Consumer prices rose by an average of 7% in U.S. cities last year, the steepest rise in decades, and they grew even faster in the Phoenix metro area, according to new data from the Bureau of Labor Statistics.... Read more»
As COVID-19 pummels away in Arizona, unemployment in the state dipped slightly in December, with the restaurant and entertainment industries continuing to take the hardest hits. The unemployment rate dropped 0.5%, putting Arizona among 20 states to post December decreases.... Read more»
Thousands of dollars started arriving in Arizonans’ bank accounts this week as the first payments from the massive coronavirus relief package began to be distributed in the form of expanded unemployment benefits and direct stimulus payments. ... Read more»
Unemployment claims set a record for a third straight week last week, when 129,215 Arizonans filed jobless claims. They were among the 6.6 million Americans who filed first-time jobless claims in the week as COVID-19 continued to batter the economy. ... Read more»
New unemployment claims rose to almost 3.3 million last week, an increase of 3 million over the previous week and the highest on record, according to numbers released Thursday by the Labor Department. ... Read more»
President Trump backed away Friday evening from his threat to impose tariffs on Mexican imports, after Mexico agreed to "curb irregular migration" and deploy troops to its southern border. U.S. authorities will "immediately expand" the policy of sending back migrants who request asylum.... Read more»
President Trump has once again threatened to punish Mexico over migrant crossings with a tariff — this time of up to 25 percent — but critics including the Az Chamber of Commerce and Rep. Grijalva called the move everything from "baffling" to "unhinged."... Read more»
Once the government starts up and employees are paid back wages, the economy should recover from the 35-day shutdown.... Read more»
Arizona had the smallest gap between men’s and women’s pay among states in 2012, with women in the state earning about 87 cents to the dollar, according to data from the Bureau of Labor Statistics.... Read more»1
An interview with Mark Stegeman, TUSD Governing Board member. Also, comet discoverer Dr. David Levy. Then, our monthly segment on animal care with Dr. Douglas A. Rohn of Veterinary Specialty Center Tucson. Plus, we chart the future of the Arizona economy with USU Prof. Dennis Hoffman of the W.P. Carey School of Business.... Read more»
With Congress at an apparent budget impasse, a looming government shutdown could send thousands of federal workers in Arizona home next week and pull millions of dollars from the state’s economy in the process. It’s not clear how many of the more than 40,000 federal workers in the state would be affected – or even if there will be a shutdown at all before the Tuesday deadline for a budget deal.... Read more»
Today on Buckmaster - Pima County Supervisor Ray Carroll, Joe Snell, of Tucson Regional Economic Opportunities Inc., and Dennis Hoffman, Arizona State University economist.... Read more»
Today on Buckmaster - We kick off the show with a look at the Arizona economy with Arizona State University economist Dennis Hoffman. Then, certified financial planner Shelly Fishman has the Tuesday Money Maker Report. Next, aging expert Gale Morgan has her monthly report. Plus, historian Tom Sheridan discusses the revised edition of his book "Arizona: A History."... Read more»
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