Tag Archives: economy

Comerica Bank’s Texas Index Expands in November

Comerica Bank’s Texas Economic Activity Index increased 2.4 percentage points in November to a level of 109.9. The November reading is 38 points, or 53 percent, above the index cyclical low of 71.6. The index averaged 102 points for all … Continue reading

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Comerica Bank’s Michigan Index Eased in November

Comerica Bank’s Michigan Economic Activity Index decreased slightly in November, down 0.2 percentage point to a level of 131.4. November’s reading is 59 points, or 82 percent, above the index cyclical low of 72.1. The index averaged 114 for all … Continue reading

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Comerica Economic Weekly

Economic data for the end of 2013 are generally consistent with the view that the economy will gradually pick up momentum in 2014. A key outlier in the data stream was the December jobs report, which showed a meager gain … Continue reading

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Into the Weeds: A look at Two Obscure Labor Market Indicators

Assessing the health of the U.S. labor market is an important concern of economists and policy makers. The Great Recession cut household employment by 8.6 million jobs from November 2007 to December 2009.  Since the nadir, we have gained back … Continue reading

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Comerica Economic Weekly

Like a polar vortex, the official December jobs report from the Bureau of Labor Statistics puts a big chill on our previously sanguine economic outlook. Payroll jobs increased by just 74,000 in December. Countering some of the December freeze, November … Continue reading

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Comerica Economic Weekly

Economic data from the end of 2013 support a cautiously optimistic view of 2014. The U.S. economy shows evidence of a continued virtuous cycle. House prices are still going up. Home builders picked up the pace late last year. Consumer … Continue reading

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Comerica Economic Weekly

It was a big week for non-metrical economic data. A federal budget deal is in the works. The House of Representatives voted 332-94 to approve the budget deal proposed by Wisconsin Republican Paul Ryan and Washington Democrat Patty Murray. The … Continue reading

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Better Data Nudge Fed Closer to Taper, A Budget Deal Would Make it Easier

Recent U.S. economic data has generally been stronger than expected. Payroll jobs increased by 203,000 in November, following a 200,000 job gain in October. The separate household employment survey, which took a 735,000 job dive in October because of the … Continue reading

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Comerica Economic Weekly

Better-than-expected economic data is causing financial market jitters as investors ponder the increasing likelihood of a QE taper within the next few months. Payroll jobs increased by 203,000 in November, following a 200,000 job gain in October. The unemployment rate … Continue reading

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Comerica Bank’s California Index Gains in September

Comerica Bank’s California Economic Activity Index improved in September, increasing 0.5 percentage points to a level of 105.5. September’s reading is 33 points, or 45 percent, above the index cyclical low of 72.7. The index averaged 101 points for all … Continue reading

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