Arizona’s Economy on the Rise

     

    Happy Monday!!

     

    It is great to see that Arizona is thriving!! We were ranked #2 for job growth AND ranked #4 in fastest growing state in the US!! It is also projected that the growth we have been seeing will only continue through 2026. With the projections for this type of growth, home builders have been struggling to keep up with demand.

    With continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum.

     

    Steady growth was seen across all areas of Arizona, as every major metropolitan area in the state experienced solid job growth and consistently low unemployment rates. Looking from the second quarter of 2017 to the second quarter in 2018, Arizona’s economy grew 6.8 percent compared to 5.4 percent nationwide. Employment increased by 93,900 workers, a 3.3 percent increase from Dec. 2017 to Dec. 2018, while population growth was at 2.2 percent, which was significantly higher than the 0.4 percent experienced nationwide.

     

    If you would like to read the full article, please click the click below:

     

    https://azbigmedia.com/arizonas-economy-growth-jobs-expected-to-outpace-u-s-averages/

     

    Do you personally know anyone that is moving here to Arizona??

    If you have any questions or need assistance, please do not hesitate to reach out!! As always …. we are a call/text/email away from helping you 🙂

    We are also open to taking suggestions on topics that you would like me to discuss or touch on!

     

     

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    Our agents write often to give you the latest insights on owning a home or property in the local area.