Category Archives: State Outlooks

Category page for State Economic Outlooks

Arizona’s Economy Will Catch a Tailwind

Recently released data from the Census Bureau indicate that net migration into Arizona has been stronger than previously estimated. This is a positive sign for the state’s private services and housing sector activity outlook for 2017. An increasing population has … Continue reading

Posted in Arizona Outlook, General, State Outlooks | Tagged , | Comments Off on Arizona’s Economy Will Catch a Tailwind

Florida’s Virtuous Cycle and Real Estate Leasing Headwinds

Most of the underlying fundamentals of the Florida economy remained positive heading into the start of 2017. Driving the state’s economy is the virtuous cycle of job growth and population gains seen over the past few years. Florida employment was … Continue reading

Posted in Florida Outlook, General, State Outlooks | Tagged , | Comments Off on Florida’s Virtuous Cycle and Real Estate Leasing Headwinds

Persistent Risks to California Manufacturing Employment

California employment growth moderated in 2016. Employment data showed that California total nonfarm payrolls were up by 2.0 percent, or 332,500 jobs, in the 12 months ending in December. The first read on full-year 2016 California jobs numbers is positive, … Continue reading

Posted in California Outlook, General, State Outlooks | Tagged , | Comments Off on Persistent Risks to California Manufacturing Employment

Texas Is Turning the Corner, But It will Be a Slow Turn

Texas narrowly missed a technical recession over 2015 and 2016 as real state gross domestic product declined every other quarter from 2015Q2 through 2016Q2 (we define a technical recession as two or more consecutive quarters of declining real GDP). Moreover, … Continue reading

Posted in General, State Outlooks, Texas Outlook | Tagged , | Comments Off on Texas Is Turning the Corner, But It will Be a Slow Turn

Michigan to Benefit from Automaker Investment

The Michigan economy is much more than just autos and other durable goods manufacturing, but the auto sector still drives the state economy. Recent announcements of new investments in the state by automakers is good news for Michigan, but risks … Continue reading

Posted in General, Michigan Outlook, State Outlooks | Tagged , | Comments Off on Michigan to Benefit from Automaker Investment

Florida Economy Gains Momentum Heading into 2017

The Florida economy continues to run hot in the second half of 2016, supported by an acceleration in employment growth in the third quarter. Employment growth for most major Florida metro areas continues to outpace the national average and gains … Continue reading

Posted in Florida Outlook, General, State Outlooks | Tagged , | Comments Off on Florida Economy Gains Momentum Heading into 2017

Arizona Addresses Poverty and Education

Arizona’s economic rebound in the second half of the year has been more muted than originally thought. Arizona job growth continues to move in the right direction, but recent data has us dialing back our expectations for next year. Construction … Continue reading

Posted in Arizona Outlook, General, State Outlooks | Tagged , | Comments Off on Arizona Addresses Poverty and Education

Navigating California Growth into 2017

After a rocky start to 2016, the California economy has picked up momentum in the second half of the year. Stronger job prospects have drawn people into the state labor force at levels not seen in over a decade. California … Continue reading

Posted in California Outlook, General, State Outlooks | Tagged , | Comments Off on Navigating California Growth into 2017

Firmer Oil Prices Help Texas, But Recovery in Houston Will Be Slow

The price for West Texas Intermediate crude oil appears to be stabilizing in the range of $45 to $50 per barrel, providing a floor for drilling activity in Texas. The rig count for the state has bounced off the mid-May … Continue reading

Posted in General, State Outlooks, Texas Outlook | Tagged , | Comments Off on Firmer Oil Prices Help Texas, But Recovery in Houston Will Be Slow

Michigan Growth to Ease as Short-Term and Long-Term Drags Align

A key challenge in describing and forecasting the current Michigan economy is how to make comparisons relative to pre-recession performance. The reason for the difficulty is that Michigan did not “just” have to endure the Great Recession of 2007/08. The … Continue reading

Posted in General, Michigan Outlook, State Outlooks | Tagged , | Comments Off on Michigan Growth to Ease as Short-Term and Long-Term Drags Align