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TAMUCC

UPDATE

December 2017

Local Economic Update

Corpus Christi is rebounding in the wake of Hurricane Harvey, which struck the Coastal Bend in August. Industries directly related to the region's rebuilding efforts added more than 4,000 jobs in October, bringing the local unemployment rate down to 5.1 percent -- one percentage point below that a year ago. New home construction has slowed down as much of construction activity has shifted temporarily to home repairs, particularly in communities devastated by Harvey. View the latest statistics.

 

Read the latest edition of the Coastal Bend Economic Briefing newsletter, which is brought to you by the South Texas Economic Development Center, Corpus Christi Regional Economic Development Corporation, and Workforce Solutions of the Coastal Bend.

 

Hurricane Harvey is widely recognized as one of the costliest natural disasters in U.S. history, ahead of Sandy but behind Katrina. This article focuses on its impact on communities within the Corpus Christi metro area, where the storm made its first landfall. Simulation exercises suggest that the extended economic impact in the form of cumulative output losses reduces substantially the sooner those communities can recover.

 

Read Full Article >>

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South Texas Economic Development Center

EDA University Center

College of Business

Texas A&M University-Corpus Christi

6300 Ocean Drive, Corpus Christi,

Texas 78412

 

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