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.
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.
Did you miss Eller’s Economic Outlook Luncheon on December 8, 2017? Listen to my take on how the Tucson economy is doing currently, as well as the outlook for the next decade.