Tag Archives: outlook

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

Florida Labor Market Draws in Workers

Strong job growth in Florida continues to boost overall economic activity and draw people into the state. The state’s payroll jobs increased by 3.5 percent in 2015, well above the overall U.S. pace of 2.1 percent. Momentum continued into 2016 … Continue reading

Posted in Florida Outlook, General, State Outlooks | Tagged , | Comments Off on Florida Labor Market Draws in Workers

Arizona’s Ties to the U.S. Consumer

The Arizona economy is expected to rebound in the second half of 2016. Real gross domestic product registered a relatively strong first quarter at 2.6 percent, but most likely took a leg down in the second quarter on weaker job … Continue reading

Posted in Arizona Outlook, General, State Outlooks | Tagged , | Comments Off on Arizona’s Ties to the U.S. Consumer

Texas Economy Enters Critical Period in 2016H2

The Texas economy is entering a critical period in the second half of 2016 as the downdraft from the energy sector reset continues to roll through the state. Fortunately, to date, the drag on the overall state economy from reduced … Continue reading

Posted in General, State Outlooks, Texas Outlook | Tagged , | Comments Off on Texas Economy Enters Critical Period in 2016H2

Steady Michigan

Job growth in Michigan has been steady after allowing for the occasional bump, as occurred in May. In that month, state employment dipped by 20,400 jobs, contributing to a weak month for overall U.S. job growth. Like the U.S. numbers, … Continue reading

Posted in General, Michigan Outlook, State Outlooks | Tagged , | Comments Off on Steady Michigan

California Economy Buffeted by External Forces

The California economy headed into the latter half of 2016 with some momentum, after weathering a volatile start to the year. Even as tech-stocks lost value early in the year, California real GDP still grew at 2.0 percent in the … Continue reading

Posted in California Outlook, General, State Outlooks | Tagged , | Comments Off on California Economy Buffeted by External Forces