Monthly Archives: December 2013

Miami Economy Set to Improve in 2014

Labor market metrics were mixed for the Miami metro area in 2013Q3. Payroll employment grew at a 3.2 annualized rate for the quarter, the highest growth rate seen since 2005Q3. The unemployment rate for the region declined  from 8.4 percent … Continue reading

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Positive Outlook for Phoenix in 2014

The Phoenix economy has turned the corner after suffering a devastating collapse in real estate values.  Metro area economic growth is outpacing the national average and is expected to remain strong in 2014. Phoenix year-over-year payroll employment growth has consistently … Continue reading

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Southern California Continues Recovery Heading Into 2014

Southern California labor markets continue to underperform the national average, yet they are making headway to recovering from the greatest recession since the Great Depression. Payroll employment grew at 1.6 percent from a year ago in October, remaining below the … Continue reading

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Positive Outlook for Northern California

The Northern California economy is expected to show moderate growth next year supported by its strong high-tech sector and improving property markets. Payroll employment recorded its lowest year-over-year growth since 2011Q2, at 1.8 percent in 2013Q3, still slightly above the … Continue reading

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San Antonio’s Economic Outlook Moderately Positive

The San Antonio metro area economy has benefited tremendously from the development of the nearby Eagle-Ford Shale oil and gas reserves. Its economy is driven by a dynamic oil and natural gas industry, diverse manufacturing, financial services, and a proliferating … Continue reading

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North Texas Positioned for Ongoing Growth in 2014

The North Texas economy is showing robust growth supported by three pillars: energy, organic growth and links to the broader U.S. and global economies. Labor markets continue to show strong expansion. Year-over-year payroll job growth of 3.2 percent for the … Continue reading

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Energy Wave Showing Signs of Cresting, Houston Still Strong

The shale boom and subsequent re-emergence of the U.S. as a global leader in petroleum production has placed Houston at the center of rapidly changing global energy markets. The Houston economy has expanded robustly as a result.  Year-over-year payroll job … Continue reading

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Austin Continues to Attract High-Tech

The Austin metro area economy is home to Texas state offices, the University of Texas main campus and to an increasing number of high-tech industries. Austin continues to attract off-state investors into the area because of the favorable business climate. … Continue reading

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Detroit Area Still Expanding But at a Slower Rate

The good news is that the Detroit metro area is still adding jobs. However, job growth in the  Detroit MSA is underperforming the U.S. average. For the 12 months ending in October 2013, Detroit added jobs at a 1.1 percent … Continue reading

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Central West Michigan’s Economy Continues to Improve

Auto-related and furniture manufacturing industries are the mainstays of the Central West Michigan economy. Healthcare, biotechnology, higher education, and high-tech industries also contribute tremendously to the region’s economy. Out of more than 82,700 manufacturing jobs created in the state of … Continue reading

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