economy

Phoenix skyline

Economic diversification drives Phoenix metro economy

  Economic recovery is well underway. Employment in Phoenix metro is 75% recovered, with some industries surpassing pre-pandemic highs. Optimistic expectations from the Greater Phoenix Economic Council place full employment recovery in the third quarter of 2021. Employment is picking up faster than expected, with labor shortages being the largest hurdle to reaching pre-pandemic employment. …

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Phoenix skyline

Here’s Why Arizona’s Economy Will Bounce Back Faster than Nation

  While sectors of Arizona’s economy have suffered financial losses during the pandemic, the state is faring better than much of the nation, according to a leading economist. If Arizonans can stay masked, socially distanced and sanitized, it has a good chance for full recovery as soon as mid 2021, said the state’s heavyweight economic forecaster, …

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Federal Coronavirus Relief Efforts Near $5.6 Trillion. Here’s How It Adds Up

The outlay from the federal government and Federal Reserve to counter the U.S. economic shock from the coronavirus pandemic is approaching $5.6 trillion in loan and cash assistance to hundreds of millions of American citizens and businesses. Moreover, the amounts are likely to swell as efforts to contain the spread of the virus continue for …

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