Did household debt play a role in the sluggish recovery from the 2008-2009 recession? Recent research suggests that it did. What does this mean for the current COVID-19 induced downturn? The Board of Governors of the Federal Reserve System recently...
The news is currently full of the devastating economic consequences of the COVID-19 pandemic. This downturn is a result of the physical distancing guidelines deemed necessary by our government to reduce the community spread of COVID-19. So far we have...
Amid closures prompted by the COVID-19 pandemic, Arizona’s seasonally-adjusted unemployment rate spiked up significantly reaching 12.6% in April. That was below the national rate of 14.7% but was the highest reading since the beginning of the current series in 1976...
Prior to the COVID-19 pandemic, the Tucson economy posted the strongest growth in the past decade. Employment gains were at a 13 year high of 1.9% in 2019 (see figure 1), GDP outpaced the nation, and wages increased by 4.1%...
The Centers for Disease Control and Prevention (CDC) released a set of guidelines for those most at risk for severe illness from COVID-19. Included on that list are older adults, those aged 65 years and older, and people of all...
The spread of COVID-19 has created adverse economic impacts for the nation, as well as, Tucson. One sector that has been hit hard by the pandemic is the leisure and hospitality industry. This sector includes hotels, motels, restaurants and bars...
The COVID-19 pandemic has world-wide consequences for not only the health and wellbeing of individuals but also the global economy. Recent research by the Brookings Institute provides a glimpse into which regions of the U.S. are likely to be hit...
