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Financial advisers, economists urge calm in face of market volatility
The stock market has been buffeted by historic drops over the last week, but economists and financial advisers in Arizona were telling investors Tuesday that it’s still “too early to be concerned.”
US home rents rose in July as ownership market cooled
Several metro areas showed a split in the rental and ownership markets in July. On a month-to-month basis, rents increased in Baltimore, Boston, Minneapolis, Phoenix and Washington, D.C. By contrast, home values in those markets declined.
Report: Arizona beer has an economic kick, too, in terms of jobs, taxes
When Rob Fullmer, the executive director of the Arizona Craft Brewers Guild, says “everything is improved by the presence of a brewery,” he’s talking about the economic buzz it brings and not the alcoholic kind.
Revenue boost means state won’t have to dip into rainy day fund
Strong revenue collections turned a $132 million shortfall into a $266 million cash balance at the end fiscal 2015, a preliminary analysis shows.
Plan to expand overtime rules could reach 100,000 Arizona salaried workers
The Department of Labor announced plans Tuesday to expand overtime guarantees to about 5 million salaried workers who are not now covered, including an estimated 100,000 white-collar workers in Arizona.
Arizona copper mine stirs debate pitting profits vs religion
Outside of an aging mining town in the mountains east of Phoenix, a copper company has burrowed a shaft 1.3 miles into the high desert landscape in what is believed […]
Arizona’s unemployment rate drops to 5.8 percent in May
Arizona's seasonally adjusted unemployment rate for May was 5.8 percent, down two-tenths of a percentage point from April. State Department of Administration officials say it marks the third consecutive month that Arizona's jobless rate fell by at least two-tenths of a percent.
Ducey reverses course, will continue monthly unemployment briefings
Reversing course, the Ducey administration on Tuesday jettisoned plans to cancel upcoming briefings on the state’s jobless situation.
Report: State, national economies could surge under deportation-deferral plans
Granting deportation deferral to an estimated 137,000 Arizona residents would add hundreds of jobs annually and billions of dollars over a decade to the state economy, according to a new state-by-state analysis.
Ducey scraps monthly media briefings on unemployment
Following some less-than-spectacular jobless reports, the Ducey administration is scrapping at least temporarily – and perhaps forever – the monthly media briefings on the state’s unemployment situation.
Metro suburbs no longer lead population growth, latest Census data show
The suburbs on the edge of the state’s big metro areas are no longer the places to move – at least not at the rate in the past. New figures today from the U.S. Census Bureau show the big population shifts are occurring farther and farther out.
Site ranks Arizona 18th best state for retiring veterans
Arizona pitches itself as a great place to retire. But an analysis of factors by WalletHub shows that, at least for veterans, the state is not the top spot to finally settle down. In fact, it isn’t even in the Top 10.
