Monthly Archives: May 2014

Comerica Economic Weekly

This analysis covers this week’s U.S. economic data through Thursday, May 29. We are not including Friday’s release of April income and spending data. The most eye-catching data event of the week was the widely anticipated downward revision to 2014Q1 … Continue reading

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The Detroit Metro Area Is Losing Jobs

The official count of payroll jobs in the Detroit MSA has not only stalled, it has trended down over the last 10 months. Detroit MSA payroll employment hit a local peak of 1,867,100 in June 2013. By this April almost … Continue reading

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Central West Michigan Continues to Grow Moderately

The Central West Michigan (CWM) region, with auto, manufacturing, services, and furniture industries as the major drivers of the economy, comprises about 24 percent of the total nonfarm payroll jobs in Michigan.  In 2014Q1 CWM added a net of 4,400 … Continue reading

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Southern California, Recovering and Transforming

Transformation is occurring in downtown Los Angeles with a number of mega-development projects underway or on the drawing boards. Greenland U.S. Holding Inc. broke ground this year on the first phase of the mega-project named Metropolis. The $1 billion project … Continue reading

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Northern California, Looking Frothy

Some Northern California price metrics are looking frothy. Home price growth is strong, yet unsustainable. According to the Case-Shiller Home Price Index, San Francisco year-over-year single-family house price growth remained above 20 percent from March 2013 to March 2014. House … Continue reading

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Miami Benefits from the Cold Winter and Improving Economic Outlook

Snowbirds flocked to Miami’s beautiful beaches in order to thaw out from this winter’s unusually cold weather. Miami’s warm weather drew in more domestic tourism in the first part of 2014, with total domestic passenger deplanements at Miami International Airport … Continue reading

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Phoenix Ongoing Economic Development

Whether it’s the $136 million University of Arizona medical research building in downtown Phoenix or the 10-story office building in Tempe, economic development continues to be an integral part of the long-term strategy for the Phoenix Metropolitan Statistical Area (MSA). … Continue reading

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San Antonio Maintains Robust Economic Outlook

San Antonio, the staging point for the Eagle Ford Shale development, comprises about 8.0 percent of the total nonfarm payroll jobs in the entire state of Texas. In the first quarter of 2014, San Antonio added a net of 4,400 … Continue reading

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A Robust North Texas Economy

Over the year ending this April, the Dallas-Fort Worth-Arlington metro area added 106,800 payroll jobs, the equivalent of a moderately-sized city. Strong job growth has lowered the unemployment rate for the area to 5.4 percent as of March, well below … Continue reading

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Houston Continues to Roll

The Houston metro area economy continues to be fueled by strong regional and international energy markets. With rising U.S. exports of petroleum products, the linkage between U.S. and international oil prices is strengthening, keeping the pressure on U.S. production and … Continue reading

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