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…
Arizona added 6,500 jobs over the month in November (seasonally adjusted), according to the latest employment situation release from the U.S. Bureau of Labor Statistics. That was close to the…
The Arizona recovery continued in the third quarter, although at a much slower pace than during the April-June period. The state has received a significant boost from the CARES Act,…
There is still a huge amount of uncertainty about the future of the outbreak and the economic impacts associated with it. The baseline forecast assumes that the current surge in…
As with the March Interim forecast, there is still a huge amount of uncertainty about the future of the outbreak and the economic impacts on the Arizona economy associated with…
