Arizona Economic Outlook
Battling Headwinds: Arizona’s Economy Struggles Upward
By George W. Hammond, Ph.D.
EBRC Director and Eller Research Professor
Decmeber 1, 2014
The Arizona economy continues to expand at a slow pace. For instance, employment increased 2.0% in the third quarter, over the year. That was better than the dismal second quarter result and was just above the national rate, but it was not very good. Keep in mind that the state’s average job growth rate during the 30 years before the Great Recession was 4.1% per year. We’re seeing similarly slow gains across all the major indicators.
* numbers & analysis from EBR's November 2014 quarterly forecast (next update: March 2014)
Selected economic forecast numbers for Arizona, Phoenix and Tucson Metros
For further information on The Forecasting Project, please contact Dr. George Hammond.