Cross Timbers Business Report, Volume 10, Number 2, Winter 1997 Page: 2
This periodical is part of the collection entitled: Cross Timbers Business Report and was provided to The Portal to Texas History by the Tarleton State University.
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U.S., Texas Labor Markets Robust; Inflation Remains Moderate
Information from the Bureau of Labor
Statistics indicates both the United States and
Texas labor markets remained strong in 1996.
This information, along with a positive consumer
price report, indicate economic policy makers
have succeeded in maintaining both a healthy
labor market and low inflation.
UNEMPLOYMENT RATE
U.S., Texas
Percent
3
7 -. . . ...... :..----- . .--. .. ..... ......
S' " - .... .. ......e .......................
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1996
Source: BureauofLaborS ticsThe United States unemployment rate moved
from 5.7 percent of the civilian labor force in
January, 1996 to 5.3 percent at year end. The 5.4
percent average of last year's jobless rates
compares favorably to the 5.6 percent average
posted the year before.
Texas' jobless statistic declined from 6.1
percent in January of last year to 5.3 percent in
December. The state's 5.7 percent mean
unemployment rate for 1996 falls below the 6
percent rate noted in 1995.
Economic analysts associate a jobless rate
below six percent with full employment. The
U.S. economy has been in this range since
September, 1994, and the Texas economy has
maintained this rate since May of last year.
The consumer price index rose from 153.5
percent of the 1982-1984 average in December,
1995 to 158.6 last December. The 3.3 percent
rise in this statistic is greater than the 2.5 percent
increase the year before, but is below the four
percent rate most economists associate with price
moderation.Milk Sales Dominate County Agricultural Incomes
Erath county farmers and ranchers generated
$277.8 million in revenues in 1996. This total
represents gains of 15.9 percent and 12.7 percent
over 1995 and 1994 income levels.
As in past years, milk sales dominated farm
revenues, generating almost 80 percent of all
income generated. This figure represents an
increase over the 76 percent contribution noted in
the previous two years. Sale of other livestock
and products was the second largest revenue
producer in 1996 followed by crop receipts and
direct government payments.
Agricultural income figures are estimated
and compiled through a cooperative program
coordinated by the county extension service.AGRICULTURAL INCOME BY SOURCE
Erath County, 1996
Milk 79.8%
5.8%
Govt. Pmts. 0.6%
Other Lvestk. & Prods. 13.8%
Total Income, $277.8 Million
Source: Agricultural Extension Service
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Tarleton State University. Department of Social Sciences. Cross Timbers Business Report, Volume 10, Number 2, Winter 1997, periodical, Winter 1997; Stephenville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth298208/m1/2/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.