Daily Archives: December 6, 2012

Phoenix Recovery Advances, but Downside Risks Lurk

Posted on December 6, 2012 by Comerica Economics

Improvement in Phoenix’s unemployment rate stalled in the third quarter, at a flat 7.2 percent. Although stationary, Phoenix unemployment is 0.9 percent below the national rate for Q3. Payroll job growth in Phoenix continues to outpace that of the nation, … Continue reading →

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Posted in Arizona, Phoenix, Quarterly Briefs, Regional Updates | Comments Off

Southern California Improving, But Still Lagging

Posted on December 6, 2012 by Comerica Economics

The Southern California economy is showing signs of improving, as payroll jobs increase and housing markets slowly heal. We emphasize the slowly in the previous sentence because the region remains plagued by high but improving foreclosure rates, especially in inland … Continue reading →

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

Northern California Finishes 2012 with Momentum

Posted on December 6, 2012 by Comerica Economics

Job growth in the San Francisco and San Jose metro areas remains strong, driven by a robust high tech sector and a recovering housing market. On a year-to-year basis payroll employment in the San Francisco metro area was up 2.7 … Continue reading →

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