Bank of the West US Outlook Report for January 16, 2015 After a string of better than expected economic indicators from third quarter GDP, December employment, and broadly improving small business sentiment, the retail sales decline of 0.9 percent in December was a disappointment. On an annualized basis, retail sales, excluding vehicles and parts, declined […]
Continue ReadingAssociated Press: Port of Oakland reached all-time high in cargo volume 2014 — The Port of Oakland has reached an all-time high in cargo volume thanks to a stronger U.S. demand for Asian goods and because busy ports in Southern California have diverted some of their cargo north to Oakland.
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary – U.S Review Finishing the Year Strong Annual payroll gains in 2014 were the strongest since 1999. Growth was broad-based across industries, but the labor force and average hourly earnings declined in December. Data from the factory sector continue to send mixed signals, with factory orders dropping for the […]
Continue ReadingBank of the West US Outlook Report for January 9, 2015 With recent sharp swings in oil, foreign exchange, and equity markets, it appears the markets are trying to tell us something. But what? In this week’s outlook report we focus on three themes the markets have fixated on: the drop in oil, the appreciation […]
Continue ReadingInstant Analysis of Today’s Employment Report for December Job Creation Solid in December; +252K vs. Consensus Exp. +240K Nearly 3.0 Million Net New Jobs Created in 2014 October and November Job Numbers Revised Up a Net +50K Unemployment Rate Falls 0.2% to 5.6% as Labor Force Contracts Job Growth in All Major Sectors Business Services […]
Continue ReadingAn editorial authored by former California Governors George Deukmejian, Pete Wilson and Gray Davis , titled “How to fix California’s economy: Regulation, legislation and education” was published in the Los Angeles Times on January 5, 2015 The Op-Ed highlights current conditions in our regional economy including a drop in median household income and the disappearance of middle […]
Continue ReadingLOGIN CREATE AN ACCOUNT January 2015 California Exports Stumble But 2014 Still On Track To Be A Record Year Weak global economies and a stronger US dollar put a dent in California exports in the latest numbers. Nevertheless, year-to-date, the state remains on course to achieve its best export year ever. Read Full Analysis […]
Continue ReadingP R E S S R E L E A S E FOR IMMEDIATE RELEASE New Saturday/Sunday Gates Ease Some Pressure on Port of Oakland Cargo Buildup More than 1,000 U.S. import containers move out every weekend Oakland, Calif. – Jan. 5, 2014 – New Saturday and Sunday gates are putting a dent in an […]
Continue ReadingThe Seattle Times: Editorial: Port operations must get back to full speed
Continue ReadingTime to Pop the Champagne or Put a Cork in It? Third-quarter GDP was revised upward to a 5.0 percent annualized pace, the strongest clip in 11 years. The upward revision stemmed largely from better consumer spending. Consumer spending looks to be continuing at a decent pace in the fourth quarter. Personal spending rose 0.6 […]
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