Economic report on Bryan-College Station shows a return to pre-pandemic level employment
BRYAN, Texas (KBTX) – Things are looking up for Bryan-College Station’s economy according to an economic indicators report created by the Texas A&M Private Enterprise Research Center (PERC) and sponsored by the Brazos Valley Economic Corporation.
Dennis Jansen, the Director of PERC, and Jeff Montgomery Professor of Economics at Texas A&M University joined First News at Four to break down the report’s findings.
Some highlights of the research include:
- The Business-Cycle Index increased 1.1% from March 2022 to April 2022.
- The local unemployment rate decreased to 3.3% in April 2022 from 3.4% in March 2022.
- Local nonfarm employment in April increased by 0.5% from March and was 2.3% higher than its pre-pandemic high in February 2020.
- Local real taxable sales increased by 3.8% from March 2022 to April 2022 and were 6.4% higher than the same month in 2021.
- Real total quarterly wages in the fourth quarter of 2021 increased 8.9% from the…
