Persistent inflation, rising interest rates, and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced…
Shortly after homesteaders (including the notable Charles Trumbull Hayden) established what is now Tempe, the community quickly became known as the trade center for the south side of the Salt River Valley. And ever since, Tempe continues to prevail as…
The Arizona economy is strong, but it’s battling inflation and high home prices, said a panel of Arizona State University economists and a real estate expert Wednesday afternoon. The discussion…
Arizona climbed the rankings of yet another economic survey this week, placing in the top 4 in Chief Executive Magazine’s list of “Best States For Business.” Arizona rose six spots from 2021 based…
Arizona added 11,700 jobs over the month in February, nearly double the average pace during the five years before the pandemic began. Arizona added 11,700 seasonally-adjusted nonfarm payroll jobs over…
WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth for…
NEW YORK — Stocks rose broadly in afternoon trading on Wall Street Tuesday as technology stocks rallied following a weak start. The S&P 500 rose 1.3% as of 1:19 p.m.…
Arizona’s jobs are once again breaking new ground, after regaining their pre-pandemic peak in November 2021. In addition, the state unemployment plunged during the second half of the year, as…
Nestlé USA has announced plans to invest $675 million in building a 630,000-square-foot beverage factory in Glendale. The facility is scheduled to open in 2024 and create more than 350 jobs. “Nestlé’s…
The City of Glendale, Arizona is experiencing unprecedented growth in both commercial development and job creation. Glendale’s economic development strategies have focused on increasing its tax base while targeting the…
The Arizona unemployment rate dropped to 3.6% in February, well below pre-pandemic levels and the lowest it has been since 2007, according to the most recent numbers from the Bureau…
With four electric vehicles registered in the state for every 1,000 Arizona residents, Arizona is number 7 nationally for electric vehicle ranking. The state is also becoming an EV sales…
