In three of the last four months, employment growth dropped below 3 percent. For 16 consecutive months (January 2012 through April 2013) employment growth was between 3 and 4 percent.
State Tax revenues slowed to a 1.9 percent first quarter increase while motor fuel taxes and fees fell 9.3 percent.
Residential building permits through September are down nearly 7 percent, 9,075 compared to 9,723 in 2012. The weakness in residential construction is due entirely to the decline in multifamily construction.