Category Archives: Quarterly Briefs

San Diego MSA Economy Improves, Gains Seen in Defense-Related Sector

In this issue we are rolling out our new expanded analysis of the Southern California economy. Coverage of Southern California will now include two separate publications of quarterly analysis for the region. The first publication will focus on the San … Continue reading

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Improving Labor Market Boosts Detroit Housing

South East Michigan saw an average 5.9 percent unemployment rate in 2015Q2. While still above the national average, this indicates a relatively healthy labor market for the region. Although the labor force has contracted over the past year, job creation … Continue reading

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Miami Still Bringing the Heat

Real estate remains headline news for the Miami area. Miami Worldcenter, a $2 billion development, will soon break ground despite legal challenges. Mixed-use Brickell City Centre, at just over $1 billion, will see the completions of office and living spaces … Continue reading

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Central West Michigan Benefits from Mid-Cycle Economy

As automobile sales hit cyclical highs, the Central West Michigan labor market is peaking. Since the end of 2009, the unemployment rate for the region has contracted by an average of one-third of one percent every quarter, outpacing the national … Continue reading

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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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