Arizona Economic Outlook
Arizona’s 30-Year Outlook: Bigger, Richer….Slower
By George W. Hammond, Ph.D.
EBRC Director and Eller Research Professor
September 1, 2015
Arizona job growth softened in the second quarter compared to its rapid first quarter pace. According to our internal benchmark estimates, the state added almost 59,000 jobs in the second quarter, over the year. That translated into 2.3% growth, down from 2.7% in the first quarter, but faster than the national rate in the second quarter of 2.2%.
*numbers & analysis from EBRC's August 2015 quarterly forecast. EBRC's Augustforecast is always our annual 30-year long-run forecast horizon. (Next forecast update: November 2015.)
Selected economic forecast numbers for Arizona, Phoenix and Tucson Metros
For further information on The Forecasting Project, please contact Dr. George Hammond.