As we begin the new year, the economy is contracting due to higher interest rates and the ending of Corona stimulus money programs ending. This is projected to slow the growth in Arizona and the nation. The outlook for Arizona, Phoenix, and Tucson depends in part on national and global… Read More »Arizona Outlook Summary
We wish you a prosperous 2023!
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
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
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
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
Christmas is a season not only of rejoicing, but of reflection. Winston Churchill
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!
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
College educated heads of households are requiring greater salaries to move to a new employer.