The number of jobs in Arizona has grown by 2.3 percent in the past year, according to a report from the Arizona Office of Economic Opportunity. Click the link below to read the full article. View Article
Did you know that Arizona’s top two trading partners are Mexico and Canada? Further, since 2002 the dollar value of Arizona’s exports to Mexico and Canada have increased rapidly, rising by 147%. Many economists believe that the North American Free...
In 2016, business growth in the Tucson MSA accelerated to 0.4%. Despite the last place ranking among peer western MSAs this was a considerable improvement over the substantial decline during the Great Recession and the previous year, as illustrated in...
Tourism is a key economic driver of the state of Arizona. In 2016, it was the leading export industry in Arizona according to the Arizona Office of Tourism. Additionally, it directly supported nearly 185,000 jobs during that same year. The...
Benchmarking economic performance across metropolitan areas requires us to think about activities across many different dimensions. Certainly, overall job, population, and income growth matters, but growth rates alone do not tell us much about prosperity. On that dimension, economists generally...
Productivity is a key driver of our standard of living. It contributes to rising wages and income, as well as increased leisure time. Measured by output per worker hour, productivity increases when we find new and better ways to produce...
How did the Tucson economy perform last year? Compiling and summarizing all the relevant data can be daunting. However, the MAP Dashboard makes the process quick and informative. From the Dashboard, we know that the Tucson economy improved in 2016...
Job growth is a key measure of a local economy’s overall performance. Increasing employment tends to drive reduced unemployment and higher income growth. It can also lead to improved prosperity, particularly when the new jobs pay above average wages. In...
When it comes to extreme weather conditions like thunderstorms, hail and flooding, the Tucson region sees the highest yearly frequency as compared with other in and around cities like Austin, Las Vegas, Phoenix, Portland and San Diego. Click the link...
Prices for homes purchased in the Tucson Metropolitan Statistical Area (MSA) increased by 6.8% between the fourth quarter of 2015 and the fourth quarter of 2016, according to the Federal Housing Finance Agency. Tucson’s house price appreciation was greater than...
