jobs

Arizona’s Unemployment Rate Drops

The state’s unemployment rate ticked slightly lower in April, dropping to 9.5 percent from 9.6 percent in March.

The Arizona Department of Commerce reports today that of the state’s 11 major job sectors, nine posted employment gains. Overall, the economy added 19,500 non-farm jobs last month, the largest gain since April 2005.

Stimulated Construction

Anyone who says things don't look bleak out there hasn't looked outside their window in the past few days. But as they say — "when it rains it pours" — and Arizona has not been the exception, it's been the definition.

The Associated General Contractors of America recently put out a 2010 construction outlook forecast that stated nearly 9 in 10 contractors say there will be no recovery in 2010. Further outlook doom and gloom within the forecast included:

From A River To A Stream: Arizona’s Once Strong Population Flow Has Turned Into A Trickle

Arizona Population GrowthWestern states continued to lead the nation in population growth in 2009, but that lead — especially in Arizona — has shortened significantly.

According to the latest posting on the Western Blue Chip Economic Forecast, three Western states had the nation’s fastest growth rate based on figures from the U.S. Census Bureau.

Wyoming, Utah and Texas led the nation in growth with a 2 percent or more increase.

It All Comes Down to Jobs

new home sales around the country rose 11 percent in June Good news doesn’t travel far on Wall Street.

Case in point: Once the initial euphoria over the U.S. Commerce Department’s new home sales numbers for June died down yesterday, a closer look at the numbers yielded a silence punctuated by cricket chirps.

Yes, it’s great that new home sales around the country rose 11 percent in June compared to May. However, June’s numbers are still down 21 percent from June 2008. More troubling is the fact that home prices continue their downward trajectory. The median sales price for new houses sold in June was $206,200. That’s down from $219,000 in May and $232,100 in June 2008.

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