Rising inflation and unpredictable interruptions in the supply chain are expected to eat into the profits of both manufacturers and retailers in 2022, according to the financial turnaround experts at Resolute Commercial Services (Resolute). “Any organization that depends on credit to finance its operations is likely to have difficulty in the coming years,” says Nathaniel … [More]
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U.S. Annual Home Price Growth at a Record 18% in October, Says Report
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2021. U.S. annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of the index. Nonetheless, monthly price growth has slowed from its April … [More]
Homebuilders Are Still Playing Catchup during Construction Boom
Zillow
We are officially in a house-permitting boom and home builder confidence is near an all-time high. A new Zillow® analysis shows how far builders still have to go to fill a 1.35 million new-home construction shortfall caused by a decade of underbuilding. New-home construction in the U.S. reached an important benchmark in February, when more than 1.5 million … [More]
Payroll Employment Rises by 210,000 in November; Unemployment Rate Declines to 4.2%
U.S. Bureau of Labor Statistics
Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. This … [More]
Record Number of Small Business Owners Report Labor Quality as Top Business Problem
NFIB
Small business owners continue to struggle to increase their workforce with 29% of owners reporting labor quality as their top business problem in November, a 48-year record high. Ten percent of owners cited labor costs as their top problem, according to NFIB’s monthly jobs report. “Unfortunately, the tight labor market has not eased for small business owners,” … [More]
Weekly Jobless Claims Less Than Expected, Job Market Is Coming Back
U.S. Department of Labor
In the week ending November 27, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 28,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 199,000 to 194,000. The 4-week moving average was 238,750, a decrease of 12,250 from the previous week's revised average. This is the lowest level for this … [More]
Maricopa County Ranked No. 1 Again for Talent Attraction
Arizona Commerce Authority
At a time when workers are in high demand across the country, Maricopa County’s efforts to attract skilled talent lead the nation, according to a new report. Labor market analyst EMSI ranked the Phoenix region no. 1 in talent attraction, the second year in a row and 4th time in six years. According to the report, Arizona’s largest county saw the highest increase of working age … [More]
House-Buying Power Exceeds Median House Prices in Most Markets
First American Financial Corporation
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the September 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on … [More]
EN NEGOCIOS: 5 formas en que la energía renovable transformará las pequeñas empresas
por Edgar R. Olivo
Se acercan tiempos emocionantes a medida que la energía renovable se convierte en un tema principal en muchos sectores dentro de la economía y las conversaciones cotidianas, todo gracias a la aprobación del nuevo proyecto de ley de infraestructura. A medida que las personas se familiaricen con la idea de aprovechar la energía de las turbinas eólicas y los paneles solares, las … [More]
5 Ways Renewable Energy Will Transform Small Businesses
by Edgar R. Olivo
Exciting times are approaching ahead as renewable energy becomes a mainstream topic across many sectors within the economy and everyday conversations, all thanks to the passing of the new infrastructure bill. As people become familiar with the idea of harnessing energy from wind turbines and solar panels, small businesses also stand to benefit from renewable energy … [More]
Is the American Dream Dead?
by Dr. Jennifer Charles
The American Dream is the idea that there is equal opportunity available to any American in America, allowing the highest aspirations and goals to be achieved. The American Dream was first defined by James Truslow Adams in 1931. He explained it as "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to … [More]
Avoid a Plunge into Bankruptcy
by D. Lamar Hawkins
Although many businesses look forward to putting 2021 in their rearview mirrors, some economists suggest 2022 could be even worse, with inflation and supply chain delays causing a slowdown or perhaps even a recession. Many struggling businesses try to navigate their financial difficulties alone, yet that can put them at greater risk. Making smart decisions now, including … [More]
The Future of Philanthropy
by Richard Tollefson
A new era of philanthropy, nonprofit governance and social change is upon us. Why, how and where the next generation of philanthropists give and engage is drastically changing in America and reshaping how nonprofits do business. To optimize the potential and impact of next-gen leaders, nonprofits must understand that leadership is more than money — although the wealth of this … [More]
Holiday Season Retail: Shoppers Will Make Up for Lost Time
by John Reva
JLL recently surveyed U.S. consumers to find out how they intended to shop for the holiday season … and the news is good for the retail sector. Shoppers plan to spend 25.4% more this holiday season than in 2020. That’s a rise from an average $694 per person last year to an average $870 per person this year — getting us back to almost pre-pandemic levels. Phoenix’s … [More]
U.S. Weekly Jobless Claims Hit Lowest Level since 1969
Rick McCartney
In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week's revised level. This is the lowest level for initial claims since November 15, 1969 when it was 197,000. The previous week's level was revised up by 2,000 from 268,000 to 270,000. The 4-week moving average was 252,250, a decrease of … [More]
Arizona Public Universities’ Enrollment Growing with Notable Increase in Online Programs
inbusinessPHX.com
During fall 2021, overall enrollment at Arizona’s public universities increased with notable growth in students taking online classes, according to the Fiscal Year 2022 Fall Enrollment Report approved by the Arizona Board of Regents. Online degree program students now comprise a third - 33.4% - of the university system’s total enrollment. Total student enrollment at … [More]
‘For Sale By Owner’ Listings Tend to Be Used by Rural and Lower-Income Sellers, Says Report
Zillow
A recent report released by Zillow highlights trends in homes listed as "For Sale By Owner" (FSBO), which are advertised and sold directly by owners without enlisting the services of an agent. Over the past three years, FSBOs have made up 4-6% of all home listings nationally, which translated to roughly 63,000 homes for sale during September 2021. The research also found that … [More]
Should Your Business get Involved in Political Debate?
by Dr. Jennifer Charles
In today's political climate, where everyone is jumping in with an opinion about everything, it's tempting — as a business owner — to jump on trending topics. Jumping on a trending topic can mean exposure for your business that it might not have gotten otherwise. However, taking a stand might alienate specific customers. So, should your business get involved in the political … [More]
