The Arizona economy accelerated in 2012, with stronger job, population, and housing permit growth than in 2011. Job gains in 2012 were driven, as usual, by service-providing sectors. However, the goods-producing sector contributed to growth was well, with gains in construction, manufacturing, and mining and logging.
Unemployment in Arizona ticked up one-tenth of a percent in January to 8 percent, just behind the 7.9 percent for the U.S. Nonfarm jobs in the state were down 45,500 for the month, with both the private sector and government shedding jobs. [more]
Economic activity in Arizona still remains below 2007 peak levels. What are the risks going forward? Why might the economy surprise to the upside? Locally, progress has been disappointing. Why is southern Arizona seemingly lagging so far behind? How do we measure up? Please join us....[more]