Overall unemployment rate moved up to 2.9% with the biggest shift in Transportation & Utilities, which lost 300 roles, based on the most recently available information published in June 2022.
Total employment in the College Station-Bryan, TX market declined by 1,168 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 2.9%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- College Station-Bryan, TX unemployment rate is 48 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -0.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Government: 45,100; -100
- Transportation & Utilities: 18,700; -300
- Restaurants & Hotels: 17,600; no change
- Education & Healthcare: 12,500; -100
- Business Services: 11,800; no change
- Construction, Mining: 7,300; no change
- Manufacturing: 5,700; +100
- Financial Services: 4,100; no change
- Other Jobs: 3,400; no change
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.