Monthly Archives: February 2013

Lower Natural Gas Prices Temper San Antonio’s Outlook

Job growth in San Antonio slowed to an annualized rate of 1.3 percent in Q4, following a 5.1 percent spike in payrolls in the first quarter of the year. The San Antonio labor market’s second half performance brought the area’s … Continue reading

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Posted in Regional Updates, San Antonio | Comments Off

North Texas Economy Strong But Exposed to Fiscal Tightening

Job growth in the Dallas-Fort Worth metroplex through the 12 months ending in December was strong, up 2.5 percent compared with the U.S. average of 1.6 percent. As a result, the area’s unemployment rate is falling faster than the national … Continue reading

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Posted in Dallas, Regional Updates | Comments Off

Vibrant Silicon Hills Spurs the Austin Economy

The Austin labor market closed out 2012 with an impressive five percent annualized gain in Q4, driven by a robust local tech sector. Unemployment averaged 5.2 percent for the quarter, 2.6 percentage points below the national rate during the same … Continue reading

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Posted in Austin, Regional Updates | Comments Off

Houston Economy Still Growing and Broadening

The Houston metro area continues to be a major engine of growth for the U.S. economy. Job creation over the 12 months  ending in December was very strong, with payroll employment up 3.1 percent compared with the U.S. average of … Continue reading

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Posted in Houston, Regional Updates | Comments Off

Detroit Payrolls Slip as Financial Crisis Worsens

After outpacing the national average through 2010 and 2011, payroll job growth in the Detroit metro area has slipped into reverse. Since hitting a post-recession peak of 1,811,700 jobs in August 2012, about 15,000 jobs have been lost on net … Continue reading

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Posted in Detroit, Regional Updates | Comments Off

Central West Michigan Economy Lost Steam Heading into 2013

Following a slight decline in employment in the third quarter, payrolls fell by another 2.1 percent annualized in the fourth quarter in the Central West Michigan region. A revitalized auto manufacturing sector helped boost employment across the region in the … Continue reading

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Posted in Central West Michigan, Regional Updates | Comments Off

Comerica Economic Weekly

             Data through mid-February are consistent with ongoing modest-to-moderate real GDP expansion in Q1 in the range of 1.5 to 2.0 percent annualized. The interpretation of January retail sales is mixed. Because retail sales last October, at the start of … Continue reading

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Posted in United States, Weekly | Comments Off

January Industrial Production, February Consumer Sentiment, UI Claims

Mixed Data Consistent with Modest-to-Moderate Expansion in Q1 Industrial Production for January decreased by 0.1 percent as motor vehicle output dipped. University of Michigan Consumer Sentiment increased in early February to 76.3. Initial Claims for Unemployment Insurance fell by 24,000 … Continue reading

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Posted in Daily, United States | Comments Off

January Retail Sales, NFIB Survey, December JOLTS

Consumers Off to a Sluggish Start for Q1, Taxes Matter January Retail Sales increased by just 0.1 percent as consumers adjusted to higher taxes. Ex-auto Retail Sales gained 0.2 percent as general merchandise stores gained 1.1 percent. The NFIB Business … Continue reading

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Posted in Daily, United States | Tagged , , , | Comments Off

Comerica Economic Weekly

It was a light week for economic data with nothing to dispel the fog that has settled over the current quarter as  we wait to see how consumers react to fiscal tightening. Strong income growth in December due to tax-avoidance … Continue reading

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Posted in United States, Weekly | Tagged , , | Comments Off