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Fed hopes for 'soft landing' for U.S. economy, but history suggests it won’t be able to prevent recession

With inflation surging to a new 40-year high and continuing to accelerate, the Fed is expected to lift interest rates a planned seven times in 2022 to cool demand and slow rising prices - but there is a likelihood of a recession in the not too distant future. ... Read more»

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Arizona unemployment hit 'historic' low of 3.3% in March, new data shows

Arizona’s unemployment rate fell to 3.3% in March, the lowest rate in almost a half-century, but the lower unemployment rate might also reflect a pandemic-driven drop in the labor force that has left some businesses hard-pressed to fill job openings.... Read more»

Tucson approves city Labor Standards Unit, despite advocates' concerns

The city of Tucson is moving ahead with their plans to create a Labor Standards Unit under the control of their Business Services Department. Advocates for Prop. 206, the $15 minimum wage ballot initiative, have said the policy requires a department to enfroce labor law and that this new unit may not cut it. ... Read more»

Arizona GOP divided over reparations for workers who refused COVID vaccine

The Arizona House of Representatives on Monday gave preliminary approval to House Bill 2198, in which employers could be forced to fork out a year’s wages as reparations to employees whose religious exemptions from a company’s COVID-19 vaccination policy were denied. ... Read more»

La economía de Arizona cerca a los estándares previos a la pandemia

A medida que se acerca el segundo aniversario de la pandemia de COVID-19, los analistas dicen que la economía de los EE. UU. ha vuelto casi por completo a la normalidad y que la economía de Arizona está operando al 97 % de lo que era en marzo de 2020.... Read more»

Analysis

Americans are returning to the labor force at a quickening rate – do they just really need the work?

The U.S. economy surprised analysts by adding 467,000 jobs in January, yet at the same time, the unemployment rate ticked up a notch, from 3.9% to 4% - conflicting results that are usually caused by an increase in the number of people rejoining the labor market.... Read more»

Analysis

The Great Resignation: Historical data, deeper analysis show it’s not as great as headlines suggest

The so-called Great Resignation was one of the top stories of 2021 as “record” numbers of workers reportedly quit their jobs - but it isn’t quite as great as it seems, since large numbers of U.S. workers have been quitting for years.... Read more»

Ducey: Texto completo del 8o y último discurso sobre el 'Estado del Estado'

El gobernador de Arizona, Doug Ducey, se centró en sus logros e ideas para el futuro el lunes cuando pronunció su discurso sobre el estado del estado por octava y última vez, algo que ningún gobernador de Arizona ha hecho en más de tres décadas.... Read more»

Ducey: Full text of 8th and final 'State of the State' speech

Arizona Gov. Doug Ducey focused on his accomplishments and ideas for the future Monday as he delivered his State of the State address for the eighth and final time – something no governor of Arizona has done in more than three decades.... Read more»

Analysis

Inflation, workforce participation and real wages: 3 key indicators for monitoring the economy in 2022

As the U.S. economy ended 2021 with a lot of uncertainty, three economists highlight inflation, workforce participation and real wages as key indicators they’ll be following closely in the new year to better understand how the economy is doing.... Read more»

States are hoarding $5.2 billion in welfare funds even as the need for aid grows

States are sitting on $5.2 billion in unspent funds from the federal Temporary Assistance for Needy Families program amid rising poverty rates among all age groups across the county. ... Read more»

No Supreme Court relief for N.Y. health care workers who passed on COVID-19 vaccine

The Supreme Court used its shadow docket Monday afternoon to turn down a group of health care workers who have been denied a religious exemption to New York state's mandate that they get the coronavirus vaccine.... Read more»

Arizona jobless rate continues steady decline, workforce keeps growing

Arizona’s unemployment rate continued its steady decline in October, falling to 5.2%, down a full percentage point from just two months earlier and almost one-third of the state’s pandemic high, according to the latest Bureau of Labor Statistics data. ... Read more»

There are more jobs than jobless people in 42 states

A record number of job openings and fewer workers to fill them have left 42 states with more available jobs than people looking for work, according to a Stateline analysis of federal statistics from August, the latest available. ... Read more»

Fraudsters stole $4.4 billion from Arizona DES, and it could happen again

During the pandemic, fraudsters stole $4.4 billion in federal COVID CARES Act unemployment money from the Arizona Department of Economic Security, and experts say it is bound to happen again. ... Read more»

Surging catalytic converter thefts spur state crackdowns

The number of catalytic converter thefts has skyrocketed during the pandemic, and state legislators around the country have responded with measures to thwart the thieves and prevent the sale of stolen devices.... Read more»

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