The U.S. unemployment rate changed little in July at 4.2% while total nonfarm payroll jobs increased by 73,000, according to the Bureau of Labor Statistics’ August 1st employment situation summary. Job gains occurred…
UA’s Eller Economic and Business Research Center reports Arizona lost 8,400 seasonally-adjusted jobs in June, following a revised decline of 3,300 in May. The preliminary May data showed a drop…
The Arizona economy posted surprisingly slow growth in 2024 and is on course for similar performance in 2025. State job growth was revised down significantly last year, matching the national…
Still going strong, the Arizona economy added large numbers of new jobs and residents last year. Nominal taxable retail plus remote sales expanded slowly, while personal income growth decelerated. Single-family…
Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in…
Today, the Department of Commerce and Natcast announced the Arizona State University (ASU) Research Park in Tempe, Arizona as the anticipated location for the third flagship CHIPS for America research…
Policy uncertainties dominate the economic outlook, damaging growth prospects, according to an S&P Global Market Intelligence report released today. In the newly published Top 10 Economic Insights for 2025, S&P Global Market…
J.P. Morgan Private Bank today released its 2025 Global Investment Outlook, Building on Strength, which defines the pivotal themes poised to shape market dynamics in the upcoming year. MORE NEWS: Inflation rate hits lowest…
Sunlit Fluo & Chemical Co. Ltd., Taiwan’s premier semiconductor chemical supplier, is expanding its international footprint with the grand opening of its first manufacturing facility outside of Asia – Sunlit Arizona,…
Real gross domestic product (GDP) increased at an annual rate of 3.0% in the second quarter of 2024, according to the third estimate released by the Bureau of Economic Analysis. In…
After peaking at 13.0% over the year in August 2022, Phoenix MSA all-items consumer price inflation (as measured by the CPIU) cooled to 2.3% in August 2024 (Exhibit 1). At…
Seventy-seven percent of workers in America would experience financial difficulty if their paycheck were delayed a week, according to results from the 2024 “Getting Paid In America” survey conducted by PayrollOrg (PAYO).…
