Arizona Economic Outlook
Still in a Hole, But Making Progress
By George W. Hammond, Ph.D.
EBR Associate Director and Eller Research Professor
December 1, 2013
Arizona is still working its way out of the hole created by the Great Recession, but we are making progress. The state is generating growth in jobs, income, retail sales, and population. But we are not out of the hole just yet. For instance, while state jobs are growing at a faster pace than nationally, we have replaced just 49.0% of the jobs lost during the downturn...
* numbers & analysis from EBR's November 2013 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.