7 to May 30. Both statewide and locally, the number of claims per week have generally declined since the week ending on April 4. Air travel nationally and out of Easterwood Airport increased in May relative to April. The unemployment rate increased to 9.4% in College Station-Bryan for the month of April. The local rate was the third-lowest among Texas metropolitan areas. The national unemployment rate in April was 14.7% and the statewide rate in April was 13.5%. The national rate for May declined to 13.3% and the rate in Texas declined to 13%. The Business Cycle-Index exhibited another monthly decrease of 1.9% for the month of April.

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Keywords: Covid-19, coronavirus, local economy, College Station-Bryan, oil, travel, unemployment