economy Archives - Page 2 of 3

Phoenix-Mesa-Scottsdale Unemployment Falls Since 2021

As released in the Bureau of Labor Statistics report on Friday, September 16 Arizona’s unemployment rate was 3.5 percent in August up from 3.3 percent in July.

Phoenix Area Adds Thousands of Jobs Since Last Year

In addition to the increase in jobs across the state, locally the Phoenix area has added over 86,000 new nonfarm jobs.

Senate Democrats Pass Historic Climate and Health Care Bill Over Unanimous GOP Opposition

The U.S. Senate on Sunday gave final approval to a historic climate and health care package following months of negotiations. Every single Senate Republican voted against it.

With Robust Job Numbers and Falling Gas Prices, Consumer Concerns About Inflation Ease

A survey of consumers released on Monday by the Federal Reserve Bank of New York found that expectations of inflation in the next few years has declined for the second month in a row.

Lower Food and Fuel Costs Act Passed in the House May Mean Relief Is On The Way

On June 16th, in a 221-204 vote, the House of Representatives passed H.R. 7606, otherwise known as the Lower Food and Fuel Costs Act, which aims to address supply chain risks, lower the cost of food and gas prices, strengthen the food supply chain and ensure robust competition in the meat and poultry sector, and lowers fertilizer prices for farmers.

No Homeowner: Arizona’s Housing Crisis

According to the nonprofit National Low Income Housing Coalition and its latest annual survey, Arizona ranks in the top five states where the affordable housing shortage is most devastating.

Arizona Economy Bouncing Back, But Still Has Some Baggage

Under the Biden administration, parts of Arizona’s economy are reviving in a recovery effort that George Hammond, director of the Economic and Business Research Center at the University of Arizona, describes as “strong but uneven.”