Cross Timbers Business Report, Volume 3, Number 1, Fall 1988 Page: 1
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Cross imbers usiness Report
Volume 3, No. 1
County incomes up; populations down
According to the most recent estimates
by Sales and Marketing Management maga-
zine, the median household incomes of most
Cross Timbers counties increased between
1986 and 1987. This goood news was tempered,.
by the fact that four out of five counties noted
population losses over the same time span.
Erath County reported a median house-
hold income of $17,649 in 1987. This total was,
2.1 percent greater than the figure for 1986 and
1.2 percent above the value posted two years
earlier. Bosque County's median income rose
only slightly, from $19,273 in 1986 to $19,336
last year. The 1987 figure was 4.4 percnt greater
than the value noted in 1985. In Comanche
County, the median household income for 1987
was $15,444. This value was only 0.8 percent
above the figure reported in 1986, but was 2.9
percent above the 1985 total.
Eastland County noted a 3.2 percent
buying power decline from the year before, as
median household income for 1987 was
$14,950. This figure was 4.2 percent less than
the average for the same span two years earlier.
Hamilton County's effective buying income
advanced slightly from $15,218 in 1986 to
$15,387 last year. The 1987 estimate was 0.6
percent less than the figure reported in 1985.
In the same issue, Sales and Marketing
Management magazine estimated populations
for local counties. Erath County noted a decline,
from 25,600 in 1986 to 25,100 last year. Bosque
MEDIAN HOUSEHOLD INCOME
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County experienced a population outflow of 100
as its 1987 population was estimated at 14,800.
Eastland County also reported a loss of 100 as
its population dropped to 19,800 last year.
Hamilton County's population fell by 200 in
1987 to 8,500.
Of the five Cross Timbers counties re-
porting, only Comanche County experienced a
gain. Its population grew from 12,900 in 1986 to
13,000 last year.
The aggregrate population of five Cross
Timbers counties for 1987 was estimated at
81,200. This total was 800 less than the figure
reported the previous year.
Nation's economic growth
slows in third quarter
Real gross national product, the infla-
tion-adjusted measure of the nation's output of
goods and services increased at only a 2.2
percent annual rate in the third quarter, accord-
ing to the latest report from the Department of
Last quarter's lackluster performance
followed growth rates of 3.0 percent in the
second quarter and 3.4 percent in the first.
Slowdowns in farm output, smaller increases in
exports and capital spending, and a falloff in
government defense spending contributed to
last quarter's decline.
As measured by the GNP deflator, prices
increased at a seasonally adjusted annual rate
of 4.4 percent between July and September.
This advance was slightly lower than the 5.0
percent upward movement noted in the second
Although the combination of slower
growth and smaller price advances was reassur-
ing to analysts fearful of an overheated econ-
omy, some troublesome signs were seen. The
third quarter's worsening trade deficit reversed
nine consecutive months of improvement. A
sharp drop in capital goods spending by busi-
nesses was also taken as an ill omen.
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Reference the current page of this Periodical.
Tarleton State University. Department of Social Sciences. Cross Timbers Business Report, Volume 3, Number 1, Fall 1988, periodical, Autumn 1988; Stephenville, Texas. (texashistory.unt.edu/ark:/67531/metapth298181/m1/1/: accessed March 20, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.