Economic Indicators of the College Station-Bryan MSA, July 2022

Authors: PERC Staff Date: July 2022

The Business-Cycle Index increased 0.2% from April 2022 to May 2022. The local unemployment rate remained unchanged at 3.3% in May 2022. Local nonfarm employment in May decreased by 0.3% from April but was 1.87% higher than its pre-pandemic high in February 2020. Local real (inflation-adjusted) taxable sales increased by 0.3% from April 2022 to May 2022 and were 7.2% higher than the same month in 2021. Local housing prices have risen substantially since the beginning of 2021, similar to the statewide pace. 

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Keywords: Local economy, College Station-Bryan, unemployment, nonfarm employment, real taxable sales, housing price index, price per square foot, index, enplanements