ECONOMIC SNAPSHOT
A Summary of the Brownsville MSA’s Economy NOVEMBER 2014
HIGHLIGHTS
7.7%
EMPLOYMENT Brownsville Metropolitan Statistical Area (MSA) unemployment rate decreased by three-tenths of a percent this month.
Unemployment rate decreased by three-tenths of a percent Sales Tax receipts for
Brownsville MSA’s Unemployment Rate
Brownsville’s MSA labor force consists of 162,771 individuals, in the month of October 193 individuals became employed and 12,537 are still looking for work.
November 2014 were 6.8 percent higher than for last year’s month of November
Brownsville is following the trend seen by the state and nation in regards to dropping the unemployment rate. Texas unemployment rate decreased by two-tenths; the national employment rate also experienced a decreased of two-tenths during the month of October.
2013. Civilian Labor Force
The total amount of Brownsville commercial building permits for September 2014 was $10 million.
Oct-14 Sep-14 Oct-13
162.7 163.2 164.1
Emp.
Unemp.
Rate
150.2 150.1 147.9
12.5 13.1 16.1
7.7 8 9.8
There were a total of 533,101 international border bridge
SALES TAX
crossings in September 2014.
Sales taxes were over $3 million in November 2014, 9.5 percent more than the previous month.
The projected amount of
Brownsville sales tax receipts for November 2014 were 6.8 percent higher than for last November in 2013.
exported goods in November from Brownsville to Mexico is $13 million.
The sales tax trend is consistent, following the same spending pattern as last year. Since May 2014 to date, sales tax figures have increased in comparison to 2013 recorded figures.
During this year the Brownsville Airport has had more than 174 thousand
Sales Tax Figures
Brownsville City - November 2014
passengers.
Source: Texas Comptroller of Public Accounts
Thousands
Source: Texas Workforce Commission
$4,000 $3,500 $3,000 $2,500 $2,000 DEC
JAN
FEB
MAR
APR
Last 12 Months: Dec. 13 - Nov. 14
MAY
JUN
JUL
AUG
SEP
Previous Year: Dec. 12 - Nov. 13
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NOV