This week, Arizona joins the nation in celebrating Small Business Week and is recognizing the more than 592,000 small businesses throughout the state. Small Business Week honors the entrepreneurs, small business owners and employees who help power the economy and support their communities. Small businesses are the backbone of Arizona’s economy, making up more than 99% of … [More]

The greater Phoenix unemployment rate plummeted to 5.9 percent, with 51,300 jobs added during August, according to the Arizona Office of Economic Opportunity. Arizona’s seasonally adjusted unemployment rate also hit 5.9 percent for the month, well below the U.S. rate of 8.3 percent. The metro area now has 2.1 million in the workforce, up from 2.0 million in April, but less … [More]

As devastated industries wait for Congress to pass another round of COVID-19 recovery legislation, a new surveyof American Hotel & Lodging Association (AHLA) members shows that the hotel industry remains on the brink of collapse because of the pandemic. Results show 68 percent of hotels have less than half of their typical, pre-crisis staff working full time, and without … [More]

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the second quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 6.6% year over year. This represents a collective equity gain of $620 billion, … [More]

Arizona’s economy posted strong gains in August, adding nearly 80,000 jobs over the month. The state’s unemployment rate dropped to 5.9%, down from 10.7% in July and lower than the U.S. overall rate of 8.4%. During August, the private sector in Arizona recorded a gain of 30,400 jobs, which is 12,200 more jobs than the ten year average for the month. Gains were posted across … [More]

Home prices across the United States continued to climb in August, rising at an annualized 8.6 percent from the prior month, the second highest month-over-month rate of 2020, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN). The Radian HPI is the most comprehensive and timely measure of U.S. … [More]

In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 884,000 to 893,000. The 4-week moving average was 912,000, a decrease of 61,000 from the previous week's revised average. The previous week's average was … [More]