Lee McPheters Archives

Arizona remains on ‘solid’ job growth pace

Arizona added 54,700 jobs from January 2016 to January 2017, a 2 percent increase that put it near the top of states for job growth, according to a jobs report released this month by the Bureau of Labor Statistics. Experts point to traditional factors, like the state’s steady population growth and its low-tax, pro-business environment,… Read More →

Arizona in Top 10 for job creation

Researchers at Arizona State University completed an analysis of the latest revised data on 2016 employment growth among states and metro areas. Arizona, in 9th place, moved into the top 10 states for job creation in 2016 for the first time since 2013. The state ranked second in financial job growth and fifth in healthcare.… Read More →

ASU professor predicts ‘Obamacare’ repeal could send state into health care recession

Obamacare

A new report from an Arizona State University professor predicts that repealing “Obamacare” could cut Arizona jobs and send the state into a “health care recession.” Lee McPheters, a research professor of economics, discussed the findings of his January study in a conference call Wednesday. Since 1995, one out of every five new payroll jobs… Read More →

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

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 →

Experts predict steady growth for Arizona economy

Arizona Economic Forecast 2011, Economic Recovery

Say goodbye to the recession and keep an eye on slow, steady growth for the state and nation in 2016. That’s what experts said today at the 52nd annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. Four experts delivered a comprehensive overview of what’s happening… Read More →

AZRE Forum educates a full house

On Thursday, July 23, AZ Big Media hosted the inaugural AZRE Forum at the Ritz-Carlton. It was a meeting of the minds featuring the top producing brokers, most influential economic developers, bankers and developers in the state. The event sold out, with a standing-room only attendance of nearly 350 people. Another 40 people tuned into… Read More →

Experts: 2 more years until full economic recovery in Arizona

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth, Nation’s Economy

We can expect our economic recovery to take about another two years in Arizona. That’s what experts said today at the 51st annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. About 750 people attended the event at the Phoenix Convention Center. Key experts delivered a… Read More →

Arizona drops from Top 10 for job growth

We’re still slowly recovering from the staggering loss of jobs during the Great Recession, but some cities and states are rebounding faster than others. The job-growth numbers for the first three quarters of 2014 are now out. Research Professor Lee McPheters of the W. P. Carey School of Business at Arizona State University provides rankings… Read More →

Rebound for Arizona and U.S. Slows Down

Arizona Is Losing Economic Grounds To Other Southwestern States, 2008

Jobs, home prices and population growth are all slowly rebounding in Arizona. However, experts from the W. P. Carey School of Business at Arizona State University say we still have a long way to go, and the automatic federal budget cuts known as the sequester aren’t helping our momentum. The experts delivered their forecasts today… Read More →

Arizona Could Hit Full Economic Recovery in 3 Years

We’re finally on the path to full economic recovery, and Arizona may get there in about three years. That’s the main message from experts who spoke today at the 49th Annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. About 1,000 people attended the event at… Read More →

2013 Economic Forecasts for U.S. & Arizona

Arizona’s economy improved somewhat this year, but what can we expect in 2013? Top experts on the U.S. and Arizona economies will deliver their forecasts for the state, nation, stock market and housing market at the Valley’s largest and most trusted economic-forecasting event on Dec. 5. The 49th Annual Economic Forecast Luncheon is co-sponsored by… Read More →

Visioning A Turnaround Of The Valley Of The Sun

Phoenix Turnaround

The Arizona Chapter of the Turnaround Management Association is pleased to announce Visioning a Turnaround of the Valley of the Sun: How Phoenix Can Become a Model Metropolitan Area. This unique program will cover how state government, local governments and the private sector all play a vital role.  The panel will be moderated by Barry… Read More →

ASU Experts: Economy Rebounds, But Is Still Years From Full Recovery

recovery sign

Despite positive growth, full economic recovery is still two years away for the nation and at least three years away for Arizona. That message was delivered today by top economists from the W. P. Carey School of Business at Arizona State University. The experts spoke at the annual Economic Outlook Luncheon sponsored by the Economic… Read More →

Arizona’s Economic Recovery Remains Sluggish, But The Outlook Is Brighter

Arizona Economic Forecast 2011, Economic Recovery
by in Economy

While the nation’s economy showed some significant signs of life in the first half of 2011, the state’s economy continues to bounce along the bottom. But forecasters at the Economic Club of Phoenix’s Annual Economic Outlook 2011 luncheon on May 5, said they are looking at a comparably stronger finish to the year, with growth… Read More →