As of today, a total of 8 counties, Apache, Cochise, Coconino, La Paz, Maricopa, Navajo, Pima, and Yavapai, are in the moderate transmission level. Most counties that have yet to reach moderate benchmarks for COVID-19 have metrics moving in the right direction. One county, Greenlee, has reached the minimal transmission level. This is a credit to all of the things Arizonans … [More]
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Businesses to Reopen in Low COVID-19 Transmission-Level Counties, Cautioned to Comply
Arizona Department of Health Services
Weekly Jobless Claims Again Reach More Than 1 Million, Prolonging Economic Concerns
U.S. Department of Labor
In the week ending August 22, the advance figure for seasonally adjusted initial claims was 1,006,000, a decrease of 98,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 1,106,000 to 1,104,000. The 4-week moving average was 1,068,000, a decrease of 107,250 from the previous week's revised average. The previous week's average … [More]
GDP Decreased at Annual Rate of 31.7% in Q2, Says Updated Estimate
U.S. Bureau of Economic Analysis
Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate … [More]
Fed Shifts Policies for Longer Periods of Lower Interest Rates
Federal Reserve Board
Following an extensive review that included numerous public events across the country, the Federal Open Market Committee (FOMC) on Thursday announced the unanimous approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy, which articulates its approach to monetary policy and serves as the foundation for its policy actions. The updates reflect … [More]
Business Compliance Essential to Safely Resuming Operations, Reminds ADHS
Arizona Department of Health Services
With the state’s most-populous counties potentially progressing to the next phase of safely resuming business operations tomorrow, certain businesses will be able to join others already operating with reduced capacity and following other strict requirements to reduce the spread of COVID-19. For businesses to remain open, compliance with public health requirements is … [More]
More Than $10 Billion in Unemployment Benefits Issued During Pandemic in Arizona
Arizona Department of Economic Security
The Arizona Department of Economic Security (DES) announced today it has distributed more than $10 billion in state Unemployment Insurance (UI),Pandemic Unemployment Assistance (PUA), Federal Pandemic Unemployment Compensation(FPUC) and Lost Wages Assistance (LWA) since the week ending March 7, 2020. Last week,Arizona became the first state in the nation to begin issuing LWA. … [More]
EN NEGOCIOS: 7 estrategias comprobadas para ayudar a una pequeña empresa a crecer durante COVID-19
por Edgar R. Olivo
Recientemente, tuve una conversación sobre estrategias de ventas con el propietario de una pequeña empresa local que se vio afectada por la crisis de COVID-19 durante uno de nuestros grupos de emprendedores. Me preguntó: "¿Qué puedo hacer para hacer crecer mi negocio durante estos tiempos?", Le respondí, "volvemos a lo básico". Para mí, volver a lo básico significa … [More]
7 Proven Strategies to Help a Small Business Grow during COVID-19
by Edgar R. Olivo
During one of our entrepreneur groups recently, I was having a conversation about sales strategies with a local small-business owner who was impacted by the COVID-19 crisis. He asked, "What can I do to grow my business during these times?" I replied, "We go back to the basics." To me, going back to basics means focusing and building on the relationships with your clients and … [More]
BREAKING: Maricopa, Pima, and Pinal Counties Likely to Meet Moderate Benchmarks for Businesses to Reopen this Thursday
Arizona Department of Health Services
Over the last few months, Arizonans have worked together to help slow the spread of COVID-19. From wearing masks, physically distancing, and limiting congregating — their efforts have been a success and a model for the country. This responsible approach has resulted in three of our major counties progressing to the next phase of safely reopening. Based on current data, ADHS … [More]
One in Five Small Businesses Say They Will Have to Close Their Doors if Economic Conditions Don’t Improve in Next Six Months
NFIB
The NFIB Research Center released the latest COVID-19 related survey assessing the health crisis impact on small businesses. Congress is currently negotiating additional financial support for small businesses after the initial Paycheck Protection Program (PPP) loan period expired on August 8. If eligible, 44% of small businesses surveyed said they would apply or re-apply for a … [More]
70% Decrease in Banking Institution Net Income in Q2 Compared to 2019
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) reported that commercial banks and savings institutions saw a decrease in net income of 70 percent from a year ago, while liquidity and capital levels remained very strong to meet loan demand and absorb any losses in the future. For the 5,066 commercial banks and savings institutions insured by the FDIC, aggregate net income … [More]
U.S. Single-Family Rent Prices Downshift Again in June, Metro Phoenix Tops Lists
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 more than 80 metropolitan areas. Data collected for June 2020 shows a national rent increase of 1.4% year over year, down from a 2.9% year-over-year … [More]
Guidance Issued to Clarify Employers’ Obligations to Track Teleworkers’ Compensable Hours
U.S. Department of Labor
With telework arrangements expanding in response to the coronavirus pandemic, the U.S. Department of Labor’s Wage and Hour Division (WHD) today issued Field Assistance Bulletin 2020-5 to clarify an employer’s obligation to track the number of hours of compensable work performed by employees who are teleworking or otherwise working away from premises controlled by their … [More]
July U.S. Jobless Claims Higher than 2019, Lower than June 2020
U.S. Bureau of Labor Statistics
Unemployment rates were lower in July in 30 states, higher in 9 states, and stable in 11 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate increases from a year earlier. The national unemployment rate fell by 0.9 percentage point over the month to 10.2 percent but was 6.5 points higher than … [More]
Arizona State Fair Is Cancelled due to COVID-19 Concerns
Arizona State Fair
The Arizona Exposition & State Fair Board today announced their decision to postpone the 2020 Arizona State Fair. After reviewing information from staff, seeking guidance from the Arizona Department of Health Services and analyzing all of the options, the Board voted unanimously to postpone the event due to COVID-19. “As a self funded state agency, this decision to … [More]
TESTING: Free COVID-19 Saliva Testing Available
State of Arizona Office of the Governor
The Arizona Department of Health Services and ASU Biodesign have partnered to make available COVID-19 saliva testing for Arizonans. It’s quick, easy and free. Testing is available this morning in Tempe and Tucson. Details: Tempe Testing Where: Tempe Diablo Stadium - 2200 W Alameda Dr, Tempe, AZ 85282 When: 6:30 AM – 9:30 AM How: Pre-registration is required Tucson … [More]
Weekly Jobless Claims Back Over a Million, Increase of 135,000
U.S. Department of Labor
In the week ending August 15, the advance figure for seasonally adjusted initial claims was 1,106,000, an increase of 135,000 from the previous week's revised level. The previous week's level was revised up by 8,000 from 963,000 to 971,000. The 4-week moving average was 1,175,750, a decrease of 79,000 from the previous week's revised average. The previous week's average was … [More]
Suites Not Constructed for Different Kind of Phoenix Open in 2021
The Thunderbirds
Over the last five months, the world has been rocked by unprecedented challenges due to the COVID-19 pandemic. As the hosts of one of the leading community-driven sporting events in the world, The Thunderbirds are doing everything in our power to continue to lead community involvement through the Waste Management Phoenix Open and the hundreds of charities that we … [More]
