Rising prices for candy, costumes and pumpkins - coupled with a post-pandemic surge in interest in Halloween - will likely send holiday sales to a record-breaking $10.6 billion this year. Read more»
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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»
Reversing a Trump-era policy, the Department of Homeland Security said Tuesday that it will stop raiding workplaces to search for undocumented immigrants and will focus instead on “unscrupulous employers who exploit the vulnerability” of undocumented labor. Read more»
Arizona officials hailed a COVID-19 milestone Thursday, when the final county in the state crossed a coronavirus transmission threshold that lets some shuttered businesses begin the process of reopening. Read more»
President Donald Trump’s payroll tax holiday started Tuesday, but for analysts looking at the program, the holiday might as well involve a Secret Santa because no one really knows who is doing what. Read more»
New jobless claims in Arizona over the past five weeks have wiped out two-thirds of the new jobs created in the state over 10 years, according to the latest numbers from the Arizona Department of Economic Security. 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»
Arizona businesses and elected officials hailed Wednesday’s signing of the new United States-Mexico-Canada Agreement that they say preserves markets worth more than $20 billion in trade and 228,000 jobs in the state in 2018. Read more» 1
Californians have been beating a path to Arizona over the last decade – but it’s not exactly been a one-way street. While close to 500,000 people moved from California to Arizona from 2010 to 2018, just over 308,000 people were moving in the other direction. Read more»
Arizona Gov. Doug Ducey gave conditional support Wednesday to a “short as possible” border shutdown, then shifted the blame to Congress. But President Trump announced Thursday that he'll put off closing crossing on the U.S.-Mexico border. Read more»
Once the government starts up and employees are paid back wages, the economy should recover from the 35-day shutdown. Read more»
The Mexican ambassador to the U.S. said Tuesday he is confident final details can be worked out a new trade deal between the two countries and Canada, despite President Donald Trump’s sometimes disruptive border rhetoric. Read more»
U.S. Immigration and Customs Enforcement plans to boost its efforts targeting businesses by “four to five times” and will prosecute employers who knowingly hire illegal workers. Read more»
Arizona exported $13.3 billion in goods in 2015 to the 11 Pacific Rim countries involved in the Trans-Pacific Partnership. That number accounted for 58 percent of the state’s total exports that year. But President Donald Trump signed an executive order to withdraw the U.S. from the TPP. Read more»
Defense businesses in Arizona that have been hit hard in recent years by a downturn in contract spending are looking to a Trump administration for possible relief – but experts said that could take years to arrive. Read more»