Happy New Years 2023
We wish you a prosperous 2023!
General
Arizona and U.S. Unemployment Rates
The Unemployment in AZ ad dropped to an all time low, however easing has now started as arizona has now ticked up to 4.1%. A lot of investment is happening in AZ how this plays out only the future can tell. Arizona’s labor market remains tight, but the preliminary unemployment… Read More »Arizona and U.S. Unemployment Rates
Arizona Jobs by Industry, Change From February 2020 to November 2022
There is still strong job growth in Arizona and a majority of that is in Trade, transport, and utilities, and Education and Health Services. Mining down due to political pressures. In November, job growth was driven primarily by education and health services (+4,000), government (+1,600), and leisure and hospitality (+1,500).… Read More »Arizona Jobs by Industry, Change From February 2020 to November 2022
AZ Housing Affordability
Skyrocketing house prices have driven inflation in Phoenix well above the national average. They have also pushed housing affordability to very low levels in the third quarter of 2022. According to data from the NAHB-Wells Fargo Housing Opportunity Index, 22.5% of homes sold in the Phoenix MSA in the third… Read More »AZ Housing Affordability
Percent Of Female-Owned Businesses By State
Arizona had 41.9% of women owned businesses in 2018, on par with other western states and slightly higher then our neighbours in CA. The western states tracked on the MAP have a high percentage of female-owned businesses compared to the nation. In 2018, all the states tracked, except Idaho and… Read More »Percent Of Female-Owned Businesses By State
Merry Christmas
Christmas is a season not only of rejoicing, but of reflection. Winston Churchill
Merry Christmas Eve Day
Merry Christmas Eve, everyone! Wherever you are and whatever you do, I hope your Christmas Eve is joyous. Also I have it on good authority that the Naughty List has been finalized. So live it up, people!
Arizona Inflation Still Red Hot
Inflation in Arizona is still red hot and well above the national average. Skyrocketing house prices have driven inflation in Phoenix well above the national average. They have also pushed housing affordability to very low levels in the third quarter of 2022. According to data from the NAHB-Wells Fargo Housing… Read More »Arizona Inflation Still Red Hot
Salary Demands
College educated heads of households are requiring greater salaries to move to a new employer.
Housing Starts Are Down
No surprise that housing starts are down as interest rates are up, however builders are completing existing orders. “Housing starts surprised on the upside in November, but permits plunged to the lowest level since June 2020,” Jefferies economists Aneta Markowska and Thomas Simons said in a note Tuesday. “Permits are now running below starts which… Read More »Housing Starts Are Down