Monthly Archives: August 2012

Comerica Economic Weekly

U.S. economic data from the end of summer has generally been better than expected. That happy trend continued this week in the form of better-than-expected home sales and durable goods orders. However, all is not well in Mudville, as significant … Continue reading

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Northern California Accelerates Through 2012Q2

Strong expansion and wealth generation by Silicon Valley’s high tech industries is revitalizing the Northern California economy. Payroll job growth for the combined region outperformed the U.S. average through the second quarter of 2012, bringing the unemployment rate down to … Continue reading

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Southern California at Critical Crossroads

The Southern California economy has shown sporadic growth over the past year, sitting at the juncture of several positive and negative economic trends.  Good news comes from LAX where air passenger traffic in June was up two percent from a  … Continue reading

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Auto Industry Stability Buffers Detroit

The Detroit metro area economy has benefitted from a stabilized domestic auto industry, propped up by the post-recession rebound in U.S. auto sales.  Auto sales have increased from a low annual rate of just 9.0 million units in February 2009 … Continue reading

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Central West Michigan Boosted by Auto Production

Central West Michigan’s unemployment rate fell to 6.5 percent for the second quarter of 2012, considerably below the June state-wide rate of 8.6 percent, as well as the July national rate of 8.3 percent.  Although Ann Arbor maintains the lowest … Continue reading

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San Antonio Strong but Exposed to Lower Gas Prices

San Antonio’s labor market saw a year-over-year jobs gain of 5.1 percent in the first quarter of 2012. Although regional job growth moderated to a 1.9 percent annual pace in Q2, San Antonio was still well ahead of average. Healthy … Continue reading

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North Texas Economy Shaky Through Q2, Growth to Resume

Job growth in the Dallas-Fort Worth metroplex stalled in the second quarter of 2012, but is expected to resume in the second half of this year. Contributing to the soft patch was the now-resolved strike at Lockheed Martin in Fort … Continue reading

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Houston Still Energized

Houston is the fastest growing major metropolitan area in the U.S. in terms of payroll job creation, up 3.4 percent on a year-to-year basis this June.  As the center of the global petroleum industry, Houston has benefitted from sustained high … Continue reading

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High Tech Drives Austin

After trending around 7.0 percent annually from 2009-2011, the Austin unemployment rate fell to 5.9 percent as of June.  Austin’s June unemployment rate is 2.4 percentage points below the July national rate of 8.3 percent.  The region’s thriving tech sector … Continue reading

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Comerica Economic Weekly

This week’s bumper crop of data was a mixed harvest with generally better news but also some worser[sic] news. The Leading Economic Index for July increased by 0.4 percent, boosted by the surge in residential building permits for the month. … Continue reading

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