2022 promises to be another eventful year. We have a high degree of confidence that the economy will continue to grow at a pace above trend, the labor market will…
Arizona-based economist Elliott Pollack, CEO of Elliott D. Pollack & Company, spoke to a crowd of commercial real estate professionals on Friday, Jan. 14 at the IREM CCIM Economic Forecast.…
CEOs continued to face pressure generated by the ongoing COVID pandemic and market conditions such as rising inflation, supply chain disruptions and the ‘Great Resignation’ in parts of the world.…
For generations, every Arizona schoolchild learned that the state’s economy is based on the five Cs: cattle, cotton, copper, climate and citrus. While they worked well for the Grand Canyon…
Phoenix, and Arizona, are rapidly gaining in population. New Arizonans — workers, neighbors, friends, and family to many of us — have come to our state for social and economic…
Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds…
Throughout 2021, Arizona continued to create an economic environment that promotes business growth and expands opportunities for all. Companies large and small moved to Arizona, and businesses already in the…
The United States, Arizona and the Phoenix metro area have all bounced back from the steep but short economic recession induced by the pandemic, and the economic outlook is good,…
In mid-November, President Biden signed the $1.2 trillion bipartisan infrastructure bill. The government appropriated $550 billion in new spending on transportation, water and power infrastructure, and pollution cleanup. Included in…
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…
Today’s jobs report showed weaker job growth in November compared to October. The labor market remains tight and still seems to be impacted by elevated Delta cases. While more people…
