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…
Arizona has consistently been among the top five fastest-growing states in the nation. Aptly so, it’s no surprise that despite the economic impact that the pandemic has played across the…
More than a decade ago, the seeds of a new industry were planted in the Grand Canyon State. Voters approved Proposition 203, which created Arizona’s medical marijuana program. The law…
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.…
National job growth was on the rise for the fifth consecutive month in October and wages are increasing dramatically too, according to aggregated payroll data of Paychex. According to the…
At the beginning of the year, our economic theme was “Light at the End of the Tunnel.” The promise of vaccination rollouts, re-opening economies, and the combination of pro-cyclical fiscal…
