7.3.6 Economic Analysis and Development
The State’s highway system is seen as a crucial part of not just the movement of people, but also goods and services. Depending on the type of corridor planning process being performed, a preliminary economic analysis of existing conditions in the study limits could be needed. The Bureau of Labor Statistics (BLS) provides information on employment, productivity, pay and benefits, inflation, prices, and much more. Data from BLS can be used to determine earnings by demographics or by industry, or employment within the study limits. See
Appendix H, Section 1 – External References (Reference 10)
for a link to the BLS website. The United States Bureau of Economic Analysis (BEA) provides information on GDP, international trade and investment, industries, employment, and other topics. Data can be broken down by geographies and industries. See Appendix H, Section 1 – External References (Reference 11)
for a link to the BEA website.The Texas Demographic Center and the United States Census Bureau also has information related to population and socioeconomic related information.
TxDOT also has access to IHS Markit data, which breaks down employment, income, population, GDP, and other socioeconomic data by county. It includes historical data as well as data projected out 20 to 30 years.