Optimism of Women- and Black-Owned Online Microbusinesses in the U.S. Grows during Pandemic, Survey Finds

GoDaddy

GoDaddy, the company that empowers everyday entrepreneurs, today announced new survey findings from its multi-year Venture Forward initiative showing that online microbusiness owners are more optimistic now compared to a year ago despite the ongoing pandemic, with Black and Hispanic entrepreneurs expressing the most optimism about the prospects for their businesses in the near … [More]

Single-Family Rent Prices Near Double-Digit Growth in August, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. August 2021 data shows a national rent increase of 9.3% year over year, up from a 2.2% year-over-year increase in August … [More]

Housing Market Moderation Gives Buyers Breathing Room

Zillow

The modest calming of the market that began late in the summer has continued into early fall, the latest market report from Zillow® shows. Buyers are finding slightly more selection, more price cuts and a bit more time to evaluate a home before it goes under contract. "The housing market continued its gradual return to some semblance of normalcy in September, helped by the … [More]

Amazon Report Reveals Third-Party Sellers Have Created More Than 1.8 Million U.S. Jobs

Amazon

Amazon released its 2021 Small Business Empowerment Report outlining how the company provides opportunity, tools, and services to help more than 500,000 third-party selling partners in the U.S. reach hundreds of millions of customers, increase revenue and profits, and create good jobs across America. The report comes just ahead of the Amazon Accelerate 2021 virtual conference … [More]

Baby Boomers and Millennials Are Competing for Homes, and Boomers Are Winning

Zillow

The past year's frenzied housing demand likely has more to do with the demographic makeup of America than a onetime, pandemic-driven boom, a new Zillow® analysis of the age, sex, race and income of home buyers over a decade reveals. Millennials and baby boomers — two of the biggest generations in U.S. history — are in the market for homes in a big way. With an aging … [More]

30% More Meetings and Too Many Emails, Survey Highlights How Work Has Changed 

inbusinessPHX.com

Pragmatic Institute—a trusted enterprise education partner in data science, design, product marketing and product management — has released results from its 20th annual product management and marketing survey. This year’s findings provided valuable insight into how the global pandemic has changed work for product leaders, managers and marketers across a wide range of … [More]

CPI for All Items Rises 0.4% in September, Food, Shelter Among Tops

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in September on a seasonally adjusted basis after rising 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. The indexes for food and shelter rose in September and together … [More]

Will Robots Keep Pushing People Out of Jobs? How to Engineer an Equitable Economy 

inbusinessPHX.com

Are some companies moving closer to having more robots than employees? Recent studies indicate a trend in that direction. Research from Google Cloud shows two-thirds of manufacturers who use artificial intelligence in their day-to-day operations say that their reliance on AI is increasing. And a report from PwC predicts that by the mid-2030s, up to 30% of jobs could be … [More]

Phoenix Suburbia More Popular Than Ever among Renters

Rent Cafe

The rental market has been building up in Phoenix suburbs, as there are now more than 582,000 renters living here, representing a 36% increase during the last decade. This change is well above the national average since, between 2010 and 2019, the number of suburban renters in the U.S. grew by 22%. The very definition of suburban living has been rewritten throughout the last … [More]

July U.S. Mortgage Delinquency Rates Approach Pre-Pandemic Levels, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for July 2021. For the month of July, 4.2% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a … [More]

Small Business Optimism Slips in September as Labor Shortages, Inflation Impact Business Operations

NFIB

The NFIB Small Business Optimism Index decreased one point in September to 99.1. Three of the 10 Index components improved, five declined, and two were unchanged. “Small business owners are doing their best to meet the needs of customers, but are unable to hire workers or receive the needed supplies and inventories,” said NFIB Chief Economist Bill Dunkelberg. “The … [More]

Construction Trends Seen in Crane Index Quarterly Report, Mixed-Use and Residential Projects Most Evident

Rider Levett Bucknall

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key markets. With data current to July 1, 2021, the latest RLB quarterly cost report shows that the national average … [More]

Payroll Employment Rises by 194,000 in September, Unemployment Rate Declines to 4.8%

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined … [More]

Small Business Labor Shortage Worsens in September

NFIB

Fifty-one percent (seasonally adjusted) of small business owners reported job openings they could not fill in the current period, up one point from August and a record-high reading for the second consecutive month, according to NFIB’s monthly jobs report. The number of unfilled job openings continues to exceed the 48-year historical average of 22%. “More and more … [More]

U.S. Weekly Jobless Claims Fell for the First Time in Four Weeks

U.S. Department of Labor

In the week ending October 2, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 38,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 362,000 to 364,000. The 4-week moving average was 344,000, an increase of 3,500 from the previous week's revised average. The previous week's average was revised … [More]

U.S. Annual Home Price Growth Reaches a New All-Time High in August, 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 August 2021. Home prices rose to a fever pitch this summer, with annual price gains reaching another all-time high in August at 18.1%. Ongoing affordability challenges within … [More]

Partnership Expands Supply Chain in Arizona and Taiwan

Arizona Commerce Authority

The Arizona Commerce Authority and Taiwan’s Bureau of Foreign Trade, Ministry of Economic Affairs, today committed to partnering on trade and economic development. The partnership, which was outlined in a recently signed Memorandum of Understanding (MOU), aims to support efforts to establish or expand operations and supply chains in Arizona or Taiwan. The MOU was signed on … [More]

Arizona Economic Development Sets Records for Jobs, Investment in FY 2021

Arizona Commerce Authority

Fiscal Year (FY) 2021 was a record-breaking year for statewide economic development. During the 12-month fiscal period that ended June 30, 2021, the Arizona Commerce Authority (ACA) successfully worked with companies that committed to creating a projected 23,317 new Arizona jobs while investing $24.8 billion in local communities — the most ever for both metrics. The projected … [More]

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