Economic Indicators of the College Station-Bryan MSA, May 2021

Authors: PERC Staff Date: May 2021

The Business-Cycle Index increased by 1% from February 2021 to March 2021. The revised local unemployment rate decreased from 5.6% to 5.5% in March. Local nonfarm employment increased slightly by 0.3% in March and is 4.1% lower than it was in March 2020. Real taxable sales increased 17.4% from February to March, recovering from February’s sharp decrease due to the winter storm. State of Texas revenues from oil and gas production taxes were higher in April than their pre-pandemic levels. The number of travelers out of Easterwood Airport in April was two-thirds of the number in April of 2019. 

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Keywords: Oil and gas, local economy, College Station-Bryan, unemployment, index, tax