Category Archives: General

Arizona’s Ties to the U.S. Consumer

The Arizona economy is expected to rebound in the second half of 2016. Real gross domestic product registered a relatively strong first quarter at 2.6 percent, but most likely took a leg down in the second quarter on weaker job … Continue reading

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Texas Economy Enters Critical Period in 2016H2

The Texas economy is entering a critical period in the second half of 2016 as the downdraft from the energy sector reset continues to roll through the state. Fortunately, to date, the drag on the overall state economy from reduced … Continue reading

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Steady Michigan

Job growth in Michigan has been steady after allowing for the occasional bump, as occurred in May. In that month, state employment dipped by 20,400 jobs, contributing to a weak month for overall U.S. job growth. Like the U.S. numbers, … Continue reading

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California Economy Buffeted by External Forces

The California economy headed into the latter half of 2016 with some momentum, after weathering a volatile start to the year. Even as tech-stocks lost value early in the year, California real GDP still grew at 2.0 percent in the … Continue reading

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Comerica Economic Weekly

Lower energy prices kept consumer inflation at bay in July as the Consumer Price Index was unchanged. Core CPI (all items less food and energy) increased by 0.1 percent in July, the weakest increase since March. Over the year ending … Continue reading

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July Consumer Prices, Housing Starts, Industrial Production

 Lower Oil Prices Cool Inflation Indicators The July Consumer Price Index was unchanged as energy prices dropped. The July Core CPI increased by 0.1 percent, and was up 2.2 percent over the previous 12 months. Housing Starts for July gained … Continue reading

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Comerica Economic Weekly

U.S. data released this week were mixed on Q3 economic growth. Labor market indicators remain positive this summer. The Job Openings and Labor Turnover report released by the Bureau of Labor Statistics showed that both the job openings rate and … Continue reading

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August 2016, Comerica U.S. Economic Update

The July jobs report put to rest lingering fears of a downshift in U.S. job growth that were amplified by a weak May employment report. A strong 255,000 net new jobs were added to the U.S. economy in July following … Continue reading

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Comerica Economic Weekly

It was a good week for U.S. economic data, showing ongoing support for consumer spending and better manufacturing conditions than we anticipated. July data suggests that the third quarter got off to a good start, despite weaker-than-expected real GDP growth … Continue reading

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July U.S. Employment, June International Trade

Job Growth Bounces Back, +255k for July, Unemployment Rate Steady at 4.9 Percent Payroll Employment increased by 255,000 jobs in July, the second month of strong gains. The Unemployment Rate for July was steady at 4.9 percent. Average Hourly Earnings … Continue reading

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