In a state where unemployment remains high as much of the rest of the nation recovers from the Great Recession, Yuma stands out. The metropolitan area’s jobless rate of 15.9 percent in August was the nation’s second highest, trailing only nearby El Centro, Calif., according to the U.S. Bureau of Labor Statistics.Read More »
With another election season fast approaching, border security remains a priority, but many lawmakers and political insiders say support for local immigration-enforcement measures appears to be waning. The prevailing mood is that lawmakers might not have the appetite to wage emotionally draining battles over illegal immigration at a time when the state faces a more immediate menace — a sagging economy and the loss of 300,000 jobs during the recession.Read More »
Slumping housing prices and the prevelance of service-industry jobs contributed to Phoenix and Tucson trailing the rest of the Intermountain West in economic recovery during the second quarter, according to a Brookings Institution report.Read More »
Arizona has weathered its share of economic storms in recent years. Stopgap measures, a temporary tax increase and incessant budget slashing allowed the state to precariously stay afloat.
But the horizon promises no relief yet. In fact, many budget decisions drawn up by state leaders have actually put Arizona on a course toward troubled waters.
For a state that has been grappling with a multibillion-dollar deficit for four years, news of a potential revenue surplus is like a few drops of rain after a long drought.Read More »
In the week following a string of Washington and Wall Street theatrics, experts are saying that Arizona’s recovery will be slowed as consumer and investor confidence dwindles.Read More »
The debt-ceiling debate, the downgrading of the U.S. debt and the market mini-crash this week have exacted a steep toll on Arizona’s stock market investments.Read More »
California’s loss could be Arizona’s gain, if some legislators have any say about it.
With the outcry from some businesses about the Golden State’s newly-passed “nexus tax” on some online retailers, Rep. Tom Forese, R-Gilbert, has proposed that Arizona take advantage of the discontent and try to recruit the angry businesses to Arizona, which has no such tax.
After six years at the helm of the Greater Phoenix Economic Council, Executive Director Barry Broome is leaving for a new job in San Diego.Read More »
The Arizona Competitiveness Package goes into effect June 30, and while the business tax cuts that formed its foundation won’t start phasing in until 2014, several provisions will take root immediately.Read More »