Arizona Unemployment Rate Increases And Salary Growth Slows Compared To Rest Of U.S.

The state’s jobless rate ticked up a tenth of a point in December as companies shed employees. New figures from the Office of Economic Opportunity put the seasonally adjusted unemployment rate at 4.8 percent. That is the result, at least in part, of private sector employment dropping by about 1,900 jobs. And the new figure[ … ]

Arizona Lawmakers Consider Collecting Internet Sales Tax

Some Arizona lawmakers hope to capitalize on a recent U.S. Supreme Court ruling allowing states to collect online sales taxes. House Speaker J.D. Mesnard told Capitol Media Services he sees no reason why purchases made by Arizonans on the internet should be exempt from the state’s 5.6 percent sales levy. “Conceptually, and I’ve already spoken[ … ]

Arizona’s June Unemployment Numbers Show Growth In Construction

Arizona’s Office of Economic Opportunity released the seasonally adjusted June unemployment rate at 4.7 percent. The rate remains unchanged from May and compares to the national jobless rate of 4.0 percent. Spokesman Doug Walls said construction employment has recovered 37 percent since the recession hit and housing bubble burst.

Arizona CFOs, Leaders Maintain Economic Optimism Across Industries

BeachFleischman PC 2018 Arizona CFO Spotlight Survey Highlights Three Ts: Talent, Tech & Taxes [March 2018, PHOENIX] Talent — getting enough quality talent and keeping it — is the primary economic and reputation concern of leaders participating in the third-annual Arizona CFO Spotlight Survey conducted by BeachFleischman PC. The hunt for talent edged out two-year[ … ]

Economist: Higher Arizona Minimum Wage Hasn’t Affected State Economy — Yet

Minimum wage workers in Arizona got a raise Monday, of 50 cents an hour. The state’s minimum wage now stands at $10.50 an hour. It’s part of a voter-approved increase, which will ultimately reach $12 an hour by 2020. Last year was the first year of that increase, and Ethan Clay, an economic policy analyst[ … ]

BeachFleischman to launch the 2018 Arizona CFO Spotlight Survey

For the third straight year, BeachFleischman and its collaborating sponsors are launching the Arizona CFO Spotlight Survey – 2018, which explores the insights and sentiments of financial leaders from nine key industries on the trends and issues impacting operations of their Arizona-based organizations. CFOs and leaders across the state of Arizona have the opportunity to[ … ]

Growing Arizona Businesses Rely On H-2B Visas As Labor Needs Increase

The Phoenix economy is recovering, and more buildings are going up. Local nurseries are growing to meet their landscaping needs too, but have trouble getting labor to keep up with the demand. The federal government’s response is to bring more temporary visa workers for companies that can’t find Americans willing to do the work. Beneath[ … ]

How Interconnected Is Arizona Economy With Mexico, Canada?

During the campaign, President Trump spent a lot of time railing against the North American Free Trade Agreement, or NAFTA, the landmark trade deal between the U.S., Mexico and Canada. And now that day has come. Last week, the Trump administration revealed its goals in those upcoming renegotiations. And business leaders in Arizona are taking[ … ]