Cross Timbers Business Report, Volume 19, Number 2, Winter 2006 Page: 2
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quarter, all counties saw an increase in rates from October
to November, followed by decreases in December.
Bosque County had an unemployment rate of 4.3 per-
cent in October, which increased to 4.5 percent in Novem-
ber and then dropped back to 4.4 percent in December. The
annual rate decreased from 5.6 percent in 2004 to 4.9 per-
cent in 2005.
Comanche County also saw a rate of 4.0 percent in Oc-
tober rise to 4.1 percent in November, followed by a de-
crease to 4.0 percent in December. Looking at the annual
rate, the figures show a rate of 5.0 percent in 2004, com-
pared to 4.5 percent in 2005.
Similarly, Eastland County had of rate of 4.1 percent in
October, a 4.5 percent rate in November, and a 4.1 percent
rate in December. The annual estimate for 2005 is 4.8 per-
cent, which is below last year's figure of 5.4 percent.
In Erath County, the unemployment rate increased
from 3.3 percent in October to 3.5 percent in November,
and then decreased to 3.2 percent in December. Annually,
the rate dropped from 4.2 percent in 2004 to 3.8 percent in
2005.Inflation
Finally, in Hamilton County the rate in October was
3.4 percent, which then increased to 3.8 percent in No-
vember, followed by a small decrease to 3.7 percent in
December. The annual rate dropped from 4.4 percent in
2004 to 4.1 percent in 2005.
The U.S. Bureau of Labor Statistics collects and re-
ports national and state data and adjusts the information
for seasonal variation. The local county information is
reported by the Texas Workforce Commission and is not
adjusted seasonally.
Lindsay Morrison is a Graduate Student working on a MS
in Management at Tarleton State University.
The College of Business Administration at Tarleton
State University presents the Cross Timbers Business
Report (http://www. tarleton. edu/-econ/ctbr. htm) as a
service to local residents. It is written by the members
of Delta Mu Delta, a business honor society. This
report is distributed without charge to any interested
person or organization. To subscribe to this publica-
tion or make suggestions regarding its content, write
William L. Beaty, Editor, P.O. Box T-920, Tarleton
Station, TX 76402, phone 254-968-9622, or E-mail
beaty @tarleton. edu.Moderates in Fourth Quarter
By Julie WardA sharp decline in energy
flation rate for the fourth
quarter into negative terri-
tory and moderated 2005's
overall level of price in-
creases. In December, the
Consumer Price Index
(CPI) declined at a 0.6 per-
cent annual rate. This fig-
ure compares to a 2.4 per-
cent rise in October and a
6.6 percent drop in No-
vember. The majority of
December's decrease re-
sulted from a 24.6 decrease
in transportation prices,
which reflected a 35.2 per-prices pulled the nation's in-
flation rate to a peak of 14.7 percent in September. In
INFLATION RATES
(Annual Changes in Consumer Prices)
Percent20
18
16
14
12
10
8
6
4
2
0
-2
-4
-6
-8-10
-7
Oct Dec Feb April
2004
Source: Bureau of Labor Statisticscent decrease in energy prices. Hurricanes Katrina and Rita
which shut down oil refineries along the Gulf coast, pushed
the price of gasoline above $3 a gallon and brought theJune Aug Oct Dec
2005October, cooling energy prices
reduced the inflation rate to 2.4
percent. Further deductions in
energy costs contributed to a 6.6
percent price plunge in Novem-
ber.
According to The Wall
Street Journal, the Fed expects
core inflation for the first part of
2006 to be high and then to
moderate later in the year. The
Consumer Price Index is pub-
lished monthly by the Bureau of
Labor Statistics. The CPI is the
most often cited economic infla-
tion measure.Julie Ward is a senior majoring in economics at Tarleton
State University..3 6.2 6.2 6.2
4.4
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Tarleton State University. College of Business Administration. Cross Timbers Business Report, Volume 19, Number 2, Winter 2006, periodical, Winter 2006; Stephenville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth284670/m1/2/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.