The U.S. economy is firing on all cylinders these days, with solid real GDP, job, and income growth.
Arizona single-family house prices rose 9.0% over the year in the first quarter of 2018, according to data from the Federal Housing Finance Agency.
The benchmarked employment data produced quarterly by EBRC (available exclusively for Forecasting Project sponsors) anticipated that Arizona’s job growth in 2017 would be revised upward significant
EBRC’s rolling benchmark data, available only to Forecasting Project sponsors, suggested that Phoenix’s nonfarm payroll employment data for 2017 would be revised up.
Based on the EBRC rolling benchmark data, available only to Forecasting Project sponsors, I expected Tucson’s nonfarm payroll employment data for 2017 to be revised up significantly.
Nations, states, and local areas that concentrate on just a few industries are perceived to be riskier than better balanced regions. This makes good common sense.