Cross Timbers Business Report, Volume 7, Number 2, Winter 1993 Page: 2
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mained weak throughout the year, while manufactur-
ing jobs expanded slightly in December following UNEMPLOYMENT RATES
heavy layoffs in earlier months. U.S., Texas
The Texas unemployment rate moved from 7.8 Percent
percent in January to 8.2 percent in June, then declined 1o
irregularly to 7.8 percent in December. The 7.5 percent 9 Texas
mean rate for 1992 is almost one percentage point
higher than the figure for the year before. Most of the I U.S.
state's job expansion came in services, while the energy
sector reported the largest number of job losses.
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
National and state unemployment statistics are 9 92
compiled and reported on a monthly basis and are Source: Bureau of Labor Statistics
adjusted for normal seasonal variation.
County Agricultural Incomes RiseIncreases in milk and peanut output combined with
favorable price patterns to push Erath county farm in-
comes higher in 1992. This advance followed a revenue
decline the previous year.
Total incomes accruing to Erath county farmers
advanced from $184.4 million in 1991 to $203.7 million
ERATH COUNTY FARM INCOME
By Source, 1992Milk 73%
Govt & Other 1%
Crops 6%
Livestk & Prods 20%Source: Agricultural Extension Service
in 1992. Last year's sales were 6.5 percent greater than the
1990 value. A strong production increase offset a small
price decline to push total milk revenues to $149.5 mil-
lion. This value represents almost three-fourths of all farm
revenue for the county. Peanut production also advanced
significantly last year, helping push total crop marketings
to $11.6 million. Crops contributed another six percent to
the county's farm revenues. Other livestock and product
marketings declined slightly, from $41.7 million in 1991
to $40.1 million last year. The remaining $2.5 million in
farm incomes came from direct government payments,
timber sales, and hunting leases.
The Agricultural Increment Committee works with
the county extension office to estimate total incomes ofcounty farmers. These data are compiled annually, and
are made available to journalists and other interested
parties.
Building Permits
Post Strong Rebound
A December permit for the construction of the Wal-
Mart Super Center combined with a number of other
sizeable projects to push the Stephenville building permit
total to its highest level in eight years. This value followed
three years of weak construction activity.
The City of Stephenville issued 249 building permits
last year, representing a total value of $10.5 million. This
figure was more than three times the value for the year
before and was almost six times the 1990 total. Last year's
larger construction projects are reflected in the $42,182
average permit value, which is significantly greater than
the $13,787 mean posted the year before and the $8,402
average noted two years earlier.
Economists watch building permit values closely as
an indicator of future construction activity.
BUILDING PERMITS
Stephenville, January-DecemberMillions of Dollars
So 1988 1989
Source: City of Stephenville1990 1991 1992
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Tarleton State University. Department of Social Sciences. Cross Timbers Business Report, Volume 7, Number 2, Winter 1993, periodical, Winter 1993; Stephenville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth298197/m1/2/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.