Category Archives: General

March 2015, Comerica U.S. Economic Update

The U.S. jobs machine remains in high gear. Despite bad weather, 295,000 payroll jobs were added on net in February. Job gains were broad-based but there was a decline in the mining sector of 9,300 jobs, consistent with lower crude … Continue reading

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Comerica Economic Weekly

U.S. economic data from first week of March was generally positive and consistent with an ongoing expansion through the first quarter of the year. The impressive February jobs numbers focused attention back on the Federal Reserve. Despite bad weather, 295,000 … Continue reading

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February U.S. Employment, January International Trade

Despite Bad Weather, Another Strong Month for Job Growth The February Payroll Employment Survey showed a stronger-than-expected gain of 295,000 payroll jobs. The Unemployment Rate for February fell to 5.5 percent. Average Weekly Hours for all employees were steady at … Continue reading

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February ISM Manufacturing, January Income and Construction Spending

Manufacturing Sector Still Expanding but Headwinds are Increasing The ISM Manufacturing Index for February decreased again to a still-positive 52.9 percent. January Personal Income increased by 0.3 percent for the second month in a row. January Personal Consumption Expenditures decreased … Continue reading

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Comerica Economic Weekly

U.S. economic data from the end of February are consistent with an economy that expanded through the winter, but at a slower rate than we saw through the middle of last year. Fourth quarter real GDP growth was revised down … Continue reading

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Comerica Economic Weekly

The short week produced mixed U.S. data. Signs continue to point to a weak, but positive, GDP reading for the first quarter of 2015. Even though the GDP data is seasonally adjusted, we have had a spate of weak Q1 … Continue reading

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Strong Auto Industry Bolsters Detroit

Lower gasoline prices, strong job creation and improving consumer confidence are a potent combination for U.S. auto sales, and that is good news for Detroit. U.S. auto sales look like they are getting close to the top of the cycle, … Continue reading

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Central West Michigan Gains Strength

The significant decline in gasoline prices and gains in house price have boosted consumer confidence all over the nation, especially in Central West Michigan, where the economy is tightly connected with auto industry. Sales of SUVs and light trucks have … Continue reading

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Phoenix Economy Shows Gradual, Sustainable Improvement

The Phoenix metro area ended 2014 with a 2.7 percent increase in total nonfarm employment. Growth occurred in most employment sectors, with particularly pronounced December-over-December changes in professional and business services and education and health services. These two industries alone … Continue reading

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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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