Outgoing Arizona Commerce Authority President and CEO Don Cardon will give back the $50,000 signing bonus he received last year.Read More »
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Arizona's seasonally adjusted unemployment rate is holding at 8.7 percent despite the loss of 3,000 jobs in December.Read More »
Arizona’s metro areas are at least four years away from returning to pre-recession employment levels, according to a report issued Wednesday.Read More »
Gov. Jan Brewer has never had a legislative session like this.
After three years of fiscal crises and emergency budget fixes, Brewer went into the 2012 legislative session with a projected surplus. The biggest budget problem Brewer faces now is what to do with as much as $1.5 billion in extra revenue.
State revenues grew modestly in November even as signs of economic strains persist.Read More »
The good news is the prospects for Arizona’s economy remain strong.
The bad news is when compared to previous recoveries it will take quite a long time to get there.
Major economic indicators in Arizona point to a steady recovery, although some bumps remain.
Revenues in August grew by 8.6 percent, buoyed by strong showings in sales and individual income taxes.
Eight of the nine Republican senators who bucked their party and played a pivotal role in defeating a package of immigration bills last session have the backing of the business community going into next year’s election.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 »