In the week ending November 14, the advance figure for seasonally adjusted initial claims was 742,000, an increase of 31,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 709,000 to 711,000. The 4-week moving average was 742,000, a decrease of 13,750 from the previous week's revised average. The previous week's average was … [More]
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$25 Million for Medical Professionals, Additional Safety
State of Arizona Office of the Governor
At a press conference at the state Public Health Lab, Governor Doug Ducey announced a list of new actions to support hospitals and medical professionals and combat the spread of COVID-19. Arizona will invest $25 million to bolster hospital staffing in the midst of rising cases nationwide and reward frontline medical workers for their dedication. Arizona Director of Health … [More]
Sneak Peek: Phoenix Suns Trading Up New Verizon 5G Performance Center
inbusinessPHX.com
In 2012, the Phoenix Suns became the first NBA team to integrate wireless technology into their basketball operations by using tablets powered by Verizon on the team’s bench, a breakthrough collaboration at the time. Fast-forward eight years, and the Suns and Verizon are again taking sports tech to revolutionary levels with the debut of the world-class Verizon … [More]
Ducey Meets With Agency Directors to Discuss Innovations to Prioritize Public Health in Arizona
State of Arizona Office of the Governor
Governor Doug Ducey held a virtual meeting with agency directors to discuss how state agencies are innovating during the pandemic to prioritize public health and safety and continue serving Arizonans. Throughout the pandemic, agencies have adjusted by moving customer services online, implementing public health mitigation measures, enabling staff to work remotely, onboarding new … [More]
Mayor Gallego Announces New Initiative to Transform Phoenix Into a More Inclusive, Sustainable Smart City
Thunderbird School of Global Management
Thunderbird School of Global Management is spearheading a new initiative with the City of Phoenix and Mayor Kate Gallego aimed at making the Valley of the Sun a global business player and an inclusive, sustainable smart city. Mayor Gallego announced this exciting initiative at today's state of the city speech. She asked Thunderbird's Dean and Director General, Dr. Sanjeev … [More]
Arizona, Colorado & Nevada Hardest Hit by Q3 Middle Market Business Bankruptcies
Resolute Commercial Services
Middle market businesses in Arizona, Colorado and Nevada have been hit the hardest by COVID-19 in the nine-state Rocky Mountain West region, according to bankruptcy statistics outlined in the current Resolute Index prepared by Resolute Commercial Services. Identifying Regional Trends The Resolute Index is a quarterly summary of noteworthy trends in bankruptcy filings and … [More]
Suns and Gila River Partnership Brings All-New Amenities to Consumers across the Valley
Phoenix Suns
Nearly a decade before James Naismith introduced us to the sport of basketball and before Phoenix was placed on any map, the Akimel O’odham (Pima) and the Pee Posh (Maricopa) tribes joined in unity for the greater good of their communities. Together, two tribes became one, establishing the Gila River Indian Community. Since that pivotal partnership in the … [More]
More than 40% of Minority-Owned Businesses, Beauty Salons & Restaurants Struggled Paying November Rent
Alignable
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
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]
U.S. Weekly Jobless Claims Remain High, Record Numbers Out of Work
U.S. Department of Labor
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]
Expanded Wind Project to Power Arizona with More Clean Energy
Arizona Public Service
Customers of Arizona Public Service Company (APS) will soon power their homes and businesses with more clean energy. Earlier this year, APS announced a bold commitment to deliver 100% clean, carbon-free electricity to customers by 2050. By the end of 2021, APS will harness the power of Leeward Renewable Energy’s (Leeward) advanced GE wind turbine technology to help meet … [More]
ALERT: Free COVID-19 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. In addition, COVID-19 testing is available at nearly 500 sites across Arizona. Details including locations, hours of operation and contact information can be found HERE. Upcoming saliva testing opportunities … [More]
Consumer Price Index Unchanged Last Month, Slow Growth Ahead
U.S. Bureau of Labor Statistics
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]
EN NEGOCIOS: ¿Listo para crecer? 7 habilidades en demanda para llevar su negocio o carrera al siguiente nivel
por Edgar R. Olivo
Mientras vemos cómo los ciclos de la economía reaccionan a un nuevo mundo bajo presión con un nuevo soplo de esperanza de una nueva administración, muchos profesionales buscan formas de mantenerse competitivo en el trabajo. Invertir en su propio desarrollo de habilidades siempre será una de las mejores inversiones que puede hacer en una época de rápidos cambios globales. Pero, … [More]
Ready to Grow? 7 In-Demand Skills to Take Your Business or Career to the Next Level
by Edgar R. Olivo
As we watch the cycles of the economy react to a new world under duress with a new breath of hope of a new administration, many professionals are seeking ways to stay competitive in the workplace. Investing in your own skill set will always be one of the best investments you can make in a time of rapid global change. But what skills are in demand? What skills can actually help … [More]
Consumer Surveys Drive Stock Prices, Research Shows
Rice University
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]
Governor Ducey Announces Resources to Support Small Businesses, Business Recruitment and Hospitality Industry
State of Arizona Office of the Governor
Arizona’s small businesses and hospitality sector have been especially hard hit by the pandemic, with thousands of jobs lost since March. To provide a boost to these critical sectors and the Arizonans they employ, Governor Ducey today announced $7 million to support economic recovery efforts. Over the course of the pandemic, the Arizona Department of Health Services has … [More]
The U.S. Added 638,000 Jobs Last Month, the Unemployment Rate Fell Sharply to 6.9%
U.S. Bureau of Labor Statistics
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]
