A20 Base Input Red River, TX Page: 2 of 15
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Effects on Unemployment:
Closure of the Bowie County Defense Community
Data supplied by the Texas Workforce Commission.
Unemployment Unemployment after
(April 05 numbers) closure of BCDC
Texarkana M.S.A. 5.0% 7.7%
Bowie County 5.3% 9.2%
Northeast Workforce 5.7% 8.9%
To put this into perspective, the projected effects of closing the
Bowie County Defense Complex would be as follows:
* Unemployment in Texarkana will increase by half (54.0%)
* Unemployment in Bowie County will increase by three-
Unemployment in the N.E. TX Workforce Development
Area will increase by half (56.1%)
Using the potential job loss of 4500 and a conventional job multiplier of
2.42, the job impact to the region would be 10,890 direct and indirect
jobs. Taking an average of the "mean wage" and the "average
experience wage" and the impact of direct and indirect jobs, the
following economic assumptions result:
* The regional economic impact would be $363,000,000 annually
* With 133,159 employed in a 50-mile radius, over 8% of the total
workforce would be impacted
* The number of unemployed could grow to over 12,000
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A20 Base Input Red River, TX, text, November 1, 2005; (https://digital.library.unt.edu/ark:/67531/metadc24294/m1/2/: accessed April 20, 2019), University of North Texas Libraries, Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.