economy Archives

Construction Material Costs Dip in October, but Outrun Contractors' Bid Prices

rsz_emerson_court

Construction contractors face a continuing cost squeeze, even though a key price index for construction materials dipped in October and showed only a moderate increase over the past year, according to an analysis of federal figures released today by the Associated General Contractors of America. Association officials warned that recent and announced price increases may… Read More →

Obama faces tough road with improving economy

Barack Obama

Here’s the assignment President Barack Obama has won with his re-election: Improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and U.S. companies still too anxious to expand much. And, oh yes, an economy that risks sinking into another recession if Congress can’t reach a budget deal to… Read More →

U.S. adds 171,000 jobs in October

Economy
by in Economy | Workforce

U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought. The solid job growth showed that the economy is strengthening slowly but consistently. The unemployment rate rose to 7.9 percent from 7.8 percent in September. That was mainly because many more people began looking for work, and… Read More →

CFOs Believe Economy Will Not Improve During the Next Six Months

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by in Business News | Economy | Workforce

Fifty-four percent of CFOs in the U.S. do not foresee any changes in the health of the economy during the next six months, according to a survey by Grant Thornton LLP. Still, most CFOs surveyed are optimistic about maintaining (45 percent) or increasing (37 percent) their headcount over the next six months. According to the… Read More →

Higher retail spending lifts hopes for economy

Retail-Shopping-Bags
by in Business News | Economy | Small Biz

Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year. Retail spending rose in every major category, from electronics and sporting goods to furniture, building supplies and garden equipment.… Read More →

Taking It To The Streets On Food Truck Friday

The Phoenix public market and Food Truck Friday stimulate the community and economy. Each Friday on Central and Fillmore, students, seniors and dressed-down businessmen and women mingle and munch at an event that not only satiates the appetite, but stimulates the economy, too — the Friday Food Truck event at the Phoenix Public Market. In… Read More →

Celebrating Entrepreneurship ~ Nominations Open For Spirit Of Enterprise Awards

entrepreneurs

Their entrepreneurship helps create new jobs and boost our economy. That’s why we should all be involved in celebrating the importance of Arizona’s best businesses. You can honor your favorite Arizona company by nominating it for the 2012 Spirit of Enterprise Awards from the W. P. Carey School of Business at Arizona State University. The… Read More →

OptumRx Adding 400 New Jobs In Arizona

new jobs pharmacy

OptumRx, a leading pharmacy benefits management (PBM) organization and one of the Optum companies of UnitedHealth Group (NYSE: UNH), said it will create at least 400 new jobs in Tucson over the next 12-18 months. The announcement was made at a news conference Thursday, attended by Arizona Gov. Jan Brewer and Stephen J. Hemsley, CEO… Read More →

Business Podcast: The Dave Ramsey Show 1/12/12

Dave Ramsey Podcast
by in Podcasts

Dave Ramsey, a renown financial guru and speaker, delivers his daily radio show through podcasts hosted on his website and the iTunes store. Utilizing interviews with others, call-ins from listeners, and more — Dave Ramsey gives a realistic perspective on how to properly handle your finances and the stresses that come along with doing that.… Read More →

Economic Forecast: Arizona, U.S. to Show Improvement in 2012

Economic Forecast
by in Economy

Improvement in both the Arizona and U.S. economies can be expected next year, but full recovery is still a few years away. That’s according to experts who spoke Wednesday at the 48th Annual Economic Forecast Luncheon, co-sponsored by ASU’s W.P. Carey School of Business and JPMorgan Chase.  More than 1,000 people packed into the Phoenix Convention… Read More →

Politicians Need To Travel, But They Also Have To Be Aware Of The Pitfalls

Political junkets

In light of the Fiesta Bowl scandal, we can expect a higher level of scrutiny when it comes to our elected officials and their travel. People will be very fixated on our politicians’ trips abroad and the reasons for them. This isn’t a new issue, but it is an issue that sometimes goes unnoticed and… Read More →

The Five C’s of Arizona

FiveCsBanner
by in Economy | Infographics

Copper, cattle, cotton, citrus and climate. These “Five C’s” were the core of Arizona’s economy when it first became a state. Though not as important today, they assist in bringing residents and tourists alike to Arizona. If you went to elementary school here you may have heard of these in the classroom. If not, here… Read More →

GPEC’s Revamped International Leadership Council Looks To Bring Foreign Direct Investment To Arizona

SkySong is a mixed-use development in Scottsdale with a focus on global industries. - AZ Business Magazine Jan/Feb 2011

The Greater Phoenix Economic Council (GPEC) is sharpening its international approach with an aim toward bringing more foreign direct investment to the state. To that end, GPEC has restructured its International Leadership Committee (ILC). “My vision is to put Arizona on the radar,” says Rudy Vetter, senior vice president of international business development at GPEC.… Read More →

Studies Show That Every Dollar Invested In Tourism Returns At Least Double That Amount

Enchantment Resort in Sedona - AZ Business Magazine Jan/Feb 2011

Forests of Saguaro cacti lit by fiery red and orange sunsets, gun-toting cowboys staging shoot-outs, and the Grand Canyon’s striated walls looming over the Colorado River. One would think these distinctly Arizona images could sell themselves. Unfortunately, Arizona’s tourism industry is learning the hard way that it takes more than just the state’s natural beauty… Read More →