The Arizona economy started 2023 in solid shape. The labor market generated strong job growth and low unemployment. Labor compensation decelerated at the end of 2022 and into early 2023…
Arizona per capita personal income ranked 39th in the nation last year. DEEPER DIVE: Here are the 11 richest people in Arizona Arizona personal income rose by 7.9% (seasonally-adjusted annual rate)…
Almost all sectors of the Arizona economy have recovered. Arizona added 5,700 seasonally-adjusted jobs over the month in February, down from a revised increase of 19,500 in January. The preliminary…
Despite a modest slowing at the end of 2022, the Arizona economy remains resilient. But what is the outlook for the Arizona economy in the coming months and years? DEEPER…
Arizona added 3,100 seasonally-adjusted jobs in December, after a revised 2,900 job increase in November. The November gain was revised down from 7,000 in the preliminary estimate. Arizona job growth…
Flagstaff and Prescott typically have the lowest housing affordability in Arizona, but not this last quarter. In the second quarter 2022, only 22.3% of homes sold in the Phoenix metro were…
Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail…
Arizona added 7,000 jobs in November and the unemployment rate ticked up to 4.1%. Arizona seasonally-adjusted jobs rose by 7,000 in November, equal to a revised 7,000 job increase in…
Roughly 64,000 Californians have moved to Arizona annually during 2016-2020. Net migration has long been a key source of Arizona’s population growth, usually contributing much more than natural increase (births…
Arizona monthly job gains fell below average in September. Arizona added 3,700 seasonally-adjusted jobs over the month in September, up from 1,700 in August, but far below the very strong…
Arizona personal income growth beat the nation in second quarter, but lagged behind inflation. Arizona personal income rose by 6.6% at a seasonally-adjusted annual rate before adjustment for inflation in the…
As the U.S. economy slows, the question naturally arises: are we in a recession? The answer is more complicated than it appears for a number of reasons. First, the data…
