Monthly Archives: April 2012

Miami Stirring, Driven by Multifamily Boom

Miami labor markets were hit hard by the most recent recession, but have recovered slightly better than the national average. 2011 Miami payroll employment grew 1.6 percent, compared to 1.2 percent nationally.  Miami’s February unemployment rate of 9.6 percent is … Continue reading

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Florida Economy Down Slightly in February

Comerica Bank’s Florida Economic Activity Index fell one point in February, to a level of 105.  February’s reading is 24 points, or 30 percent, above the index cyclical low of 81.  Year-to-date the index is seven points above the average … Continue reading

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Michigan Index Spikes in February

Comerica Bank’s Michigan Economic Activity Index increased by four points in February, spiking to a level of 102.  The February index level is 42 points, or 70 percent, above the index cyclical low of 60. February marks the highest index … Continue reading

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FOMC Policy Announcement, March Durable Goods, April Mortgage Apps

FOMC Holds Its Course, Expectations Still Elevated for June Meeting  According to today’s FOMC policy announcement, Fed policy will remain unchanged from March 13. The FOMC remains committed to a zero interest rate policy through late-2014. According to the FOMC, … Continue reading

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Arizona Economy Accelerates in February

Comerica Bank’s Arizona Economic Activity Index rose three points in February, to a level of 84. February’s reading is 13 points, or 18 percent, above the index cyclical low of 71.  Year-to-date the index has averaged 83 points, four points … Continue reading

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Phoenix Rises from the Ashes

Phoenix’s unemployment has been gradually drifting lower over the past quarter, down to 7.7 percent as of February. This puts the area’s unemployment rate slightly below the national rate of 8.1 percent as of March.  Payrolls in Phoenix have also … Continue reading

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March New Home Sales, February Home Prices, April Consumer Confidence

A Shaky Floor for Housing, Not Yet Nailed Down New Home Sales for March decreased by 7.1 percent, to a 328,000 unit sales rate. The February Case-Shiller 20-City Composite Home Price Index was 3.6 percent below a year ago. The … Continue reading

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San Antonio Spurred By Energy Growth

After cooling somewhat over the second half of 2011, the San Antonio labor market is poised to show strong gains in early 2012. San Antonio’s February unemployment rate of 6.7 percent is 1.4 percentage points below the nation’s March level.  … Continue reading

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Austin Expands Its Limits

After trending around 7.0 percent annually from 2009-2011, the Austin unemployment rate fell to 6.1 percent in February 2012.  Austin’s February unemployment rate is 2.1 percentage points below the March national rate of 8.2 percent.  The drop in unemployment is … Continue reading

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Good Start to 2012 for North Texas

Job growth in the Dallas-Fort Worth metroplex accelerated in early 2012, bringing the area’s unemployment rate down to 6.9 percent in February. This is the area’s lowest unemployment rate since January 2009, and still well below the U.S. rate of … Continue reading

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