As cross currents buffet the Arizona economy, it looks different depending on the lens used to view it. The labor market remains very tight, generating strong job gains, low unemployment rates, rapid wage increases, and a mountain of open jobs. At the same time, retail sales has begun to slow, inflation far exceeds income growth, housing affordability has plunged, and interest rates are rising.
Where are the global, national, state, and local economies headed next? Will increasingly restrictive monetary policy succeed in bringing inflation down without causing a recession? Will state and local house prices moderate? Will rising unemployment put downward pressure on wages? Will manufacturing jobs continue to grow rapidly? Be sure to join us!
George Hammond ~ Biography
George W. Hammond is director of the Economic and Business Research Center in the Eller College of Management at the University of Arizona. He has decades of experience analyzing and forecasting state and local economies. His analysis has significant influence, reaching thousands of decision makers each year through conferences, publications, and press contacts. These have included NBC Nightly News, the Wall Street Journal, the Washington Post, the Boston Globe, and local media.