Comerica Bank's California Index Declines Sharply in September
Seven of the Index's nine components fell in September. Employment rose, but by a modest 5,300, well below the 65,300 average gain of the first eight months of the year. Continuing claims for unemployment insurance rose for the third consecutive month, suggesting
Housing starts unexpectedly rose for a second consecutive month in September, while house prices fell for the fourth consecutive month and were down 6.8% compared to May. Housing affordability is a longstanding problem in
The Comerica California Economic Activity Index is a monthly composite indicator of state economic activity. The Index provides a wholistic advance view of the state of
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