Comerica Bank's California Index's Growth Stalled in the Fall

DALLAS, Jan. 22, 2024 /PRNewswire/ -- The Comerica California Economic Activity Index was unchanged for a second consecutive month in the three months through October, and was up 1.6% from a year earlier. Six components of the index rose, while three declined. Employment rose by 34,500, but the pace of job growth year-to-date has been roughly half of 2022's. Additional signs that the Golden State's job market is cooling include elevated continuing claims for unemployment insurance, holding above 400,000 for ...