Monthly Archives: September 2013

Southern California Economy Improves Yet Faces Sequester Uncertainties

Southern California labor markets are underperforming the national average. Payroll employment growth dropped to 1.5 percent from a year ago in Q2, slightly below the national average of 1.6 percent. July payroll employments in the 3 metropolitan areas that comprise … Continue reading

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Posted in Regional Updates, Southern California | Comments Off

Northern California Growth Eased in 2013H1

The Northern California economy remains vibrant, fueled by Silicon Valley and rapidly tightening real estate markets. However, payroll employment growth cooled in in the first half of 2013.  Year-over-year payroll job growth was very strong at 3.6 percent in 2012Q4. … Continue reading

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Comerica Bank’s Florida Index Unchanged in June

Comerica Bank’s Florida Economic Activity Index remained stable in June, at a level of 120.0. June’s index reading is 39 points, or 49 percent, above the index cyclical low of 80.6. The index averaged 105 in 2012, 10 points above … Continue reading

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Comerica Bank’s Arizona Index Up in June

Comerica Bank’s Arizona Economic Activity Index showed a small improvement in June, rising 0.1 percentage points to a level of 96.6. June’s index reading is 25.3 points, or 35 percent, above the index cyclical low of 71.3. The index averaged … Continue reading

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Comerica Economic Weekly

Quirky August labor data should not prevent the Federal Open Market Committee from voting to dial down QE3 on September 18. Fed officials remain noncommittal, so a September 18th announcement of the beginning of the end of QE3 is still … Continue reading

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August U.S. Employment

Quirky August Jobs Report Shows July Clunker, Unemployment Rate Falls to 7.3 Percent The August Payroll Employment Survey showed a weaker-than-expected gain of 169,000 jobs. The Unemployment Rate for August decreased to 7.3 percent. Average Weekly Hours ticked up for … Continue reading

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Detroit Job Growth Weak While Home Values Grow

Detroit metro-area payroll employment growth was weak in the first half of 2013, while the unemployment rate continued to drop. Payroll employment grew at 0.6 percent year over year in 2013Q1 and 0.5 in 2013Q2. Current year-over-year job growth is … Continue reading

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Central West Michigan Outlook Moderately Positive

Labor and income data for Central West Michigan were mixed in Q2. Payroll employment was up 1.3 percent year over year in Q2. Household employment increased, yet was outpaced by growth of the labor force resulting in an uptick in … Continue reading

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Austin Home Prices Going Up and Google’s Coming to Town

The Austin area received mixed jobs news in the first half of 2013. Of the 100 most populous metropolitan areas in the nation, Houston, Dallas, and Austin are in the top 10 for highest year over year percent change in … Continue reading

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Posted in Austin, Regional Updates | Comments Off

San Antonio Growing but Cooler

Payroll employment growth in the San Antonio metro area is easing off its previously robust rate. Year over year growth eased in the first half of 2013 from its four-and-a-half year high of 2.6 percent in 2012Q4. The payroll employment … Continue reading

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