Monthly Archives: January 2014

Comerica Economic Weekly

A full plate of economic data this week supports our cautiously optimistic outlook for 2014. As expected, the Federal Open Market Committee voted on Wednesday to taper their program of asset purchases by another $10 billion, to a monthly total … Continue reading

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Comerica Bank’s Florida Index Advances in November

Comerica Bank’s Florida Economic Activity Index increased 2.1 percentage points in November, to a level of 118.0. November’s index reading is 37 points, or 46 percent, above the index cyclical low of 80.6. The index averaged 105 in 2012, 10 … Continue reading

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Comerica Bank’s Arizona Index Improves in November

Comerica Bank’s Arizona Economic Activity Index grew in November, up 1.0 percentage point to a level of 95.9. November’s index reading is 25 points, or 35 percent, above the index cyclical low of 71.3. The index averaged 87.1 points for … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. economic data. The Conference Board’s Leading Economic Index gained just 0.1 percent in December. The interest rate spread between 10-year Treasury bonds and the fed funds rate continues to keep the index in … Continue reading

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Comerica Bank’s California Index Climbs in November

Comerica Bank’s California Economic Activity Index improved in November, increasing 2.0 percentage points to a level of 109.1. November’s reading is 36 points, or 50 percent, above the index cyclical low of 72.7. The index averaged 101 points for all … Continue reading

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Comerica Bank’s Texas Index Expands in November

Comerica Bank’s Texas Economic Activity Index increased 2.4 percentage points in November to a level of 109.9. The November reading is 38 points, or 53 percent, above the index cyclical low of 71.6. The index averaged 102 points for all … Continue reading

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Comerica Bank’s Michigan Index Eased in November

Comerica Bank’s Michigan Economic Activity Index decreased slightly in November, down 0.2 percentage point to a level of 131.4. November’s reading is 59 points, or 82 percent, above the index cyclical low of 72.1. The index averaged 114 for all … Continue reading

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Comerica Economic Weekly

Economic data for the end of 2013 are generally consistent with the view that the economy will gradually pick up momentum in 2014. A key outlier in the data stream was the December jobs report, which showed a meager gain … Continue reading

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Into the Weeds: A look at Two Obscure Labor Market Indicators

Assessing the health of the U.S. labor market is an important concern of economists and policy makers. The Great Recession cut household employment by 8.6 million jobs from November 2007 to December 2009.  Since the nadir, we have gained back … Continue reading

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Comerica Economic Weekly

Like a polar vortex, the official December jobs report from the Bureau of Labor Statistics puts a big chill on our previously sanguine economic outlook. Payroll jobs increased by just 74,000 in December. Countering some of the December freeze, November … Continue reading

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