Monthly Archives: March 2013

U.S. Economy Maintains Momentum As Fiscal Headwinds Increase

The federal spending sequester took effect March 1. The $85 billion reduction in federal defense and nondefense discretionary spending for FY2013 is expected to exert about a 0.6 percent drag on real GDP growth for 2013. This adds to the … Continue reading

Posted in Monthly, United States | Tagged , , | Comments Off on U.S. Economy Maintains Momentum As Fiscal Headwinds Increase

Comerica Economic Weekly

Labor market data for February was better than expected. The official Bureau of Labor Statistics report showed a solid gain of 236,000 payroll jobs for the month.   Job growth was broad-based, however, the government sector was a drain, subtracting 10,000 … Continue reading

Posted in United States, Weekly | Comments Off on Comerica Economic Weekly

February U.S. Employment

                                         Solid Hiring is the Antidote to Fiscal Tightening The February Payroll Employment Survey showed a solid gain of 236,000 jobs, beating expectations. The Unemployment Rate for February decreased to 7.7 percent, the lowest since December 2008. Average Weekly Hours … Continue reading

Posted in North Texas, United States | Tagged , , , | Comments Off on February U.S. Employment

January International Trade, February ADP, March UI Claims

                              Trade Gap Widens as Exports Cool, Labor Data Is Positive The U.S. International Trade Gap widened in January to -$44.4 billion as exports cooled. Private Nonfarm Employment increased by 198,000 jobs in February according to the ADP survey. Initial … Continue reading

Posted in Daily, United States | Comments Off on January International Trade, February ADP, March UI Claims

Comerica Economic Weekly

Housing related data continues to be positive. The Case-Shiller 20-City House Price Index for December shows that almost all major metro areas tracked saw consistent gains in house prices at the end of 2012. The 20-city composite index was up … Continue reading

Posted in United States, Weekly | Comments Off on Comerica Economic Weekly