Monthly Archives: May 2012

Comerica Economic Weekly

Posted on May 11, 2012 by Comerica Economics

The U.S. international trade gap widened in March to $51.8 billion with a little help from higher oil prices. But most of the push came from non-petroleum imports, which increased by $9.4 billion for the month. Exports remained strong, increasing … Continue reading →

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Posted in General, United States, Weekly | Comments Off

Jobs, Cars and Houses: Where is the Real Economy?

Posted on May 10, 2012 by Comerica Economics

For the second straight month, the gains to payroll jobs were disappointing as the April employment report showed an increase of just 115,000 jobs, after the now-revised March increase of 154,000. The better news in the April jobs report came … Continue reading →

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Posted in General, Monthly, United States | Comments Off

Southern California Faces Challenges

Posted on May 4, 2012 by Comerica Economics

In addition to entertainment and tourism, Southern California relies heavily on international trade and defense spending. The ports of Los Angeles and Long Beach together are the fifth-busiest port in the world. The good news in the Southern California story … Continue reading →

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Posted in California, Quarterly Briefs, Southern California | Comments Off

Northern California Boosted by Silicon Valley, Anchored by Government

Posted on May 4, 2012 by Comerica Economics

Strong expansion by Silicon Valley’s high tech industries is helping to revitalize the Northern California economy. Hiring remains strong amongst major software firms. General Electric is not usually associated with Silicon Valley, but soon will be. The company is building … Continue reading →

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Posted in California, Northern California, Quarterly Briefs | Comments Off

Detroit Finds Breathing Room but Faces Challenges

Posted on May 3, 2012 by Comerica Economics

The Detroit metro area economy is stabilizing with the help of increasing auto sales and an upsurge in auto production. U.S. auto sales were at a 14.3 million unit pace in March and are expected to continue to climb through … Continue reading →

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Posted in Detroit, Michigan, Quarterly Briefs | Comments Off

Central West Michigan Benefits from Manufacturing Boost

Posted on May 3, 2012 by Comerica Economics

Central West Michigan’s unemployment rate of 6.9 percent in February is well-below the February state-wide rate of 8.8 percent, as well as the March national rate of 8.1 percent.  And while Ann Arbor maintains the lowest unemployment rate of the … Continue reading →

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Posted in Central West Michigan, Michigan, Quarterly Briefs | Comments Off