Category Archives: Regional Updates

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

Posted in Detroit, General, Quarterly Briefs, Regional Updates | Comments Off

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

Posted in General, Phoenix, Quarterly Briefs, Regional Updates | Comments Off

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

Posted in General, Quarterly Briefs, Regional Updates, Southern California | Comments Off

Northern California Faces Trade and Housing Headwinds

Northern California labor markets are heading into 2015 with strong momentum. The region added another 104,000 nonfarm payrolls in the 12 months ending in December 2014. The area’s labor force gained a net 85,000 participants last year, its highest annual … Continue reading

Posted in General, Northern California, Quarterly Briefs, Regional Updates | Comments Off

San Antonio’s Economy To Cool as Energy Sector Consolidates

The San Antonio economy will feel the drag from a consolidating energy sector this year. Oil field activity is slowing down in the Eagle Ford basin due to the decline in oil and natural gas prices that began at mid-year … Continue reading

Posted in General, Quarterly Briefs, Regional Updates, San Antonio | Comments Off

North Texas Continues to Prosper, But Lower Oil Prices Will Weigh on Growth

The North Texas economy finished 2014 strongly, with December payroll jobs up 4.4 percent over the previous 12 months. The metro area unemployment rate was down to 4.6 percent in December and is expected to continue to fall through 2015. … Continue reading

Posted in Dallas, General, Quarterly Briefs, Regional Updates | Comments Off

Austin’s Economy Still Strong

The Austin metropolitan area consistently outpaced U.S. job growth for most of the last 25 years. The key exception was during the aftermath of the 2001 recession, the so-called “jobless recovery,” when Austin underperformed. Recently, payroll job growth in Austin … Continue reading

Posted in Austin, General, Quarterly Briefs, Regional Updates | Comments Off

Houston Feels the Drag from Lower Oil Prices

The Houston economy is showing more evidence that lower oil prices will be a significant drag in 2015. There is still a gap between official data and anecdotal reports of cooling conditions. Over the next few months we expect to … Continue reading

Posted in General, Houston, Quarterly Briefs, Regional Updates | Comments Off

Miami Set for Growth

Miami saw a record year for real estate in 2014. Single-family home sales saw their highest number ever recorded on an annual basis, while condos sold the second-highest number on record. Miami consumers are feeling confident and are aware of … Continue reading

Posted in General, Miami, Quarterly Briefs, Regional Updates | Comments Off

Lower Oil Prices to Boost Southern California

Lower oil prices will support the Southern California economy. West Texas Intermediate spot prices have taken a sharp slide from $102 per barrel in June down to near $55 per barrel in mid-December. Lower oil prices are expected to persist … Continue reading

Posted in General, Quarterly Briefs, Regional Updates, Southern California | Comments Off