Quantcast
Home / Home news / State economists say Arizona on modest growth track

State economists say Arizona on modest growth track

State economists say Ariz. on modest growth track

(AP Photo/Rick Bowmer)

State economists’ forecasts for job growth in Arizona are improved compared with their projections from six months ago.

The Department of Administration’s Office of Employment and Population Statistics predicts a total employment growth of 112,000 jobs in 2012 and 2013. That compares with a May forecast for an increase of just under 106,000 jobs during the same two-year period.

The office says that amounts to modest economic growth, with nearly all sectors expected to increase employment.

The half-year forecast adds that there risks that could add uncertainty. Those include continued weakness in real estate, rising food and petroleum prices, a potential military conflict in the Persian Gulf and Europe’s public debt crisis.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

July 21, 2016 file photo of Sheriff Joe Arpaio (Associated Press)

Reports show Arpaio spent $12.6 million in re-election bid

The final campaign finance reports from the Maricopa County sheriff's election show that Republican Joe Arpaio spent a total of $12.6 million in his unsuccessful bid for a seventh term in office.