An economic researcher says Arizona's economy is expanding at a slow but steady pace with population and employment growth rates that are above most states' rates but below the state's own long-term averages.Read More »
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The jobless rate fell to 8.2 percent in October, compared to 8.3 percent in the month before, the state’s Office of Employment and Population Statistics reported today. In contrast, the U.S. jobless rate rose – to 7.3 percent from 7.2 ...Read More »
Economists who advise Arizona's independent legislative budget analysts said Thursday that residents who have hunkered down through years of tough economic times may finally have reason to be a little more perky this year, but the economy won't meet Gov. Jan Brewer's expectations.Read More »
Economists predicted today that Arizona will fully recover from the recent recession in about three years.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.
The feds gave Arizona a $2.8 billion crutch to help the state limp through three difficult budget years. But after two years, nearly all of the stimulus money has been spent and the state remains crippled by the recession.Read More »
Republican lawmakers unveiled a plan to change Arizona's economic course, calling for major shifts in tax policy - including tax cuts - and creation of tools to lure high-wage businesses to the state.Read More »
Economists aren't known for being the life of the party, but Elliott Pollack defies the stereotype. The chief economist for Valley National Bank in the 1970s and '80s, and a longtime member of the Legislature's Finance Advisory Committee, Pollack is known for slideshow presentations that feature outlandish photos to drive home the point he is trying to make.Read More »
Arizona's budget calamity cost at least 1,450 state workers their jobs last fiscal year, but the shedding of public employees is minor compared to losses endured by the private sector in Arizona. An analysis conducted by the Arizona Capitol Times shows the state trimmed roughly 4 percent of its full-time staff from July 1, 2008, to June 30, 2009. The state now employs 33,236 full-time workers.Read More »