Category Archives: General

Comerica Economic Weekly

Economists are still trying to digest the big miss in the May payroll data, when only 38,000 payroll jobs were added for the month. It was a light week for data, but three data releases from this week add to … Continue reading

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June 2016, Comerica U.S. Economic Update

Recent U.S. economic data has generally been positive. The very weak first quarter real GDP growth has been revised up from the initial estimate of 0.5 percent annualized, to 0.8 percent. We expect to see another minor upward revision to … Continue reading

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Comerica Economic Weekly

It was a short but interesting data-intensive week for the U.S. economy, starting out with a positive income and spending report for April and ending with a clunker of a jobs report for May. Income and spending data for April … Continue reading

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May U.S. Employment, April International Trade

Poor May Jobs Report Reduces Likelihood of June 15 Fed Rate Hike May Payroll Employment increased by just 38,000 jobs, the lowest since September 2010. The Unemployment Rate for May fell to 4.7 percent as the labor force declined sharply. … Continue reading

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May ADP Jobs, UI Claims, ISM MF, Auto Sales

Data Shows Better, But Not Great Q2, Maybe Not Enough for Fed in June The May ADP Employment Report showed a gain of 173,000 private-sector jobs. Initial Claims for Unemployment Insurance at the end of May fell by 1,000 to … Continue reading

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Comerica Bank’s Florida Index Unchanged

Comerica Bank’s Florida Economic Activity Index remained unchanged in March, at a level of 152.9. March’s index reading is 75 points, or 96 percent, above the index cyclical low of 78.1. The index averaged 138.0 in 2015, twenty and three-tenths … Continue reading

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Comerica Bank’s Arizona Index Levels-Out

Comerica Bank’s Arizona Economic Activity Index remained essentially flat in March, down by just 0.1 percentage points to a level of 109.7. March’s index reading is 33 points, or 43 percent, above the index cyclical low of 77.0. The index … Continue reading

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Comerica Bank’s California Index Up Slightly

Comerica Bank’s California Economic Activity Index was slightly up in March to a level of 119.8. March’s reading is 36 points, or 42 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all of 2015, … Continue reading

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Comerica Bank’s Michigan Index Flattens as Auto Production Stabilizes

Comerica Bank’s Michigan Economic Activity Index declined in March, down 0.7 percentage points to a level of 127.2. March’s reading is 53 points, or 72 percent, above the index cyclical low of 74.0. The index averaged 124.3 points for all … Continue reading

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Comerica Bank’s Texas Index Shows Slower Rate of Decline

Comerica Bank’s Texas Economic Activity Index declined slightly in March, down 0.2 percentage points to a level of 91.9. March’s reading is 19 points, or 26 percent, above the index cyclical low of 72.8. The index averaged 97.7 points for … Continue reading

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