Cross Timbers Business Report, Volume 3, Number 3, Spring 1989 Page: 3
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Retail sales vary among area counties
Although Erath County's third quarter,
retail sales were off slightly from year earlier
levels, strong performances in1988's first two
quarters contributed to aggregate sales for the
first nine months which were above both of the
two previous years. Sales totals were also higher
than year before levels in three of four other
Cross Timbers counties.
Erath County reported retail sales of
$43.3 million in the third quarter of last year.
This figure compared unfavorably to an aggre-
gate of $44.4 million for the same three-months
the year before, but was greater than the total of
$41.3 million noted in the same period of 1986.
Erath County's retail sales congolmerafe for the
first three quarters of 1988 was $124.5 million,
a value which was 3.6 percent above the figure
for the previous year, and 4.3 percent greater
than the same span two years earlier.
Retail sales in Bosque County were
$11.4 million in the July-September period of
last year. This sales total was 0.7 percent above
the year earlier level, but was 14.8 percent less
than the value posted for the same three months
of 1986. Bosque County realized a total of $36.2
million in retail sales during the first nine
months of 1988. This value compared favorably
to totals of $32.6 million and $35.6 million real-
ized in 1987 and 1986.
Comanche County reported a retail sales
total of $14.9 million between July and Septem-
ber of last year. The 1988 value was 1.7 percent
less than the figure for the same months of 1987,
but was 6.2 percent greater than the figure
posted in the third quarter of 1986. For the first
three quarters of last year, Comanche County
accumulated $43.4 million in retail sales. This
value compared to figures of $42.3 milion and
$40.4 million for 1987 and 1986.
Retail sales for Eastland County totaled
$23.8 million in the third quarter of 1988. This
value was 1.7 percent above the same three
months the year before, but was 3 percent below
the total for two years earlier. Aggregate retail
sales for the January-September period of last
year were $69.4 million. This value was 3.5
percent above the total for the same span in
1987, and 0.6 percent off the pace set in 1986.
Hamilton County maintained a rela-
tively slow pace in the third quarter of last year,
as its retail sales total of 11.3 million fell 2.7RETAIL SALES. Area Counties
percent below the year before. The third quarter
1986 sales figure for Hamilton County was $8.6
million. Sales for the January-September pe-
riod of last year amounted to $29 million, a value
which was 4.5 percent less than the aggregate
reported for the year before, but 6.4 percent
greater than the conglomerate for the same
period two years earlier.
Jobless rates slide
Unemployment rates in both the United
States and Texas slid during the first quarter of
1989. These moves were good news to low
skilled workers who gain in times of tight labor
markets. The continuing low rates concerned
some economists, however, who expressed fear
of higher inflation in months to come.
The nation's Jobless percent began in
1989 at a level of 5.4 percent, fell to 5.1 percent
in February, then slipped to a 15 year low of five
percent in March. Most of the quarter's employ-
ment gains came in the services sector, although
advances in construction and manufacturing
contributed to February's decline in idleness.
The U.S. unemployment rate averaged 5.7 per-
cent during the first three month of 1988.
The Texasj obless ratio declined from 7.1
percent in January to 6.7 percent in February to
six percent in March. The March statistic repre-
sented the lowest level for this indicator since
December 1984. Texas sectors exhibiting em-
ployment gains in the second quarter were gov-
ernment and other services, transportation and
public utilities. Declining sectors included
construction, trade and mining. The Texas
Jobless rate averaged 8.2 percent in the first
quarter of last year.
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Tarleton State University. Department of Social Sciences. Cross Timbers Business Report, Volume 3, Number 3, Spring 1989, periodical, Spring 1989; Stephenville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth298183/m1/3/: accessed May 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.