Category Archives: Regional Updates

Phoenix Recovery Advances, but Downside Risks Lurk

Posted on December 6, 2012 by Comerica Economics

Improvement in Phoenix’s unemployment rate stalled in the third quarter, at a flat 7.2 percent. Although stationary, Phoenix unemployment is 0.9 percent below the national rate for Q3. Payroll job growth in Phoenix continues to outpace that of the nation, … Continue reading →

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

Southern California Improving, But Still Lagging

Posted on December 6, 2012 by Comerica Economics

The Southern California economy is showing signs of improving, as payroll jobs increase and housing markets slowly heal. We emphasize the slowly in the previous sentence because the region remains plagued by high but improving foreclosure rates, especially in inland … Continue reading →

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

Northern California Finishes 2012 with Momentum

Posted on December 6, 2012 by Comerica Economics

Job growth in the San Francisco and San Jose metro areas remains strong, driven by a robust high tech sector and a recovering housing market. On a year-to-year basis payroll employment in the San Francisco metro area was up 2.7 … Continue reading →

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

Miami Real Estate Markets Expected to Firm Up in 2013

Posted on December 5, 2012 by Comerica Economics

After spiking at the end of 2011, Miami payrolls have declined for the last two quarters. Miami job growth is expected to be just 0.6 percent for full-year 2012, well-below the nationally forecast rate of 1.4 percent. Miami’s unemployment rate … Continue reading →

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

Detroit Stabilizes After Auto Bounce

Posted on December 5, 2012 by Comerica Economics

Job growth in the Detroit metro area is easing in late 2012 after beating the U.S. average through 2011. On a year-ago basis, payroll jobs in Detroit were up 0.4 percent in October, compared with 1.5 percent for the U.S. … Continue reading →

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Central West Michigan Supported by Vibrant Ann Arbor

Posted on December 5, 2012 by Comerica Economics

Improvement in Central West Michigan’s unemployment rate stalled in the third quarter, as unemployment rose 0.2 percentage points to 6.7 percent. Even so, the region’s unemployment rate remains well-below the September state level of 8.2 percent. Ann Arbor maintains the … Continue reading →

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Posted in Central West Michigan, Michigan, Quarterly Briefs, Regional Updates | Comments Off

San Antonio Outlook Moderates on Lower Gas Prices

Posted on December 4, 2012 by Comerica Economics

Labor market growth in San Antonio eased to a an average 1.9 percent annualized rate in Q2 and Q3, following a 5.1 percent spike in payrolls in the first quarter of the year. Even so, San Antonio remains well above … Continue reading →

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

North Texas Economy Solid Heading Into Year-End

Posted on December 4, 2012 by Comerica Economics

Job growth in the Dallas-Fort Worth metroplex remained well above the U.S. average at the start of the fourth quarter. In October North Texas posted 2.3 percent year-over-year job growth, while the U.S. average stood at 1.5 percent. In another … Continue reading →

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

Tech Boom Amps Austin Economy

Posted on December 4, 2012 by Comerica Economics

Austin’s labor market continued to expand through the third quarter of 2012, driven by a robust local tech sector. The unemployment rate in Austin averaged 5.9 percent in Q3, 2.2 percentage points below the national rate during the same period. … Continue reading →

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

Phoenix Rebounding on High Tech Manufacturing

Posted on August 27, 2012 by Comerica Economics

Phoenix’s unemployment continued to drop in the second quarter, down to 7.2 percent. This puts the area’s unemployment rate well-below the July national rate of 8.3 percent. Payroll job growth in Phoenix has also been outpacing the nation, expected to … Continue reading →

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