ARIZONA'S ECONOMY
J U L Y

2 0 0 2

S U M M E R

Dear Readers,
The April 2002 issue of Arizona’s Economy was not printed nor mailed
due to state budget cuts. The April issue was published, however on our
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Sadly, the fiscal year 2002-03 state budget requires even deeper cuts,
and it may be necessary for us to eliminate hard copy distribution for two
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If you would like to sign up for an electronic subscription, please use
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Coming soon! On a brighter note, we are proud to announce an updated
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– Editor
I N S I D E

FORECAST TABLES ................5
2003 ARIZONA
STATISTICAL ABSTRACT .........6
ECONOMIC INDICATORS ........7

I S S U E

PATIENT(LY)
AWAITING
RECOVERY
By Marshall J. Vest
Forecasting Project Director
May 31, 2002

I

n last quarter’s report, we stated
that Arizona’s economy was in
recession and that we would need
several months of additional data
before we could declare that the recovery
had begun. With three more months of
data, we need to be patient a bit longer.
Data through April confirms a recent
report by Economy.com, a national
provider of economic information,
that Arizona is one of a handful of
states still in recession.
The national recovery is still in its early
stages. The huge 5.6% increase in real
GDP in the first quarter was misleading,
as it reflected increased federal spending
(primarily for defense) along with a slowdown in the draw down of inventories.
To be clear, inventory reduction proceeded
at a slower pace—and that adds to GDP
(accounting for three percent of first quarter
growth). But inventories are still declining.
We’ve not yet reached the rebuilding stage,
which will require ramping up production
and eventually additional jobs.
Growth during the recovery is expected
to be tepid, for a number of reasons.
• Business investment is still moribund,
and given the excess capacity in many
industries, will remain so until next year.
Additionally, poor profitability will remain
a problem for businesses.

ELLER COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

T UCSON, ARIZONA

EXHIBIT 1
No Recovery In Job Markets

EXHIBIT 2
Sales Are Moving Up!

Business Services and Non Farm Jobs
(Seasonally Adjusted)

Real Retail Sales, AZ
(1999 Dollars, Seasonally Adjusted, Smoothed)

index (Jan 99 = 100)

$ billion
40

114

% chg vs year ago
15

left

112

10
110

35

108

5

non farm
106

30
0

104

right

business services
102

25
-5

100
98

20
1999

2000

2002

• Consumers will continue spending but
there is no upside potential (or pent-up
demand). Moreover, debt levels are still
very high, and as money from mortgage
refinancing, capital gains, and tax rebates
disappears, consumers will be forced
to slow their spending to match gains
in personal income.
• The strong dollar will continue to hurt
exports.
• Federal government spending will be
the source of growth in coming months.
Federal stimulus will be offset however
by budget problems at state and local
governments, which will be a drag on
growth for another 12-18 months.
Arizona’s economy is still in recession.
Using recently revised estimates of employment as the best measure of the state’s
business cycle, the recession in Arizona
began in April (peak employment in March)
of 2001—the same timing as nationwide.
Job counts for April 2002 show an imperceptible 3300 seasonally adjusted increase
from March, which may turn out to be the
low point for this recession. We’ll need a few
more months before we can call the turn
with any confidence, however.
Businesses began to shed temp (contract)
PAGE TWO

2002

-10
91

ARIZONA’S
ECONOMY
IS STILL IN
RECESSION

92

93

94

95

96

97

98

99

00

01

02

workers ten months before aggregate non
farm employment began to drop a year ago.
These workers—the contingent workforce
—should also be the first to be rehired as
the economy picks up. With data through
April, temp jobs were still declining in
Arizona, bringing the number lost to 25,000
jobs since its May 2000 peak (Exhibit 1).
Two other leading indicators of employment are beginning to show promise,
however. The Conference Board’s index
of help wanted advertising for the metro
Phoenix area has been moving up since
November. Also, Manpower’s index of net
hiring strength for the second and third
quarters moved well back into positive
territory. Both portend an increase in hiring
in coming months.
Arizona’s manufacturing sector remains
weak, having lost 21,000 jobs over the past
16 months. Recovery before year-end is
unlikely. The Supply Management Institute’s
index of purchasing managers shows
improvement, but both orders and production
remain below 50. We forecast a decline of
6.7% for 2002 on an average annual basis
(see forecast table on page 5).
Measures of travel and tourism continue to
show improvement, but remain well below
readings of a year ago. Airline passenger
ARIZONA’S ECONOMY

EXHIBIT 3
Income Growth Revised Downward

EXHIBIT 4
Tucson & Phoenix Are Both Feeling Recession

Personal Income, AZ
(Current Dollars, Seasonally Adjusted)

Non Farm Job Growth
(Phoenix-Mesa & Tucson MAs)

% chg vs year ago
10

% chg vs year ago
8

Tucson
6
8
4

preliminary
Phoenix-Mesa
6

2

0
4

revised

2

-2

-4
1999

2000

counts were down 6.7% (in March) at Phoenix
Sky Harbor and down 2.8% (in April) at
Tucson International. Nationwide, April
passenger counts remained 13.5% below
year-earlier readings. Leisure travel is
recovering but business travel is still weak.
Transportation employment will decline
by 2.1% in 2002.
Construction employment continued to
trend downward through April. Since peaking
in March 2001, construction payrolls have
shrunk by 11,000. Office vacancies are
headed up (17.8% at the end of the first
quarter in Phoenix, 11% in Tucson) and
new space under construction is headed
downward. CB Richard Ellis data show only
800,000 square feet under construction
in metro Phoenix, only one-fourth of the
year-earlier amount. The same may be said
for industrial markets. Apartment vacancies
also are headed upward as renters take
advantage of low interest rates to purchase
housing. Apartment construction is expected
to drop by one quarter in 2002. New singlefamily construction continues to surprise
each month, down only 4.4% statewide in
March, according to the U.S. Census Bureau.
Demand for housing continues not only
from apartment dwellers, but also from new
in-migrants. Housing prices, both new and
ARIZONA’S ECONOMY

1999

2001

RECENT REVISIONS
TO PERSONAL INCOME
ALSO WERE
DOWNWARD.
THIS HELPS EXPLAIN
DISAPPOINTING
INDIVIDUAL INCOME
TAX COLLECTIONS
IN RECENT MONTHS

2000

2001

2002

resale, have increased smartly over recent
years, giving housing markets the feel of
a building bubble. When interest rates rise
later in the year, an affordability crisis will
cut demand. We expect a drop in singlefamily permits of over 20% for 2002.
Construction employment will fall by 4.6%
this year.
The biggest surprise in recent data is the
continued strength in consumer spending.
Spurred by zero percent financing for autos
and deep discounts for general merchandise,
retail sales after adjusting for inflation have
actually been increasing since April of 2001
(Exhibit 2). The shock from September
11 on spending was severe but short, and
disappears when the data is seasonally
adjusted. Though sales are increasing they
remain below year earlier levels and are
not growing very rapidly. Slow growth is
expected through the rest of this year.
Recent revisions to personal income also
were downward (Exhibit 3). Growth in
2001 now registers only 4.8%, rather than
six percent. The fourth quarter increased
by only 3.2% from year-earlier levels. This
helps explain disappointing individual
income tax collections in recent months.
We are forecasting a gain of 3.8% for 2002,
followed by 6.3% next year.
PAGE THREE

ANNUAL REBENCHMARKING
OF EMPLOYMENT
In March 2002, DES released its annual
revisions of industry employment. Estimates
for both 2000 and 2001 were revised.
Statewide, changes were minimal, but both
years were revised downward—more for
2000 (5400 jobs) than for 2001 (1500).
This marks the first time since 1990 and
1991 that revisions were downward. Over
the past 19 years, the average revision is
13,000 jobs, ranging from a high of 53,500
in 1994 to a 27,000 downward revision in
1991. The size of revisions during the past
five years is small and should become even
smaller as probability-based sampling is
introduced into the Current Employment
Statistics (CES) program.
Resulting job growth also was affected,
but only marginally. Year 2000 growth
is now set at 3.7% compared to 3.9%
reported in the first revision and 4.4% in
the preliminary version. 2001 now shows
a 1.0% gain, or 0.2% higher than originally
reported. The eighteen-year average revision
is an increase of 0.8%.
Year-over-year growth also was little changed.
Using the original estimates, December
2001 vs. December 2000 was -1.4%. Now
it is -1.2%.
In Arizona’s two largest metro areas,
revisions were offsetting. During the process,
some 2900 jobs were added for 2001 in
the Phoenix-Mesa metro, while Tucson lost
2500. Year 2001 growth in percentage
terms is now 1.1% in Phoenix-Mesa and
0.1% in Tucson. Prior to the revisions,
job counts showed Tucson weathering
the recession much better than Phoenix.
Revised data now show Tucson suffering

PAGE FOUR

equally. April job counts were down over
the past 12 months by 1.4% in Phoenix
and 1.6% in Tucson (Exhibit 4).

METRO UPDATE
Economies of both of Arizona’s largest
metros are currently declining. As noted
above, nonfarm jobs are below year-earlier
levels and are still declining. Manufacturing
payrolls also are falling. Phoenix has lost
19,000 manufacturing jobs in the past 16
months, compared to 1,600 over 11 months
in Tucson. Construction employment is
headed south in both metros: 8000 over
10 months and 1100 over 12 months,
respectively. Retail sales measures are a
little stronger in Tucson, with March 1.9%
above year ago while Phoenix is nearly
1.9% lower. The unemployment rate in April
was 5.7% in Phoenix and 4.9% in Tucson.
The outlook is similar as well. Both will
register little job growth this year on an
annual average basis, followed by gains in
the 3-3.5% range in 2003. In absolute
numbers, metro Phoenix will add 50,000
new jobs next year; Tucson about 13,000.

RISKS TO THE OUTLOOK
With the recovery proceeding slowly, the
economy remains vulnerable to shocks.
Among the list of things that might go wrong:
• Escalation of the Middle East conflict
could send oil prices soaring,
• Another terrorist attack on American
shores,
• A meltdown in the Japanese economy,
• Labor markets could lag badly, producing
a “jobless recovery,”

• Recovery in business investment could be
delayed due to a continuing squeeze on
profits or a sell-off in the stock market.
Chances for a “double dip” recession,
similar to 1980 and 1981-82, are perhaps
as high as 25%, but a convergence of
shocks would be necessary. The American
economy has withstood a number of huge
shocks in recent years—a financial shock
with the Russian bond default and bailout
of Long Term Capital Management, the
Asian crisis, terrorist attacks and the
anthrax scare. The best bet is for recovery
from one of the mildest recessions in history
to continue, albeit at a reduced pace. ■
S P O N S O R S

Arizona Department of Commerce
Arizona Health Care Cost Containment System
Arizona Joint Legislative Budget Committee
Arizona Portland Cement Company
Arizona Public Service Company
Bank One Arizona
CB Richard Ellis
City of Mesa
City of Tucson
Compass Bank
Elliott D. Pollack and Company
KB Home
Merrill Lynch
Northern Trust Bank of Arizona
Pima County

Salt River Project
Tucson Electric Power Company
Tucson Newspapers

ARIZONA'S ECONOMY

F O R E C A S T

Forecasts for Arizona
Personal Income ($ mill)
percent change
Per Capita Personal Income
percent change
Aggregate Retail Sales ($ mill)*
percent change
Population (000s, mid-year)
percent change
Net Migration (000s)
Wage & Salary Employment (000s)
percent change
Goods-Producing
percent change
Construction
percent change
Manufacturing
percent change
Service-Providing
percent change
Trade (Wholesale & Retail)
percent change
Services
percent change

T A B L E S

2001
136,366.1
5.6
25,616
2.5
55,320.1
2.0
5,323.5
3.0
97.5
2,263.1
0.9
383.4
-0.8
165.1
2.2
208.8
-3.0
1,879.7
1.3
532.1
1.0
711.2
0.4

2002
141,482.9
3.8
26,008
1.5
55,550.4
0.4
5,439.9
2.2
56.4
2,261.8
-0.1
360.7
-5.9
157.5
-4.6
194.8
-6.7
1,901.1
1.1
534.4
0.4
721.3
1.4

2003
150,440.8
6.3
27,106
4.2
58,897.8
6.0
5,550.2
2.0
87.8
2,328.7
3.0
365.3
1.3
157.2
-0.2
199.9
2.6
1,963.5
3.3
547.7
2.5
754.5
4.6

2004
162,651.2
8.1
28,531
5.3
64,024.1
8.7
5,700.8
2.7
121.4
2,437.4
4.7
389.0
6.5
170.9
8.7
210.1
5.1
2,048.4
4.3
572.9
4.6
793.7
5.2

2005
175,086.0
7.6
29,796
4.4
69,168.0
8.0
5,876.2
3.1
133.5
2,552.9
4.7
413.6
6.3
186.5
9.1
219.1
4.3
2,139.3
4.4
601.3
5.0
834.5
5.1

2006
186,849.6
6.7
30,853
3.5
73,750.2
6.6
6,056.2
3.1
132.5
2,662.5
4.3
432.8
4.6
198.1
6.2
226.5
3.4
2,229.7
4.2
630.2
4.8
876.3
5.0

2007
197,704.4
5.8
31,721
2.8
77,648.8
5.3
6,232.6
2.9
124.5
2,757.3
3.6
444.3
2.7
203.9
2.9
232.0
2.4
2,313.0
3.7
656.4
4.2
915.8
4.5

Forecasts for Phoenix-Mesa Metro Area
Personal Income ($ mill)
percent change
Per Capita Personal Income
percent change
Aggregate Retail Sales ($ mill)*
percent change
Population (000s, mid-year)
percent change
Net Migration (000s)
Wage & Salary Employment (000s)
percent change
Goods-Producing
percent change
Construction
percent change
Manufacturing
percent change
Service-Providing
percent change
Trade (Wholesale & Retail)
percent change
Services
percent change

2001
93,440.8
4.7
27,654
1.5
37,876.4
1.6
3,378.9
3.1
67.1
1,595.0
0.8
281.7
-1.8
120.4
1.2
159.2
-3.8
1,313.3
1.4
381.0
1.5
519.1
0.2

2002
96,408.0
3.2
27,911
0.9
38,020.1
0.4
3,454.1
2.2
41.7
1,593.4
-0.1
266.1
-5.5
113.8
-5.5
149.9
-5.8
1,327.3
1.1
382.2
0.3
526.4
1.4

2003
103,269.6
7.1
29,188
4.6
40,389.1
6.2
3,538.0
2.4
51.7
1,643.3
3.1
270.7
1.7
115.2
1.2
153.1
2.2
1,372.7
3.4
391.5
2.4
546.6
3.8

2004
113,111.5
9.5
30,966
6.1
44,630.8
10.5
3,652.7
3.2
81.7
1,721.9
4.8
285.8
5.6
124.3
7.9
159.2
3.9
1,436.2
4.6
409.5
4.6
572.4
4.7

2005
122,676.8
8.5
32,443
4.8
48,465.1
8.6
3,781.4
3.5
94.2
1,805.4
4.8
303.1
6.1
135.9
9.3
165.0
3.7
1,502.2
4.6
428.8
4.7
600.4
4.9

2006
132,154.2
7.7
33,794
4.2
51,890.9
7.1
3,910.6
3.4
93.8
1,883.0
4.3
317.1
4.6
145.1
6.8
169.8
2.9
1,565.9
4.2
447.4
4.3
628.8
4.7

2007
141,179.6
6.8
34,994
3.5
55,015.9
6.0
4,034.4
3.2
87.7
1,950.0
3.6
324.9
2.5
149.5
3.1
173.2
2.0
1,625.1
3.8
464.3
3.8
656.3
4.4

Forecasts for Tucson Metro Area
Personal Income ($ mill)
percent change
Per Capita Personal Income
percent change
Aggregate Retail Sales ($ mill)*
percent change
Population (000s, mid-year)
percent change
Net Migration (000s)
Wage & Salary Employment (000s)
percent change
Goods-Producing
percent change
Construction
percent change
Manufacturing
percent change
Service-Providing
percent change
Trade (Wholesale & Retail)
percent change
Services
percent change

2001
21,765.4
5.4
25,000
2.8
8,655.6
1.8
870.6
2.5
16.2
350.8
0.2
57.6
1.1
21.9
0.1
33.8
2.1
293.2
0.0
72.5
-0.2
117.3
-0.9

2002
22,694.2
4.3
25,658
2.6
8,792.8
1.6
884.5
1.6
8.6
352.6
0.5
56.5
-2.0
21.8
-0.6
33.3
-1.5
296.2
1.0
72.7
0.3
119.7
2.0

2003
24,373.8
7.4
26,902
4.8
9,336.4
6.2
906.0
2.4
16.1
365.4
3.6
57.8
2.4
22.4
2.8
33.9
1.9
307.6
3.9
74.8
2.9
126.6
5.8

2004
26,353.7
8.1
28,395
5.5
10,001.9
7.1
928.1
2.4
16.5
378.6
3.6
59.2
2.3
23.3
3.6
34.5
1.6
319.5
3.8
77.9
4.2
132.8
4.9

2005
28,096.5
6.6
29,614
4.3
10,549.7
5.5
948.8
2.2
15.0
389.6
2.9
60.1
1.7
23.9
2.8
34.9
1.2
329.4
3.1
80.6
3.4
138.0
3.9

2006
29,864.8
6.3
30,827
4.1
11,094.6
5.2
968.8
2.1
14.2
399.4
2.5
60.8
1.1
24.2
1.4
35.2
0.9
338.6
2.8
82.9
2.8
143.1
3.7

2007
31,687.3
6.1
32,046
4.0
11,631.5
4.8
988.8
2.1
14.1
409.0
2.4
61.5
1.1
24.6
1.4
35.6
1.1
347.5
2.6
84.9
2.5
148.2
3.5

* Aggregate Retail Sales includes retail, food, restaurant & bars and gasoline sales.
Source: Economic and Business Research Program, Karl Eller Graduate School of Management, Eller College of Business and Public Administration, The University of Arizona

ARIZONA’S ECONOMY

PAGE FIVE

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ARIZONA'S ECONOMY

A R I Z O N A

YUMA METROPOLITAN REGION
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses
MOHAVE-LA PAZ REGION
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Mining (Mohave County only)
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses

E C O N O M I C

I N D I C A T O R S

% change versus year ago for:
most
most
recent
recent
month
12-months

DEC
2001

JAN
2002

FEB
2002

MAR
2002

APR
2002

59,950
50,375
9,575
16.0

58,025
50,150
7,875
13.6

58,450
51,425
7,025
12.0

58,900
51,525
7,375
12.5

60,300
50,025
10,275
17.0

-5.4
1.1
-28.1
-24.0

-3.6
1.0
-16.3
-13.7

43,775
2,800
2,275
1,575
12,750
1,375
10,550
12,450

43,075
2,700
2,050
1,625
12,675
1,425
10,625
11,975

44,100
2,700
2,050
1,625
12,825
1,400
10,900
12,600

44,250
2,675
2,050
1,600
12,900
1,375
10,900
12,750

42,725
2,650
1,975
1,525
11,800
1,350
10,850
12,575

0.2
-2.8
-15.1
1.7
-4.1
0.0
6.1
2.9

0.9
-0.3
-7.0
-1.4
-0.9
-1.1
3.4
3.0

121,726
101,344
11,288
9,094
8,864
21,575

96,132
76,192
10,671
9,269
8,721
16,488

101,636
79,393
13,574
8,669
8,341
23,720

107,533
82,707
13,029
11,797
9,565
14,684

...
...
...
...
...
...

-2.6
-4.2
15.2
-7.3
8.6
24.3

1.3
1.7
7.9
-7.3
5.6
9.8

10,010
8,510
1,500
0

13,318
9,286
3,735
297

17,540
9,865
1,385
6,290

30,324
13,520
15,757
1,047

18,860
14,756
3,919
185

101.4
72.0
...
-76.4

9.6
-4.0
43.5
12.1

89
89

90
90

102
102

132
132

154
154

81.2
81.2

10.5
4.7

73,975
70,325
3,650
4.9

74,800
70,825
3,975
5.3

74,725
70,825
3,900
5.2

75,000
71,425
3,575
4.8

75,725
72,125
3,600
4.8

5.7
5.0
20.0
13.6

4.8
4.5
11.4
6.3

47,975
75
4,625
3,400
2,350
14,325
1,525
11,075
10,600

46,500
75
4,400
3,425
2,325
13,925
1,525
11,075
9,750

46,700
75
4,500
3,400
2,300
13,975
1,525
10,975
9,950

46,925
75
4,500
3,400
2,325
13,975
1,550
11,125
9,975

46,800
75
4,575
3,425
2,300
14,025
1,550
11,175
9,675

-1.9
0
-9.0
-2.8
1.1
-0.9
1.6
-2.8
0.5

0.2
-8.5
1.9
-2.6
0.8
0.1
2.2
-3.1
4.5

126,939
102,208
13,522
11,209
10,926
28,843

115,687
89,875
14,025
11,787
11,091
29,698

108,087
82,747
15,002
10,338
9,948
27,159

133,832
103,204
15,594
15,034
12,189
30,871

...
...
...
...
...
...

20.8
21.4
89.6
-14.5
0.2
33.8

5.7
8.0
9.8
-9.1
1.2
5.5

18,847
16,641
1,829
377

22,982
17,562
5,130
290

37,606
17,090
16,161
4,355

28,276
18,248
2,086
7,942

54,001
20,153
5,793
28,055

110.7
7.6
62.3
741.2

-6.4
-3.4
-9.8
-10.9

161
155

182
170

167
159

181
175

192
186

3.8
10.1

-2.2
-0.7

See notes at bottom of Arizona - Quarterly table.
ARIZONA'S ECONOMY

PAGE SEVEN

A R I Z O N A

COCHISE COUNTY
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses
SANTA CRUZ COUNTY
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses

E C O N O M I C

I N D I C A T O R S

% change versus year ago for:
most
most
recent
recent
month
12-months

DEC
2001

JAN
2002

FEB
2002

MAR
2002

APR
2002

41,350
39,375
1,975
4.8

41,200
38,975
2,225
5.4

41,825
39,475
2,350
5.6

41,875
39,700
2,175
5.2

42,000
39,900
2,100
5.0

2.7
1.9
20.0
16.9

3.8
3.4
11.6
7.5

33,400
2,100
925
1,300
8,050
725
9,000
11,300

32,525
2,100
900
1,275
7,750
725
8,775
11,000

33,125
2,050
900
1,275
7,800
725
8,975
11,400

33,200
2,075
875
1,250
7,800
725
9,075
11,400

33,125
2,075
875
1,200
7,775
750
9,100
11,350

-0.8
-4.6
-14.6
-2.0
-2.8
0.0
2.0
0.4

1.5
1.9
-7.0
-1.5
1.3
0.6
2.5
1.9

77,268
63,490
8,083
5,695
5,551
13,306

57,078
43,909
7,867
5,302
4,989
11,003

58,305
45,574
8,144
4,587
4,413
12,525

65,361
50,904
8,432
6,025
4,885
14,234

...
...
...
...
...
...

3.1
1.2
27.9
-6.9
9.1
15.2

3.7
4.8
11.6
-13.0
-0.6
-0.2

4,719
4,151
241
327

10,561
5,616
0
4,945

3,315
2,846
80
389

10,225
5,094
2,925
2,206

6,890
6,590
300
0

-29.7
32.4
-69.1
-100.0

-43.4
-18.1
-72.8
-48.0

46
46

61
61

32
32

53
53

68
68

30.8
30.8

3.2
3.2

13,425
11,900
1,525
11.4

13,325
12,050
1,275
9.6

13,150
11,925
1,225
9.3

13,050
11,950
1,100
8.4

13,025
11,950
1,075
8.3

3.6
1.9
26.5
22.1

2.1
2.6
-1.1
-2.8

12,600
400
875
1,225
4,875
450
1,550
3,225

12,550
375
875
1,225
4,850
400
1,575
3,250

12,475
375
750
1,250
4,875
400
1,550
3,275

12,525
400
750
1,250
4,850
400
1,575
3,300

12,475
400
750
1,250
4,900
400
1,500
3,275

-0.8
-5.9
-21.1
0.0
2.6
-5.9
-4.8
3.1

0.6
0.5
-10.9
-0.5
4.1
43.9
-10.5
1.9

37,773
32,088
2,896
2,789
2,719
3,368

23,764
18,700
2,622
2,442
2,298
3,152

25,092
20,068
2,884
2,140
2,059
2,802

32,694
26,306
3,712
2,676
2,170
3,420

...
...
...
...
...
...

6.8
11.4
13.1
-27.8
-15.4
-22.2

3.4
5.2
-1.4
-4.9
6.9
2.7

3,070
2,141
750
179

2,804
2,235
569
0

4,412
3,889
523
0

14,965
4,965
10,000
0

9,363
3,863
5,500
0

93.0
-9.3
830.6
...

4.3
-0.7
76.2
-59.0

18
18

20
20

30
30

38
38

35
35

0.0
0.0

-22.7
6.9

See notes at bottom of Arizona - Quarterly table.

PAGE EIGHT

ARIZONA'S ECONOMY

A R I Z O N A

GILA COUNTY
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Mining
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses
GRAHAM-GREENLEE REGION
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Mining (Greenlee County only)
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses

E C O N O M I C

I N D I C A T O R S

% change versus year ago for:
most
most
recent
recent
month
12-months

DEC
2001

JAN
2002

FEB
2002

MAR
2002

APR
2002

17,200
16,050
1,150
6.7

17,300
16,050
1,250
7.2

17,350
15,825
1,525
8.8

17,350
15,950
1,400
8.1

17,325
16,000
1,325
7.6

0.4
-1.5
32.5
31.9

1.1
0.2
15.2
13.9

13,875
675
975
950
475
3,150
275
2,800
4,575

13,675
675
900
925
475
3,125
275
2,800
4,500

13,550
675
900
850
475
3,075
250
2,775
4,550

13,700
675
900
850
500
3,100
250
2,850
4,575

13,650
675
875
850
500
3,075
275
2,800
4,600

-4.9
-3.6
-18.6
-15.0
5.3
0.8
-8.3
-1.8
-6.1

-2.4
-0.3
-7.9
-9.5
-4.1
-1.4
-2.9
5.3
-4.6

28,005
22,364
3,632
2,009
1,959
8,265

21,983
17,028
2,947
2,008
1,889
5,824

23,407
17,731
3,667
2,009
1,934
9,557

25,739
19,567
3,514
2,658
2,155
5,956

...
...
...
...
...
...

-0.8
4.4
-7.2
-22.1
-8.7
-5.5

2.6
4.9
4.5
-11.6
-2.3
6.4

3,090
2,747
0
343

15,370
4,218
3,628
7,524

9,381
3,109
3,961
2,311

9,807
6,209
500
3,098

6,796
3,907
0
2,889

-51.4
36.6
-100.0
13.8

10.1
4.8
-27.4
29.8

18
18

29
29

21
21

60
60

33
33

57.1
57.1

9.9
9.9

13,500
12,325
1,175
8.7

13,300
12,150
1,150
8.6

13,850
12,675
1,175
8.5

13,725
12,700
1,025
7.5

13,875
12,900
975
7.0

-4.0
-3.0
-15.2
-11.7

-4.9
-6.6
20.5
26.5

10,175
2,125
425
325
225
2,350
200
1,575
2,950

9,925
2,150
375
325
200
2,250
200
1,550
2,875

10,325
2,150
400
300
200
2,275
200
1,550
3,250

10,350
2,125
400
325
200
2,275
200
1,550
3,275

10,500
2,100
425
325
200
2,350
200
1,550
3,350

-5.0
-10.6
-22.7
-7.1
-11.1
1.1
-20.0
-4.6
-0.7

-9.3
-7.7
-57.4
-0.6
-4.5
1.1
1.0
-3.6
-6.8

18,955
16,076
1,704
1,175
1,145
3,317

14,491
12,064
1,416
1,011
951
4,046

15,809
13,282
1,460
1,067
1,026
2,698

18,124
15,201
1,483
1,440
1,168
5,250

...
...
...
...
...
...

-5.8
-5.3
2.0
-17.4
-3.2
60.7

-7.1
-5.5
-9.0
-20.3
-10.5
41.6

482
482
0
0

8,051
451
7,600
14,564

1,148
698
450
0

5,676
623
5,053
0

370
370
0
76

-97.3
-44.1
-100.0
-99.4

-8.7
-36.3
5.8
-60.6

4
4

4
4

7
7

6
6

6
6

0.0
0.0

-40.0
-40.0

See notes at bottom of Arizona - Quarterly table.
ARIZONA'S ECONOMY

PAGE NINE

A R I Z O N A

APACHE-NAVAJO REGION
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Mining
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses
COCONINO-YAVAPAI REGION
Civilian Labor Force, ADES
Employment
Unemployment
Unemployment Rate (%)
Employees on Nonagricultural Payrolls, ADES
Total
Mining
Construction
Manufacturing
Trans., Comm. & Publ. Util.
Trade
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Gross Retail
Retail
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total
Residential Building
Non-Residential Building
Non-Building
Number of Dwelling Units Awarded, F.W. Dodge
Total
One Family Houses

E C O N O M I C

I N D I C A T O R S

% change versus year ago for:
most
most
recent
recent
month
12-months

DEC
2001

JAN
2002

FEB
2002

MAR
2002

APR
2002

50,950
45,825
5,125
10.1

51,425
45,625
5,800
11.3

51,475
45,450
6,025
11.7

51,100
45,725
5,375
10.5

50,350
45,550
4,800
9.5

-0.7
-0.3
-4.5
-3.8

1.8
3.2
-8.6
-10.3

46,500
850
2,075
1,125
2,600
7,825
1,375
7,075
23,575

45,625
850
1,875
1,125
2,550
7,400
1,325
7,100
23,400

45,750
800
1,825
1,100
2,575
7,350
1,325
7,150
23,625

46,050
800
1,850
1,100
2,550
7,350
1,325
7,275
23,800

45,600
800
1,825
1,125
2,550
7,375
1,325
7,325
23,275

-3.6
-5.9
-18.9
4.7
4.1
-2.3
-3.6
-3.3
-3.7

0.6
-2.4
-0.4
2.8
1.0
-2.0
7.3
-1.6
1.8

70,769
58,716
5,319
6,734
6,564
19,038

56,880
45,013
4,509
7,358
6,923
13,318

54,903
43,491
5,229
6,183
5,949
14,695

64,895
49,904
5,727
9,264
7,511
15,717

...
...
...
...
...
...

9.1
15.3
11.4
-16.2
-1.8
41.9

-0.6
1.5
2.1
-12.5
-2.0
20.5

7,041
4,554
1,678
809

13,279
4,231
5,439
3,609

34,769
9,990
7,020
17,759

24,817
13,840
10,276
701

19,736
11,572
4,400
3,764

22.0
3.0
25.7
160.5

20.9
10.2
54.4
15.7

34
34

43
41

72
72

164
164

72
72

-16.3
-16.3

17.9
12.7

134,675
128,750
5,925
4.4

134,375
127,700
6,675
5.0

134,925
128,300
6,625
4.9

135,750
129,600
6,150
4.5

137,425
131,900
5,525
4.0

6.1
5.6
18.8
12.0

4.8
4.8
6.2
1.3

111,300
1,100
7,450
6,375
2,975
28,250
2,900
31,450
30,800

108,725
850
7,125
6,150
2,925
27,200
2,875
31,150
30,450

110,100
875
7,100
6,100
2,875
27,325
2,875
31,250
31,700

110,575
875
7,175
6,100
2,925
27,600
2,900
31,225
31,775

111,850
875
7,150
6,150
2,950
27,975
2,950
31,775
32,025

2.3
-28.6
-0.3
-4.3
2.6
3.2
1.7
2.5
4.4

2.0
-7.8
-1.1
3.3
0.8
2.9
-1.8
2.3
2.3

238,016
180,540
31,249
26,227
25,565
55,843

183,744
140,285
25,962
17,497
16,463
46,714

182,564
137,295
29,880
15,389
14,807
50,407

213,127
155,657
36,296
21,174
17,167
55,269

...
...
...
...
...
...

9.0
10.1
18.3
-9.9
5.6
17.3

4.2
6.0
3.2
-4.8
7.3
7.8

43,914
34,021
9,494
399

47,360
30,808
5,470
11,082

58,746
27,937
20,228
10,581

52,119
35,069
9,422
7,628

58,172
42,842
5,949
9,381

-28.1
26.8
-59.5
-71.0

-2.3
8.4
-7.9
-26.6

295
217

207
199

197
183

241
219

268
252

13.1
11.0

16.9
10.6

See notes at bottom of Arizona - Quarterly table.
PAGE TEN

ARIZONA'S ECONOMY

A R I Z O N A

E C O N O M I C

PHOENIX-MESA METROPOLITAN REGION (MARICOPA AND PINAL)
Civilian Labor Force (000s) ADES
Employment
Unemployment
Unemployment Rate, Seas. Adj. (%)
Employees on Nonagricultural Payrolls (000s) ADES
Total
Mining
Construction
Manufacturing
Durable
Nondurable
Trans., Comm. & Publ. Util.
Trade
Wholesale
Retail
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Aggregate Retail Sales
Retail
Food, EBR
Restaurants & Bars
Gasoline, EBR
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total Awards
Residential Building
Non-Residential Building
Non-Building
New Housing Units Authorized, Census C-40
Total Units
Single Family Units
2-4 Unit Structures
5-plus Unit Structures
Housing Sales and Prices, ARMLS
Total Sales ($000s)
Total Units
Average Price ($)
Phoenix Skyharbor International Airport, PSIA
Total Passengers
Total Aircraft Movements

I N D I C A T O R S

DEC
2001

JAN
2002

FEB
2002

MAR
2002

APR
2002

1,659.9
1,572.1
87.8
5.5

1,649.1
1,559.4
89.7
5.5

1,651.2
1,560.9
90.3
5.7

1,653.6
1,567.3
86.3
5.5

1,658.1
1,572.5
85.6
5.7

3.9
1.6
77.6
67.6

4.3
2.2
79.5
71.4

1,605.4
2.3
117.0
152.6
119.1
33.5
85.2
395.6
89.7
305.9
127.9
511.8
213.0

1,566.3
2.3
114.1
147.7
114.8
32.9
83.0
382.0
88.9
293.1
126.0
504.8
206.4

1,579.3
2.3
113.6
147.8
114.7
33.1
82.8
383.9
89.4
294.5
125.6
508.8
214.5

1,583.3
2.3
113.0
147.3
114.0
33.3
82.5
384.5
88.8
295.7
125.9
513.5
214.3

1,585.5
2.3
114.6
147.5
114.4
33.1
82.1
386.1
88.6
297.5
126.0
512.9
214.0

-1.4
-4.2
-5.8
-8.8
-9.5
-6.2
-6.0
1.4
-2.4
2.6
0.3
-1.7
3.9

-0.4
-5.4
-0.7
-7.4
-7.4
-7.7
-1.7
0.9
-1.2
1.5
3.0
-1.1
3.8

3,748,451
2,843,400
394,838
381,305
128,909
771,235

2,929,990
2,021,267
401,042
371,736
135,944
647,156

3,008,564
2,091,666
401,987
389,757
125,153
658,118

3,370,628
2,358,430
401,811
444,304
166,083
702,896

...
...
...
...
...
...

-0.4
-1.9
2.6
7.9
-5.9
0.8

0.3
0.3
2.6
2.6
-10.2
7.0

665,928
345,592
80,603
239,733

668,885
401,887
224,475
42,523

608,648
394,849
150,737
63,062

716,582
539,488
138,115
38,979

739,206
528,412
148,972
61,822

0.5
2.9
-21.7
96.1

-10.0
-13.6
-32.2
75.4

2,731
2,012
38
681

2,874
2,743
41
90

3,144
2,962
23
159

3,611
3,064
47
500

...
...
...
...

-13.2
-4.4
-42.7
-42.7

-7.1
0.5
-30.1
-34.1

829,518
4,665
177,817

717,587
4,260
168,448

720,856
4,143
173,994

...
...
...

...
...
...

3.7
-0.7
4.5

13.0
11.3
1.4

2,671,720
42,300

2,553,626
43,599

2,525,768
40,497

3,339,015
46,749

...
...

-6.7
-8.3

-5.3
-10.7

PHOENIX-MESA METROPOLITAN REGION (MARICOPA AND PINAL) - QUARTERLY DATA

Demographics & Vital Statistics (000s, seas adj) ADHS & EBR
Population
Natural Increase
Births
Deaths
Net Migration
Personal Income by Source ($mil, SAAR) EBR
Total Personal Income
Earnings by Place of Work
Less: Contributions for Social Insurance
Plus: Adjustment for Residence
Plus: Dividends, Interest & Rents
Plus: Transfer Payments
Per Capita Personal Income ($, SAAR) EBR

% change versus year ago for:
most
most
recent
recent
month
12-months

% change versus year ago for:
most
most
recent
recent
quarter
4-quarters

I
2001

II
2001

III
2001

IV
2001

I
2002

3,344.7
8.4
14.4
5.9
16.8

3,366.8
8.5
14.5
6.0
13.6

3,387.0
8.5
14.5
6.0
11.7

3,406.4
8.5
14.5
6.0
11.0

3,425.6
8.4
14.5
6.1
10.7

2.4
-0.1
0.8
2.1
-36.2

2.8
4.6
3.3
1.6
-41.2

92,305
70,862
4,511
-91
15,883
10,162

93,089
71,463
4,560
-91
15,793
10,484

93,825
72,010
4,605
-90
15,716
10,795

94,544
72,535
4,646
-90
15,667
11,077

95,295
73,096
4,688
-89
15,627
11,350

3.2
3.2
3.9
2.2
-1.6
11.7

4.1
4.4
5.3
2.3
-1.4
11.3

27,597

27,649

27,702

27,754

27,819

0.8

1.3

See notes at bottom of Arizona - Quarterly table
ARIZONA'S ECONOMY

PAGE ELEVEN

A R I Z O N A

E C O N O M I C

TUCSON METROPOLITAN REGION (PIMA)
Civilian Labor Force (000s) ADES
Employment
Unemployment
Unemployment Rate, Seas. Adj. (%)
Employees on Nonagricultural Payrolls (000s) ADES
Total
Mining
Construction
Manufacturing
Durable
Nondurable
Trans., Comm. & Publ. Util.
Trade
Wholesale
Retail
Finance, Ins. & Real Estate
Services
Government
Sales ($000s) ADOR
Aggregate Retail Sales
Retail
Food, EBR
Restaurants & Bars
Gasoline, EBR
Contracting
Value of Construction Contract Awards ($000s) F.W. Dodge
Total Awards
Residential Building
Non-Residential Building
Non-Building
New Housing Units Authorized, Census C-40 adjusted by EBR
Total Units
Single Family Units
2-5-plus Unit Structures
Housing Sales and Prices, TAR
Total Sales ($000s)
Total Units
Average Price ($)
Tucson International Airport, TAA
Total Passengers
Total Aircraft Movements

I N D I C A T O R S

APR
2002

DEC
2001

JAN
2002

FEB
2002

MAR
2002

402.3
384.7
17.6
4.3

400.9
382.6
18.3
4.3

403.5
384.2
19.3
4.7

402.8
384.9
17.9
4.8

402.6
385.1
17.5
4.9

3.0
1.4
59.1
53.1

3.3
2.1
46.8
42.6

354.1
1.8
21.4
33.4
28.6
4.8
11.2
74.2
10.4
63.8
15.1
115.1
81.9

346.2
1.6
20.6
33.0
28.4
4.6
10.9
71.2
9.8
61.4
15.0
114.9
79.0

350.4
1.5
20.8
32.6
28.0
4.6
10.9
72.0
9.9
62.1
15.1
116.9
80.6

350.5
1.5
21.0
32.4
27.8
4.6
10.8
71.9
10.0
61.9
15.2
117.1
80.6

349.9
1.5
20.8
32.2
27.7
4.5
10.8
71.5
9.8
61.7
15.2
116.7
81.2

-1.6
-21.1
-5.0
-5.0
-3.8
-11.8
-9.2
-1.7
-3.9
-1.3
3.4
-1.8
1.8

-0.6
-7.0
-2.0
-0.1
1.7
-9.2
-6.4
-1.3
-6.4
-0.4
3.2
-1.3
1.8

874,912
650,340
97,566
91,512
35,493
127,644

671,020
452,537
99,965
82,758
35,759
108,168

694,045
471,325
100,201
89,387
33,132
121,702

772,134
525,537
100,157
103,944
42,496
126,744

...
...
...
...
...
...

2.0
1.9
3.5
10.9
-16.1
2.7

0.6
1.5
2.4
3.0
-15.0
2.5

150,387
107,737
38,533
4,117

90,362
63,486
17,525
9,351

149,237
82,998
54,275
11,964

133,084
96,213
25,092
11,779

152,853
105,204
26,817
20,832

13.7
12.1
-25.0
326.4

-9.8
-7.7
-12.8
-16.4

585
471
113

426
373
53

793
623
170

590
531
59

...
...
...

-13.3
-12.9
-17.1

3.1
-3.8
38.4

127,954
774
165,316

116,272
743
156,489

139,318
845
164,873

167,341
1,042
160,596

...
...
...

1.6
-2.5
4.3

9.6
5.9
3.3

278,432
19,910

264,818
22,105

286,039
21,933

354,016
24,303

311,871
23,044

-9.2
4.7

-4.8
2.7

TUCSON METROPOLITAN REGION (PIMA) - QUARTERLY DATA

Demographics & Vital Statistics (000s, seas adj) ADHS & EBR
Population
Natural Increase
Births
Deaths
Net Migration
Personal Income by Source ($mil, SAAR) EBR
Total Personal Income
Earnings by Place of Work
Less: Contributions for Social Insurance
Plus: Adjustment for Residence
Plus: Dividends, Interest & Rents
Plus: Transfer Payments
Per Capita Personal Income ($, SAAR) EBR

% change versus year ago for:
most
most
recent
recent
month
12-months

I
2002

% change versus year ago for:
most
most
recent
recent
quarter
4-quarters

I
2001

II
2001

III
2001

IV
2001

863.6
1.3
3.1
1.8
4.2

868.4
1.3
3.1
1.8
3.6

872.4
1.3
3.1
1.8
2.7

875.8
1.3
3.1
1.8
2.2

879.3
1.3
3.2
1.8
2.2

1.8
4.2
2.8
1.9
-48.3

2.2
3.5
1.6
0.4
-31.8

21,421
13,706
821
154
5,104
3,279
24,806

21,652
13,827
830
157
5,132
3,366
24,933

21,879
13,951
838
159
5,151
3,456
25,080

22,109
14,087
846
161
5,162
3,546
25,244

22,346
14,230
855
163
5,175
3,633
25,414

4.3
3.8
4.1
5.6
1.4
10.8
2.5

4.9
4.4
4.7
6.3
3.1
9.9
2.7

See notes at bottom of Arizona - Quarterly table
PAGE TWELVE

ARIZONA'S ECONOMY

A R I Z O N A

ARIZONA MONTHLY DATA
Civilian Labor Force (000s) ADES
Employment
Unemployment
Unemployment Rate, Seas. Adj. (%)
Employees on Nonagricultural Payrolls (000s) ADES
Total
Mining
Construction
Manufacturing
Durable
Nondurable
Trans., Comm. & Publ. Util.
Transportation
Trade
Wholesale
Retail
Finance, Ins. & Real Estate
Services
Government
Federal
State & Local
Schools
Hours Worked Per Week, Manufacturing, ADES
Average Hourly Earnings ($) ADES
Construction
Manufacturing
Utilities
Retail Trade
Wholesale Trade
Sales ($000s) ADOR
Aggregate Retail Sales
Retail
Food, EBR
Restaurants & Bars
Gasoline, EBR
Gallons (000s) ADOT
Utilities
Communications
Amusements
Rentals - Personal Property
Contracting
Mining - Metal, Oil & Gas
Hotel/Motel
Value of Construction Contract Awards ($000s)
Total Awards
Residential Building
Non-Residential Building
Non-Building
New Housing Units Authorized, Census C-40
Total Units
Single Family Units
2-4 Unit Structures
5-plus Unit Structures
Bankruptcy Filings, U.S. Bankruptcy Court
Total
Chapter 7
Chapter 11
Chapter 13

E C O N O M I C

I N D I C A T O R S

% change versus year ago for:
most
most
recent
recent
month
12-months

DEC
2001

JAN
2002

FEB
2002

MAR
2002

APR
2002

2,467.2
2,331.7
135.5
5.8

2,453.7
2,315.5
138.2
5.8

2,460.5
2,321.0
139.5
6.0

2,463.2
2,330.8
132.4
5.9

2,470.7
2,338.0
132.7
5.7

3.5
1.8
46.0
35.7

3.8
2.3
40.5
35.5

2,283.0
9.1
159.2
202.4
158.1
44.3
109.4
69.8
551.3
111.6
439.7
152.3
705.0
394.3
50.3
344.0
190.5
40.1

2,229.8
8.6
154.7
196.8
153.4
43.4
106.9
67.3
532.9
110.2
422.7
150.4
697.3
382.2
49.2
333.0
179.2
39.9

2,250.8
8.8
154.4
196.4
152.8
43.6
106.6
67.2
535.7
110.9
424.8
150.1
703.6
395.2
49.3
345.9
191.5
39.6

2,256.3
8.8
153.8
195.7
152.0
43.7
106.4
67.5
537.4
110.4
427.0
150.5
709.0
394.7
49.1
345.6
191.7
39.7

2,256.6
8.8
155.4
195.5
152.1
43.4
106.0
67.3
538.3
108.9
429.4
150.8
707.6
394.2
49.3
344.9
191.7
40.0

-1.3
-8.3
-6.0
-8.0
-8.4
-6.5
-5.0
-5.1
0.8
-2.7
1.8
0.9
-1.5
2.4
3.8
2.2
2.8
1.0

-0.2
-4.8
-1.4
-5.8
-5.6
-6.4
-1.8
-2.5
0.6
-1.4
1.1
3.1
-0.8
3.0
1.6
3.2
3.8
-1.3

15.45
13.66
22.28
11.91
14.00

15.07
13.67
21.98
12.13
13.87

14.91
13.79
22.31
12.08
13.83

14.86
13.91
22.26
12.26
13.86

15.04
13.84
22.13
12.36
13.92

-6.1
6.9
5.1
9.1
-4.2

-2.6
5.4
8.5
5.3
-2.5

5,462,877
4,070,566
612,468
550,510
229,334
223,544
441,170
253,616
59,237
284,457
1,052,434
16,321
105,301

4,288,368
2,916,870
618,607
524,513
228,378
214,883
485,390
219,499
75,869
288,487
885,567
-9,584
154,393

4,390,288
3,002,572
620,065
558,984
208,667
200,777
451,065
253,713
74,262
285,291
923,383
20,195
183,341

4,921,892
3,387,417
619,792
636,035
278,648
225,918
410,641
283,389
87,197
318,713
975,041
25,585
209,237

...
...
...
...
...
...
...
...
...
...
...
...
...

0.9
0.1
2.0
10.4
-9.3
6.3
-1.0
18.4
1.3
0.4
3.7
-9.6
-10.9

0.7
1.1
3.3
1.5
-10.6
0.8
2.6
3.2
-0.7
1.2
6.7
-50.7
-11.6

907,488
526,576
134,628
246,284

907,536
539,780
273,571
94,185

924,812
553,281
254,820
116,711

1,025,875
733,269
219,226
73,380

1,066,323
737,669
201,650
127,004

1.0
6.5
-25.5
36.9

-9.0
-10.9
-27.2
40.7

3,726
2,926
69
731

3,878
3,672
98
108

4,354
4,032
106
216

4,791
4,198
88
505

...
...
...
...

-11.7
-4.4
-43.6
-42.5

-4.4
1.4
-10.7
-31.2

2,077
1,628
17
432

2,065
1,494
24
547

1,957
1,463
42
452

2,395
1,891
24
480

2,666
2,099
33
533

16.1
10.7
22.2
42.9

20.1
18.0
1.6
30.9

See notes at bottom of Arizona - Quarterly table.
ARIZONA'S ECONOMY

PAGE THIRTEEN

A R I Z O N A

E C O N O M I C

ARIZONA QUARTERLY DATA
Demographics & Vital Statistics (000s, seas adj) ADHS & EBR
Population
Natural Increase
Births
Deaths
Net Migration
Personal Income Derivation ($mil, SAAR) EBR
Total Personal Income
Earnings by Place of Work
Less: Contributions for Social Insurance
Plus: Adjustment for Residence
Plus: Dividends, Interest & Rents
Plus: Transfer Payments
Components of Earnings ($mil, SAAR) BEA
Wages and Salaries
Other Labor Income
Proprietor's Income
Farm
Nonfarm
Per Capita Personal Income ($, SAAR) EBR
Average Wage Per Employee, Annual Rate ($) EBR

I N D I C A T O R S

I
2001

II
2001

III
2001

IV
2001

I
2002

5,265.5
11.8
21.2
9.4
26.9

5,304.2
10.8
21.0
10.2
27.8

5,340.9
10.9
21.2
10.2
23.9

5,373.5
11.5
20.5
9.0
18.9

5,402.0
11.5
21.1
9.6
15.1

2.6
-1.9
-0.3
1.7
-43.9

2.8
-1.4
-1.7
-2.0
-21.0

134,075
96,924
5,860
465
24,906
17,640

136,947
99,286
6,004
475
25,173
18,017

137,329
99,377
6,009
475
25,034
18,453

137,113
99,062
5,990
474
24,779
18,789

138,836
99,986
6,073
478
24,885
19,560

3.6
3.2
3.6
2.7
-0.1
10.9

5.1
5.2
5.3
4.6
1.5
9.8

78,247
7,789
10,188
607
9,582
25,463
33,889

79,349
7,911
10,280
502
9,779
25,819
34,423

80,813
8,079
10,287
471
9,815
25,713
35,031

79,998
8,066
10,129
457
9,673
25,517
34,961

...
...
...
...
...
25,701
...

2.8
4.4
3.8
41.0
2.5
0.9
3.4

4.5
5.7
6.5
45.3
5.0
2.2
3.4

TRAVEL AND TOURISM - MONTHLY DATA
NOV
2001
Visits to Parks & Other Recreational Areas, ADOT, NPS & ASPB
Northern Arizona
Historical
Scenic
Water Based Recreation
Southern Arizona
Historical
Scenic
Water Based Recreation

1,041,219
90,270
269,858
681,091
214,191
36,358
152,927
24,906

DEC
2001

JAN
2002

FEB
2002

727,475
65,053
265,622
396,800
207,765
44,843
150,283
12,639

841,133
74,634
232,112
534,387
260,739
49,465
185,702
25,572

890,454
103,112
230,171
557,171
312,588
60,567
219,228
32,793

MAR
2002
1,253,892
146,250
426,556
681,086
413,129
68,173
284,312
60,644

MEASURES OF INFLATION AND PRICES - MONTHLY DATA

Consumer Price Index (1982-1984=100) BLS
U.S. - All Urban
U.S. - Wage Earners
International Border Crossings, USINS & USCS
U.S. Citizens
Aliens
Vehicles

% change versus year ago for:
most
most
recent
recent
quarter
4-quarters

APR
2002

% change versus year ago for:
most
most
recent
recent
month
12-months
-8.5
-5.4
-4.2
-11.6
-16.4
-10.6
-22.4
-8.8

-5.6
-6.9
-5.6
-5.5
-4.7
-5.0
-8.2
11.6

% change versus year ago for:
most
most
recent
recent
month
12-months

DEC
2001

JAN
2002

FEB
2002

MAR
2002

176.7
172.9

177.1
173.2

177.8
173.7

178.8
174.7

179.8
175.8

1.6
1.3

2.2
2.0

905,760
2,311,465
869,402

885,704
2,091,248
874,123

751,413
1,970,951
848,946

866,169
2,265,994
...

769,805
2,014,001
...

9.8
-0.2
-3.4

-4.5
-10.8
-2.6

Sources and abbreviations:

ADES: Arizona Department of Economic Security
ADHS: Arizona Department of Health Services
ADOR: Arizona Department of Revenue
ADOT: Arizona Department of Transportation
ARMLS: Arizona Regional Multiple Listing Service
ASBD: Arizona State Banking Department
ASPB: Arizona State Parks Board
BEA: Bureau of Economic Analysis, U.S. Department
of Commerce
PAGE FOURTEEN

BLS: Bureau of Labor Statistics, U.S. Department of Labor
Census C-40, Bureau of the Census, U.S. Department
of Commerce
EBR: Economic & Business Research Program,
The University of Arizona
F.W. Dodge, Division of McGraw Hill Information Systems
Co. (proprietary data provided by special permission)
NPS: National Park Service, U.S. Department of the Interior
NSCCC: Nogales-Santa Cruz Chamber of Commerce

PSIA: Phoenix Skyharbor International Airport
SAAR: Seasonally adjusted at annual rates
TAA: Tucson Airport Authority
TAR: Tucson Association of Realtors
USINS: U.S. Immigration & Naturalization Service,
U.S. Department of Justice
U.S. Bankruptcy Court, District of Arizona
USCS: U.S. Customs Service, U.S. Department
of the Treasury
ARIZONA'S ECONOMY

A R I Z O N A

E C O N O M I C

I N D I C A T O R S

MEASURES OF INFLATION AND PRICES - QUARTERLY DATA

Consumer Price index (1982-84=100) BLS
Western Region (U.S.)
U.S. - All Urban Consumers
U.S. - Urban Wage Earners
Price Indexes (1996=100) BEA
Gross Domestic Product
Personal Consumption Expenditures

I
2002

% change versus year ago for:
most
most
recent
recent
quarter
4-quarters

I
2001

II
2001

III
2001

IV
2001

179.2
175.7
172.2

181.2
177.5
174.2

182.1
177.8
174.1

182.1
177.3
173.5

...
177.9
173.9

2.8
1.3
0.9

3.6
2.3
2.1

108.7
109.2

109.2
109.6

109.8
109.5

109.8
109.8

110.3
110.0

1.5
0.7

2.0
1.4

See notes at bottom of Arizona - Quarterly table.

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ARIZONA'S
ECONOMY

2003 Arizona
Statistical Abstract
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