Western Economic Developments

Executive Summary Total nonfarm payroll employment in the Twelfth District grew by 2.6 percent at an annual rate from June to November, a solid pace that was above the corresponding national growth rate of 2.0 percent. Due in part to an ongoing slowdown in manufacturing activity, employment growth in most of the District slowed somewhat […]

Executive Summary The Twelfth District economy grew at a solid pace during the third quarter, although growth has slowed from earlier in the year. Payroll employment expanded by 2.3 percent at an annual rate during the three months ending in September, with a number of sectors posting solid growth. District growth continued to outpace national […]

Executive Summary The Twelfth District economy grew at a solid pace in recent months, although growth has slowed from earlier in the year. Payroll employment expanded by 2.3 percent at an annual rate during June through August, well below the 3.7 percent annual pace for 1997. Despite the recent slowdown, employment in the district is […]

Executive Summary The Twelfth District economy grew at a strong pace during the first half of 1998, with virtually no slowing between the first and second quarters. However, employment growth so far this year has been slower than last year. Faster growth in California and Washington during the second quarter was offset by slowing in […]

Executive Summary The level of economic activity in the District remained very high through May, and labor markets remained very tight in most areas. Job growth in the District was strong in early 1998, but not as fast as the torrid 1997 pace. Employment growth has slowed this year in California, Oregon, and Utah and […]

Executive Summary District employment growth was strong in the first quarter, led by particularly fast growth in Arizona and Utah. Employment growth in California was solid in the first quarter, but slower than in 1997. Oregon also experienced slower job growth in the first part of this year. The negative effects of reduced foreign demand […]

Executive Summary Led by the surging California economy, the 12th District economy expanded at a vigorous pace in 1997. District growth during the first two months of 1998 was solid but below the fourth quarter 1997 pace. Recently revised payroll employment data show that all areas of California picked up substantially between 1996 and 1997, […]

Executive Summary The District contains four of the ten fastest growing states in the nation, with Nevada, Arizona, and Utah topping the list. The pace of employment growth in the District accelerated in recent months, climbing to 3.9 percent at an annual rate during the three months ending in November 1997. The District unemployment rate […]

Executive Summary The District contains six of the ten fastest growing states in the nation, with Nevada, Arizona, and Utah topping the list. The pace of economic growth in the District remained solid in recent months, although below the rapid trend of 1996. In much of the District, employment growth continues to outpace growth in […]

Executive Summary The District states of Nevada, Utah, Washington, and Arizona have been the fastest growing states in the nation over the past twelve months. Relative to the first half of the year, employment growth slowed in the third quarter in each of the seven most populous District states. Elsewhere, job growth picked up slightly […]