Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail sales have slowed but remain surprisingly resilient. At the same time, income gains are more than offset by inflation while rising mortgage … [Read more...] about Here’s why Arizona Economy is Forecast to Outperform U.S.
Housing Analysis
Phoenix has Added Nearly 90,000 Jobs Over the Last Year
Greater Phoenix added nearly 90,000 new hires over the past year, according to the latest employment reporter from the Arizona Office of Economic Opportunity. The metropolitan area unemployment rate continued to fall, dipping to 3.1 percent, down 0.1 percent from January and down from 6.7 percent a year ago. Most hires took … [Read more...] about Phoenix has Added Nearly 90,000 Jobs Over the Last Year
Williams-Sonoma is Bringing More Than 2,400 Jobs to Glendale
The Arizona Commerce Authority and the City of Glendale announced today that Williams-Sonoma, Inc., the world’s largest digital-first, design-led and sustainable home furnishings retailer, has leased a 1.25-million-square-foot facility in Glendale. Williams-Sonoma, Inc. plans to use the facility as a fulfillment and … [Read more...] about Williams-Sonoma is Bringing More Than 2,400 Jobs to Glendale
Phoenix is the No. 2 Most Popular Migration Destination
Nationwide, 30.3% of Redfin.com users looked to move to a different metro area in October and November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from a record-high 31.5% in the first quarter of 2021 but well above pre-pandemic levels. When it comes to places … [Read more...] about Phoenix is the No. 2 Most Popular Migration Destination
Arizona Projected to Add More Than 700,000 Jobs by 2030
More than 700,000 jobs will be created in Arizona in the next decade, another sign of Arizona’s economic prowess coming out of the pandemic. According to a new report from the Arizona Office of Economic Opportunity (OEO), which studies the state’s economy and labor market trends, the state’s robust economic growth will far … [Read more...] about Arizona Projected to Add More Than 700,000 Jobs by 2030
Phoenix No. 1 in Home Price Increases for 25 Consecutive Months
The U.S. Census Bureau released franchise statistics from the 2017 Economic Census on August 26. Nearly 300 different types of business are franchises, though the only data available at the state level are for full- and limited-service restaurants. Comparing Arizona to the U.S., 41.6 percent of restaurants (combined total of … [Read more...] about Phoenix No. 1 in Home Price Increases for 25 Consecutive Months
New Yorkers, Californians Flee to Move to Arizona
Americans are moving from population centers like New York, California, and Illinois in record numbers. And one of the hottest plans — both literally and figuratively? A move to Arizona. According to research from North American Moving Services, those moving in 2020 largely left the chilly northeast in search of warmer weather … [Read more...] about New Yorkers, Californians Flee to Move to Arizona
Maricopa County No. 1, Metro Phoenix No. 2 for Fastest Growth
When the news gets out that Greater Phoenix is one of the top places in the nation to find a new job opportunity, people start heading to Arizona and Phoenix growth explodes. Late in 2018 and early in 2019, that news started getting out in ranking after ranking. Job opportunities await and a new population follows. The jobs … [Read more...] about Maricopa County No. 1, Metro Phoenix No. 2 for Fastest Growth
