Methodology

Data sources, geographic scope, and caveats

Author

Sam Caldwell

Geographic scope

This analysis covers four small towns in the West Texas Edwards Plateau and Permian Basin fringe region. County-level data is the finest granularity available from federal statistical agencies for these locations.

Town County FIPS Pop. (est.) Primary economy
Sonora Sutton 48435 ~3,000 Ranching, oil/gas services, IH-10 corridor
Eldorado Schleicher 48413 ~2,800 Ranching, oil/gas, agriculture
Ozona Crockett 48105 ~3,400 Ranching, oil/gas, IH-10 corridor
Junction Kimble 48267 ~4,400 Ranching, tourism (Llano River), agriculture

State-level data (Texas) and national data (United States) are included as benchmarks for comparison.

Data sources

Source Dataset What Frequency Lag
BLS LAUS Local Area Unemployment Statistics County unemployment rate, labor force, employment Monthly ~1 month
BEA Regional CAINC1 County per-capita personal income Annual ~6–9 months
BEA Regional CAGDP1 County GDP (total market value of production) Annual ~6–9 months
FRED UNRATE US civilian unemployment rate Monthly ~1 week
FRED TXUR Texas unemployment rate Monthly ~1 month
FRED TXRGSP Texas real gross state product Annual ~6 months

All data is public domain (US government work). Attribution is provided as courtesy.

Pipeline

fetch_fred.R      → data/economy/cache/unemployment.csv, tx_unemployment.csv, tx_rgsp.csv
fetch_bls.R       → data/west-texas/cache/bls_laus_{county}_ur.csv
fetch_bea.R       → data/west-texas/cache/bea_income.csv, bea_gdp.csv
build_west_texas.R → data/west-texas/unemployment_monthly.csv
                     data/west-texas/income_annual.csv
                     data/west-texas/gdp_annual.csv
                     data/west-texas/west_texas_summary.csv

Caveats and limitations

Small-county volatility. Counties with populations under 5,000 exhibit high variability in economic statistics. A single business opening or closing can swing the unemployment rate by several percentage points. The four-county regional average smooths some of this volatility but does not eliminate it.

BEA data suppression. The BEA may suppress county-level GDP or income data for confidentiality when too few establishments contribute to a given industry. Missing values are shown as gaps rather than interpolated.

Lagged data. BEA county income and GDP are published with a 6–9 month lag. BLS LAUS county data is published with a ~1 month lag. FRED state-level series are typically available within 1–2 months.

Energy-economy link. These counties are in or adjacent to the Permian Basin, the largest US oil-producing region. Local economic conditions are strongly influenced by oil and gas prices. See the Energy section for WTI crude and natural gas price trends.

Not causal. The comparisons presented are descriptive. Differences between county, state, and national data reflect many factors beyond local policy — including industry composition, demographic shifts, and commodity price cycles.

License

Code: MIT. Data: public domain (US government sources).