The COVID-19 pandemic that led to tens of thousands of layoffs, and record levels of unemployment claims in Arizona has also pummeled sales tax revenue over the past couple of months. We’ll remain in wait-and-see mode to see whether the lapsing of the stay-at-home order boosted the economy enough to counter the spike in cases[ … ]
A month after doubling as the state’s economy staggered under the coronavirus pandemic, Arizona’s unemployment dropped by 4.5 percentage points during May. The state Office of Economic Opportunity reported that the seasonally adjusted unemployment rate for May was 8.9%, down from 13.4% in April as business closures and other impacts from the pandemic took hold.[ … ]
In the past year, the Phoenix area saw the second highest number of new construction jobs in the country, according to an analysis of federal employment data by the Associated General Contractors of America. The association found only the Dallas metro area hired more workers (15,000) than Valley contractors (12,400) between September 2018 and September[ … ]
Photo by Rodrigo Cervantes – KJZZ
MEXICO CITY — The president a leading Arizona business group expects the U.S. Congress to ratify the US-Mexico-Canada trade agreement (USMCA) soon to improve the state’s economy — regardless of a possible impeachment process. Glenn Hamer is president of the Arizona Chamber of Commerce and Industry. He said he believes the USMCA will pass, even[ … ]
[September 30, 2019 – PHOENIX] – Although early predictions for a downturn in 2019 have not come true, Arizona’s industry leaders are planning for the unexpected while hoping for the best. Results from the 2019-2020 Arizona CFO Spotlight Survey indicate a strong focus on operational efficiency, reputation management, and talent planning. The fourth annual survey[ … ]
Photo by Katherine Davis-Young – KJZZ
Look around Phoenix and you see cranes and construction sites, new buildings everywhere. If you think this city looks like a place that’s developing fast, you’d be right. Our population is among the fastest-growing in the country. Over the last few years, around 200 people have been moving to the Phoenix area every day. Chanel[ … ]
Photo by Mike Christy / Arizona Daily Star 2018
Pinal County officials are looking into the possibility of developing a tech corridor. County supervisors have recently allocated resources to study the idea. To talk more about this, The Show reached out to Tim Kanavel, Pinal County’s economic development manager.
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STEVE GOLDSTEIN: The overall U.S. economy continues to be in a strong place, with seemingly healthy job growth and unemployment numbers. Arizona is one of the states leading the pack when it comes to a continuing expansion of positive economic news. How healthy is Arizona’s economy? How long could the good times last? With me to talk about[ … ]
The U.S. Census Bureau says, in 2017, Arizona’s exports totaled nearly $21 billion. Of that, $7.5 billion was with Mexico, followed by Canada, China and the United Kingdom. But there is now economic uncertainty with three of those countries: Mexico, China and the United Kingdom.
Nicholas Cool (@shotz - Unsplash)
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[ … ]