Category Archives: State Outlooks

Category page for State Economic Outlooks

Arizona’s Story: A Lagging Economy

While a lagging economy may sound like a bad thing, in the case of Arizona there may be a silver lining. Arizona has not seen consistent real GDP growth above 2 percent since 2007. Previous economic expansions in the state … Continue reading

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Florida Economy to Remain Strong

Our expectations for the Florida economy through 2018 remain positive, supported by solid recent performance. Job growth for the state was up 2.9 percent for the year ending in June. Recent job gains helped push Florida’s unemployment rate down to … Continue reading

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The California Economy Looks to Rebound After a Rocky Start to 2017

California economic activity slowed in the first half of 2017. The recently released official Bureau of Economic Analysis real gross domestic product for California came in well below expectations, eking out a barely positive 0.1 percent for the first quarter … Continue reading

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The Oil Wave Reflated Texas, Now Leveling Off

The Texas economy has turned back to consistent expansion after limping through 2015 and the first half of 2016. Net monthly job growth statewide has been positive and strong every month since July 2016. Through the first seven months of … Continue reading

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Even With Cooler Job Growth Labor Supply is Constrained for Michigan

This is a very exciting time in Michigan’s important auto sector as new technology is developed and delivered. However, it is also a very challenging time as U.S. auto sales drift down after a very strong year in 2016. Fortunately, … Continue reading

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Arizona Economy On Positive Course Despite Q1 Slow Down

Revised Arizona payroll employment data were mixed. Starting with the positive, the Bureau of Labor Statistics annual revision indicated that Arizona added 69,700 jobs last year. This is twice the amount of jobs in 2016 than the original data implied. … Continue reading

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Florida Economy Maintains Momentum in Early 2017

The Florida economy is on pace to expand in the first half of 2017 as state real gross domestic product growth improves, boosted by strong job and income growth. Construction employment alone, which is the third largest labor sector after … Continue reading

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California’s Aging Business Cycle and Trumponomics

The story for the California economy, now in its seventh year of economic expansion since the Great Recession, has remained relatively consistent over the past few years. The state is showing signs that it is maturing later into the economic … Continue reading

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Michigan to Benefit from Automaker Investment

Michigan economy is at a crossroads. The economic recovery fueled by the rebounding auto sector has been a tremendous positive for the state, but that is largely played out. We expect auto sales in 2017 to step down from the … Continue reading

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More Evidence of a Turn in the Texas Economy

For the first time since the first quarter of 2015, Texas put together back-to-back quarters of positive state-level real GDP growth in the second half of 2016. We expect the string of real gains to state gross domestic product to … Continue reading

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