Economic Indicators of the College Station-Bryan MSA, October 2020
Authors: PERC Staff
Date: October 2020
The Business-Cycle Index increased 3.5% from July to August, the fourth straight month of positive growth, Initial unemployment claims nationally were 840,000 for the week ending on October 3, the lowest initial claims since the week ending on March 14. Initial unemployment claims in Texas were 41,656 for the week ending on October 3, the second-lowest weekly claims since mid-March. Locally, 224 unemployment claims were filed during the week ending on September 26, the lowest weekly total since the week ending on March 14. The local unemployment rate fell to 4.3% in August, the second-lowest rate among Texas metros. While air travel both nationally and locally has increased since April, the pace of the return to 2019 levels remains slow. Local single-family building permits and permit values for the first eight months of 2020 are up relative to the same period in 2019. Pending home sales for the months of June to September of 2020 are also up compared to 2019.
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