employment growth Archives

Economic Forecast Calls For Another Year Of Slow Recovery In 2011

Economic forecast
by in Economy | Featured

Arizona’s economic recovery will continue to move at a glacial speed in 2011 — but at least it’s moving. The coming new year will see an increase in job creation, a rise in population and even a modest increase in single-family home permits. However, the consensus among economists at today’s 47th Annual Economic Forecast Luncheon,… Read More →

Vacancy Rising In Phoenix Despite Construction Pullback

Vacancy Rising in Phoenix
by in Economy | Real Estate

Though employment growth will stimulate an increase in retail sales in 2010, the job additions will not be sufficient to prevent the vacancy rate in Phoenix from rising for the fifth consecutive year, according to the latest Retail Research market update from Marcus & Millichap. Unlike previous years when excessive construction drove vacancy increases, lagging… Read More →

Fewer Jobs Will Be Lost This Year, But Growth Will Remain Slow In 2011

by in Economy | Featured

In an updated forecast released today, the Arizona Department of Commerce Forecast reports that the state’s nonfarm job losses for 2010 have been revised downwardly. The department now forecasts that the state’s economy will lose 25,700 jobs this year, as opposed to the 50,400 originally forecast. However, the department also revised its forecast on how… Read More →