The Greater Phoenix Chamber recently released the Arizona Business Index™ (ABI™), powered by OH Predictive Insights (OHPI). The study measures and interprets the health of the Arizona economy from the perspective of the Arizona consumer. The Index reflects consumers’ perceptions of both current economic conditions and future expectations. In addition to consumer sentiment, the … [More]
Housing Confidence and Job Satisfaction Increases among Key Highlights, Says Survey
More than 40% of Minority-Owned Businesses, Beauty Salons & Restaurants Struggled Paying November Rent

A rent poll, conducted among 8,092 small business owners from 10/24-10/27/20 by Alighnable, found that 44% of minority-owned small business owners could not afford to pay their full rent on time in November. That's compared to 35% of women-owned businesses and 32% of nonminority-owned small companies. Similar trends were seen among minority-owned and women-owned … [More]
Holding Steady: Foreclosures Remain Low While Serious Delinquencies Continue to Build Up
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for August 2020. On a national level, 6.6% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 2.9-percentage point increase in the overall … [More]
Strong Buyer Competition is Pushing Homes to Sell Above List Price
In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow® analysis finds the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. That is great news for prospective sellers who want to maximize their return from a potential home sale. In September, 22.4% of homes … [More]
U.S. Weekly Jobless Claims Remain High, Record Numbers Out of Work
In the week ending November 7, the advance figure for seasonally adjusted initial claims was 709,000, a decrease of 48,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 751,000 to 757,000. The 4-week moving average was 755,250, a decrease of 33,250 from the previous week's revised average. The previous week's average was revised … [More]
Consumer Price Index Unchanged Last Month, Slow Growth Ahead
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis after rising 0.2 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.2 percent before seasonal adjustment. Component indexes were mixed, with many offsetting increases and … [More]
Consumer Surveys Drive Stock Prices, Research Shows
New research co-authored by a Rice University professor of marketing finds that businesses interested in improving their stock prices should focus on improving customer satisfaction. The study, published in the Journal of Marketing Research, analyzed quarterly data from 273 companies over a 10-year period and found that short interest — a measure of short seller activity — … [More]
Intense Buyer Demand Continues to Drive Hot Housing Market
Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow's Weekly Market Report1. Sales remain high above last year and are expected to stay robust in the coming months. Time on market still short as pending sales stay high over 2019 Robust buyer-side demand … [More]
The U.S. Added 638,000 Jobs Last Month, the Unemployment Rate Fell Sharply to 6.9%
Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In October, notable job … [More]
Arizona Visitor Spending Down $10 Billion through September
According to Arizona Office of Tourism, spending by Arizona visitors reached $9.3 billion for Jan. - Sept. 2020, which is down $10 billion (or 52%) so far through the same time period in 2019. Travel spending had started 2020 on another record pace in January and February, before plummeting in March and April due to the pandemic. It then increased slightly in May and June, but … [More]
Small Businesses Looking to Hire in October, Having Trouble Finding Qualified Labor
According to NFIB’s October Jobs Report, small businesses are looking to hire employees as they reported a historically high level of job openings in October. Overall, 55% of owners reported hiring or trying to hire in October, down 1 point from September. Thirty-three percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, … [More]
Weekly Jobless Rates Hold Steady at Record Numbers, Slowing of Economy Imminent
In the week ending October 31, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 751,000 to 758,000. The 4-week moving average was 787,000, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up … [More]
Are Veteran-Owned Small Businesses Recovering Faster?
While COVID continues to devastate the small business landscape, based on this week’s Alignable Pulse Poll, veterans who own small businesses appear to be making more progress towards recovery than their peers. Conducted among 8,092 small business owners from Oct. 24-27, 2020, the latest Alignable Pulse Poll shows greater optimism, resilience and recovered revenue among the … [More]
Report: Annual U.S. Home Price Appreciation Jumped to Six-Year High in September
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for September 2020. Nationally, home prices increased 6.7% in September 2020, compared with September 2019, marking the fastest annual acceleration since May 2014. On a month-over-month basis, home prices … [More]
World’s Largest Airlines Lost $110B in YTD Revenue, Delta Airlines Leads With a $22.4B Plunge
The entire airline industry took a tremendous hit in 2020, with countries worldwide shutting down borders and limiting travel as a response to the COVID-19 outbreak. Massive cancellations of flights to control the spread of the virus led to huge drops in airline passenger revenues and caused staggering losses to the world's largest airline companies. According to data … [More]
Housing Market Shows Signs of Seasonal Cooling Even as Historic Demand Continues
The housing market is showing signs of seasonal cooling after a scorching hot summer sales season that stretched uncharacteristically far into fall, according to Zillow's Weekly Market Report1. A nearly six-month acceleration of year-over-year list price increases stabilized this week at 11.7% above 2019. Buyers are quickly buying up what few homes are left on the market, with … [More]
Nearly 75% of Small Businesses Would Apply or Consider Applying for Second Round of PPP Funding
The NFIB Research Center released its latest survey on the impact COVID-19 has had on small businesses, the 13th survey since early March. If eligible, about 75% of small businesses reported they would apply or consider applying for a second Paycheck Protection Program (PPP) loan. About half (52%) of owners anticipate needing additional financial support over the next 12 … [More]
Truckers: The Hidden Heroes of COVID-19

When the country was ordered to shut down to slow the spread of COVID-19, a roaring economy screeched to a halt and millions became unemployed overnight. Many of us did our part, sheltering in place to protect each other and the most vulnerable among us. The first responders led the way in fighting the pandemic, putting their lives at risk in order to protect and serve us. … [More]












