Monthly Archives: February 2015

Southern California and Port Negotiations

Increased congestion at the Ports of Los Angeles and Long Beach is disrupting normal supply chains. Companies importing goods have to make the decision between suspending manufacturing operations, diverting shipments to Gulf and East coast ports, or using more expensive … Continue reading

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Northern California Faces Trade and Housing Headwinds

Northern California labor markets are heading into 2015 with strong momentum. The region added another 104,000 nonfarm payrolls in the 12 months ending in December 2014. The area’s labor force gained a net 85,000 participants last year, its highest annual … Continue reading

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San Antonio’s Economy To Cool as Energy Sector Consolidates

The San Antonio economy will feel the drag from a consolidating energy sector this year. Oil field activity is slowing down in the Eagle Ford basin due to the decline in oil and natural gas prices that began at mid-year … Continue reading

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North Texas Continues to Prosper, But Lower Oil Prices Will Weigh on Growth

The North Texas economy finished 2014 strongly, with December payroll jobs up 4.4 percent over the previous 12 months. The metro area unemployment rate was down to 4.6 percent in December and is expected to continue to fall through 2015. … Continue reading

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Austin’s Economy Still Strong

The Austin metropolitan area consistently outpaced U.S. job growth for most of the last 25 years. The key exception was during the aftermath of the 2001 recession, the so-called “jobless recovery,” when Austin underperformed. Recently, payroll job growth in Austin … Continue reading

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Houston Feels the Drag from Lower Oil Prices

The Houston economy is showing more evidence that lower oil prices will be a significant drag in 2015. There is still a gap between official data and anecdotal reports of cooling conditions. Over the next few months we expect to … Continue reading

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Miami Set for Growth

Miami saw a record year for real estate in 2014. Single-family home sales saw their highest number ever recorded on an annual basis, while condos sold the second-highest number on record. Miami consumers are feeling confident and are aware of … Continue reading

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January Residential Construction, Producer Prices, Industrial Production

Home Construction Snowed In, Producer Prices Falling, Production Warmed Up January Housing Starts fell by 2.0 percent to a 1,065,000 unit annual rate. Permits for new residential construction dipped in January by 0.7 percent to a 1,053,000 unit pace. The … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data, dominated by a weak retail sales report. Retail sales this winter sagged under the weight of falling gasoline prices, but that is not all to the story. Even non-gasoline sales have been … Continue reading

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January Retail Sales, December Inventories, February UI Claims

Job Gains and Cheap Gasoline Were Not Enough to Spur Sales January Retail Sales decreased by 0.8 percent, as non-gasoline categories slumped. Ex-auto Retail Sales fell by 0.9 percent. Business Inventories for December were up by 0.1 percent. Initial Claims … Continue reading

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