bureau of economic analysis Archives

State’s economic growth slowed in 2015, as mining, copper took a hit

Arizona is the largest producer of copper in the U.S. and the drop in demand, and prices, for the metal is being felt in the state, where mining jobs are down in recent years.

Arizona’s economy grew in 2015, but at a much slower rate than it did in 2014, according to the latest report from the Bureau of Economic Analysis. The report said the state’s gross domestic product grew 0.9 percent to reach $294.2 billion in 2015, but that was half the 1.8 percent rate of growth the state… Read More →

Can the Savings Rate Save America?

Coins
by in Columnist Spotlight | Economy | Finance

The financial norms of our society have changed considerably over the past five years. Assumptions surrounding retirement, investment returns and job security have all changed 180 degrees. Perhaps this recession has been so monumental that it will permanently change the old norms and embrace a new realistic standard. Will this crisis create a new generation… Read More →