In 2006, Arizona-based Fulton Homes opened Fulton Ranch in Chandler, a 520-acre upscale, master-planned community. That was the height of the residential housing boom and high demand justified the financial risk.Read More »
While working families struggle to make ends meet in this sluggish economy, there is a bright spot on the horizon for Arizona’s lowest-paid workers: On Jan. 1, the state’s minimum wage increased 30 cents to $7.65, raising wages for more than 130,000 low-wage workers.
The increase not only helps hard-working Arizonans provide for their families, but also boosts the overall economy.
An Arizona legislator is introducing a bill to stop discrimination against unemployed workers.Read More »
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 »
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.
Mirroring a national trend, the economic downturn is prompting Arizonans to put off having children, according to a report released Wednesday by the Pew Research Center.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 »
Weakness in government employment and several private sectors of the economy is pushing Arizona's unemployment rate upward.Read More »
Western states hit hardest by the housing crisis are feeling the greatest economic stress two years after the recession ended, according to The Associated Press's monthly analysis.Read More »