Job gains in Phoenix, paired with a nearly 4 percent year-over-year increase in weekly wages, show ongoing economic recovery signs. The average earnings in the Valley grew to $940 per week, placing the metro area tenth among large markets. Riverside, California, topped the list with an 8 percent earnings jump. Boston was second with nearly 6 percent, followed by almost 5 … [More]

Arizona tied for the top slot in personal income growth comparing 2020 over 2019. Both Arizona and Montana reported an 8.4 percent hike, according to data from the U.S. Bureau of Economic Analysis. In February, Greater Phoenix gained 13,400 jobs over January 2021, putting the workforce within 3.6 percent of February 2020’s employment totals. The Arizona Office of Economic … [More]

The NFIB Research Center released its latest COVID-19 survey on the impact the pandemic has had on small businesses. This survey marks NFIB’s 16th survey in the series, which started in early March 2020. Thirteen percent of small business owners report that they will have to close their doors if current economic conditions do not improve over the next six months, down from 25% … [More]

In the week ending March 20, the advance figure for seasonally adjusted initial claims was 684,000, a decrease of 97,000 from the previous week's revised level. The previous week's level was revised up by 11,000 from 770,000 to 781,000. The 4-week moving average was 736,000, a decrease of 13,000 from the previous week's revised average. The previous week's average was revised … [More]

The Arizona Department of Health Services and Governor Doug Ducey announced on Monday that registration at Arizona’s state-operated COVID-19 vaccination sites in Maricopa, Pima and Yuma counties will be open to all Arizonans 16 and older beginning at 8 a.m. Wednesday, March 24. This is great news for many who have been waiting to have access to the vaccine, especially … [More]

In the week ending March 13, the advance figure for seasonally adjusted initial claims was 770,000, an increase of 45,000 from the previous week's revised level. The previous week's level was revised up by 13,000 from 712,000 to 725,000. The 4-week moving average was 746,250, a decrease of 16,000 from the previous week's revised average. The previous week's average was revised … [More]

An Alliance of Arizona Nonprofits survey showed the devastating impact of the coronavirus pandemic with more than 400 Arizona nonprofits reporting a total revenue loss of more than $91 million, a 52% drop in year-end giving and an increase of over $15 million in expenses primarily for PPE, supplies and technology. The survey, distributed in late February to both Alliance … [More]