Category Archives: Quarterly Briefs

Houston Energy Sector in Consolidation

Houston’s energy sector is consolidating in response to the reset in the global oil market. Drilling, engineering and service companies are reducing operating budgets and reducing staff by the thousands. Not only are drilling crews idled, but everything from automobile … Continue reading

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A Downshift in North Texas Job Growth

Following strong job growth from last October through January, payroll job gains have downshifted in North Texas. After adding nearly 11,000 jobs per month in 2014, only 2,800 jobs were added to the Dallas-Fort Worth metro area in February. In … Continue reading

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San Antonio’s Growth To Ease on Energy Sector Performance

We are starting to see the broader impact of oil price decline across the San Antonio economy as reflected in the March job numbers. We saw a net decline of 3,400 nonfarm payroll jobs in March 2015 in the metropolitan … Continue reading

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Austin’s Growth To Moderate

The Austin metropolitan area has added more than 162,700 jobs since the end of Great Recession that ended in June 2009. As a result, the unemployment rate declined to 3.3 percent by March 2015. Austin had an extraordinary job creation … Continue reading

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Phoenix Targets Expansion

The Phoenix area’s labor market has yet to see the meteoric gains in employment that it experienced prior to the Great Recession. Total Nonfarm employment is still about a year away from the pre-bust high given current growth. High-paying jobs, … Continue reading

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Southern California Positive Outlook Faces Headwinds

California’s drought, now in its fourth year, is a long-term issue for economic growth for Southern California, if it persists. California Governor Jerry Brown issued an executive order in April to reduce urban water usage by 25 percent statewide. Cuts … Continue reading

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Northern California, Something’s Gotta Give

Northern California labor markets are rapidly tightening, putting additional pressure on business costs and demand for housing. Strong employment growth has driven down the area unemployment rate to 4.3 percent in March. The declining unemployment rate is coinciding with an … Continue reading

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Miami Real Estate Heats Up

Miami area real estate prices shows no sign of relenting. Commercial spaces in Brickell are seeing record sales prices, and home price growth in the area has exceeded eight percent in year-over-year gains since October 2012. The $2 billion mega-development, … Continue reading

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Detroit in Transition

Job growth in the Detroit metro area is moderately above the U.S. average through the first three months of 2015. On a year-ago basis, Detroit added jobs at a 2.4 percent rate in March, while the U.S. as a whole … Continue reading

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Central West Michigan Revving up for Summer

As Michigan emerges from a tough and long winter, the state economy is improving. While the strong dollar has started to hit manufacturers’ export sales, vehicle demand remains firm and near its cyclical high, driving high-paying jobs in the region. … Continue reading

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