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Tag Archives: Wells Fargo Economics Group

Job Growth Ramps Back Up in California

After losing 32,000 jobs in January, nonfarm employment rebounded in February, adding 58,800 jobs in February, according to the Wells Fargo Economics Group. February's increase reflected a 2.3 percent growth over the past year, creating a net gain of 345,600 jobs.

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Homebuilding Boosts Florida’s Economy

Florida is adding jobs at a pace well ahead of the nation, and one sector in particular is spurring the surprising rate of job growth—homebuilding. Florida's unemployment rate fell .2 percentage points in January to 6.1, according to a report from the Wells Fargo Economics Group.

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Reports Project Positive Climate for Economic Growth

Two reports issued by the Wells Fargo Economics Group both point towards a positive climate for economic growth, albeit for different reasons. The first report followed FDIC loan performance, noting cyclical improvement in loan performance and a trend favorable for credit quality. The second report commented on underwriting practices.

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California Loses Jobs in January

A report issued by the Wells Fargo Economics Group noted that California lost 31,600 jobs in January—the largest single-month decline in over four years. Non-farm payrolls declined .2 percent during the month of January. The decline from December, 2013 to January, 2014 was the largest one month drop since September, 2009.

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