Monthly Archives: February 2012

January U.S. Employment and Auto Sales

                                      New Jobs and New Cars, What’s Not to Like? The January Payroll Employment Survey showed a solid net gain of 243,000 jobs for the month. The separate Household Survey posted a huge 847,000 job increase for the month.   … Continue reading

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California Economy Unchanged in November

Comerica Bank’s California Economic Activity Index was flat in November, at a level of 101.  November’s reading is 12 percent, or 11 points, above the index cyclical low of 90.  Year-to-date the index has averaged 102, two points above the … Continue reading

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Texas Economy Regains Employment Peak

Comerica Bank’s Texas Economic Activity Index rose one point in November, to a level of 100.  November’s reading is the highest index level since September 2008, and is 17 points, or 20 percent, above the index cyclical low of 83.  … Continue reading

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Michigan Index Unchanged in November

Comerica Bank’s Michigan Economic Activity Index was flat in November, unchanged at a level of 88.  The November index level is 17 points, or 24 percent, above the index cyclical low of 71.  Year-to-date the index has averaged 87 points, … Continue reading

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January ADP Employment, ISM Manufacturing, December Construction

   Labor Data Shows Active Small Businesses Hiring The ADP Employment Report for January showed an overall increase of 170,000 private sector jobs. The January ISM Manufacturing Survey’s Purchasing Managers’ Index ticked up to 54.1 percent. Construction Spending for December … Continue reading

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Phoenix Growing, But Housing Still A Drag

Since peaking at 9.8 percent in November 2009, Phoenix unemployment has gradually trended lower, falling nearly two percentage points to 7.9 percent in November 2011.  This compares with a U.S. November unemployment rate of 8.7 percent.  Payroll employment in Phoenix … Continue reading

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Central West Michigan Is Feeling Some Lift

Central West Michigan’s unemployment rate of 8.2 percent in 3Q2011 was well below Michigan’s overall rate of 9.8 percent as of November and the national rate of 8.6 for that month.  This does mask some intra-regional differences, though, as the … Continue reading

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