Western Economic Developments

Executive Summary The District had the five fastest-growing states in the nation over the past twelve months. The Intermountain states of Nevada, Arizona, and Utah were the three fastest-growing states over this year-long period. In recent months, job growth in Nevada continued at a torrid 6 percent average annual pace, and Utah continued to post […]

Executive Summary District Update Nonagricultural Payroll Employment Chart District Employment by State Chart District Manufacturing and Construction Indicators Chart District Employment by Industry Chart California’s Economic Expansion Financial Conditions Alaska, Oregon, and Washington Nonagricultural Payroll Employment Chart Non-residential Construction Awards Chart Residential Construction Permits Chart Employment Table Arizona, California, and Hawaii Nonagricultural Payroll Employment Chart […]

Executive Summary Twelfth District economic activity has been vigorous thus far in 1997. Nonfarm payroll employment grew by 3 percent at an annual rate during the first four months of the year, slightly below last years pace but substantially above the corresponding national pace.  During the first five months of this year, Californias economy maintained […]

Executive Summary The District economy continued to expand at a rapid pace in recent months. During the first quarter of 1997 payroll employment increased by 3.3 percent, well ahead of the national pace of 2.3 percent. As measured by growth in nonfarm payroll employment over the past 12 months, the District is expanding nearly 50 […]

Executive Summary Recently revised payroll employment figures indicate that District nonagricultural payroll employment expanded by 3.4 percent in 1996, well ahead of the national pace. The District currently contains five of the eight fastest growing states in the nation, including Nevada, Arizona, Utah, Idaho, and Oregon. The California and Washington economies are also growing at […]

Executive Summary District Update Nonresidential Real Estate and Construction Alaska, Oregon, and Washington Arizona, California, and Hawaii Idaho, Nevada, and Utah Executive Summary California’s economy continued to expand at a strong pace in late 1996, and the state’s labor market tightened further. Nevada, the fastest-growing state in the nation, continued to add jobs at more […]

Executive Summary California’s pace of job creation continues to exceed the national rate, and the state unemployment rate is trending downward. The Intermountain states of Arizona, Idaho, Nevada, and Utah are the top tier among U.S. states in terms of the pace of job creation in the twelve months ending in October. Employment growth in […]

Executive Summary The District economy has expanded more strongly thus far in 1996 than it did in 1995. In July, payroll employment was 3.2 percent above its year earlier level, although growth for that month was somewhat below the brisk pace recorded in the second quarter. Strong growth continued in California, with payroll employment expanding […]

Executive Summary Economic growth in California accelerated in the second quarter, and the state unemployment rate fell about 1/2 percentage point. The Washington state economy is beginning to show the effects of a pickup in business at Boeing Aircraft Co.. Relatively rapid growth continued in Oregon and in the Intermountain states, but a few major […]

Executive Summary A wide variety of indicators suggest that economic growth in California was strong in the first half of 1996. Statistics on the California labor market, personal income, consumer spending, firm formation, and housing markets all point to large gains in economic activity this year. Strength in business and real estate loan demand contributed […]