The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment. The gasoline index continued to increase, rising 7.4 percent in January and accounting for most … [More]

The NFIB Small Business Optimism Index declined in January to 95.0, down 0.9 from December and three points below the 47-year average of 98. Owners expecting better business conditions over the next six months declined seven points to a net negative 23%, the lowest level since November 2013. The net percent of owners expecting better business conditions has fallen 55 points … [More]

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for November 2020. On a national level, 5.9% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), which represents a 2-percentage point increase in the overall … [More]

The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in professional and business services … [More]

The NFIB Research Center released its latest COVID-19 survey on the impact the pandemic has had on small businesses. This survey was conducted after the Consolidated Appropriations Act of 2021 (CAA) was signed into law, which reopened and modified targeted federal programs established to help small businesses. The economic strain on small businesses appears to be easing just … [More]

In the week ending January 30, the advance figure for seasonally adjusted initial claims was 779,000, a decrease of 33,000 from the previous week's revised level. The previous week's level was revised down by 35,000 from 847,000 to 812,000. The 4-week moving average was 848,250, a decrease of 1,250 from the previous week's revised average. The previous week's average was … [More]

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for December 2020, providing a lookback at the state of the housing market and the pandemic’s impact on home price performance throughout 2020. The housing market exceeded expectations in 2020, closing out the … [More]

The West Valley has proven to be a beacon of light this past year in what most would agree was a pretty dark and ominous time for economic prosperity across Arizona. West Valley communities saw growth in the past two to three years across just about all industries. From commercial and residential real estate to health care and employment to manufacturing and supply-chain … [More]