Arizona personal income declined by 26.5% in the second quarter, faster than the national drop of 21.8% (Exhibit 1). Arizona’s growth ranked 34th in the nation and followed a 61.8% increase…
Arizona’s economy and job recovery hit the pause button in the third quarter, as the pandemic gained momentum again. Although state job growth slowed during August and September, according to…
As the economy continues to recover from the pandemic, labor costs will become an increasingly important issue, partly for their possible impact on inflation. The Employment Cost Index from the…
Arizona’s recovery from the pandemic gained significant momentum in the second quarter. Job gains surged, housing permit activity remained very strong, and taxable sales remained on track for significant gains.…
The COVID-19 pandemic has made migration a hot topic for all states. Which states will benefit the most from increased remote work? We will not have hard data to answer…
Arizona’s economic recovery from the pandemic gained significant momentum in the second quarter. Job gains surged, housing permit activity remained very strong, and taxable sales remained on track for significant…
Arizona job growth exploded in June with the state adding 37,800 seasonally-adjusted jobs over the month. That was the largest gain since last June and was six times higher than…
The Arizona economy continues its recovery from the pandemic, but progress has been uneven. The travel and tourism sector is improving, but still has a long way to go. Transportation…
The Arizona economy finished 2020 in better shape than most states and the recovery continues at a solid pace. However, Arizona job growth lost momentum in December, according to the…
Arizona initial claims for regular unemployment insurance plummeted to 3,903 for the week ended February 13, down from 7,670 the prior week. The current week count was just 7.3% above last…
While construction jobs have weakened during the pandemic, housing permits and activity have surged throughout Arizona (Exhibit 1). Preliminary seasonally adjusted housing permit data suggest that statewide total permits were…
The building of a residential structure take time. The U.S. Census Bureau Building Permits Survey and the Survey of Construction provide information on the length of time from when a permit…
