INSIDE: J U L Y 2 0 0 5 • S U M M E R Real Estate Boom Turbo-Charges the Economy By Marshall J. Vest Forecasting Project Director June 1, 2005 Our view of Arizona’s economy Forecast Tables – pg. 5 Arizona Indian Tribes and Their Contribution to the State’s Economy – pg. 6 Arizona has an Estimated 500,000 Undocumented Population – pg. 8 Arizona Economic Indicators – pg. 9 I S S U E As it turns out, the jobless recovery was a “non story” in Arizona. Revisions released during the annual re-benchmarking process found an additional 28,500 new jobs statewide for calendar year 2004 (on an annual average basis). This represents the largest revision since 1996. So, rather than creating a stodgy 64,600 new jobs as initially reported, the job gain was a solid 87,800 (December 2004 vs. December 2003). Moreover, job creation was accelerating as the year came to an end, so that by March, the 12-month gain exceeded 91,400. That’s roughly the same pace that Arizona experienced during the late 1990’s investment boom! Nearly one-third of the newly-counted jobs were in retail trade (8,100). Professional and business services accounted for 5,000, and educational & health services for 1,900. Although more jobs were found, they were predominately in population-serving sectors, which means that growth continues to elude export-based/high tech sectors. Manufacturing is now growing, but not by much (900 jobs during the past twelve months) and the information sector continues to decline (down 2,800 jobs). Comparing Tucson and Phoenix sector-by-sector, we find a big difference in leisure & hospitality. Metro Tucson was much harder hit during the recession (losing 8% of its employees in this sector) and slower to recover (only now getting back to pre-recession staffing levels). Metro Phoenix, by comparison, has nearly 12% more workers than at the beginning of 2000 (Exhibit 1). The opposite is true for both manufacturing and information sectors, where metro Tucson has fared much better. Modest gains in both metros can be expected for manufacturing going forward, but recovery for information will be delayed a while longer. brightened considerably since the last EXHIBIT 1 Separate Paths to Recovery forecast update. Revisions to employment estimates now show that Arizona is creating jobs at a rapid pace, and that the “jobless recovery” was really a measurement issue rather than a lack of job creation. Additionally, consumers continue to spend robustly, and a boom in housing markets is turbo-charging the economy. As a result, we’ve raised our forecast for this year and next. Even so, the economy is likely past the point where growth is accelerating and we expect growth to slow in coming months as housing softens and consumers spend a little less freely. www.ebr.eller.arizona.edu Leisure & Hospitality Employment Index Seasonally Adjusted Consumer Finances (and Spending) Remain Healthy How can consumers continue to fuel this expansion with their free-wheeling spending? They certainly face a multitude of challenges: higher prices for many items (especially gasoline), higher interest (and mortgage) rates, heavy debt, and low savings rates. Yet consumer confidence has held up well, with readings just below 100 as measured by the Conference Board and Phoenixbased Behavior Research Center. The reason is that the overall financial condition of consumers remains excellent. Household net worth nationwide is at a record level: since the recession ended some three years ago, household liabilities have risen by $2.7 trillion, but household assets (which include the values of homes, stocks, bonds, and pension funds) have soared by $10 trillion! Delinquency rates on consumer loans have trended lower and the percentage of mortgages past due now stands at the lowest level in ten years. Moreover, job growth is strong and wages are rising at the fastest pace in five years. In Arizona, job growth exceeds 4% and private sector wages are rising at a 4.3% rate so far this year. With current income growing at the strongest pace since the investment boom of the late 1990s and with net worth at record levels, consumers have the ability to continue spending freely. Those who have trouble keeping up can tap a multitude of credit sources available to them. For some, use of interest only mortgages, no money down, no interest for several months, etc, is a time bomb that will eventually boost bankruptcies. For now, bankruptcy statistics are headed downward. On a rolling 12-month basis, retail sales in Arizona is growing at nearly a 9% rate, the fastest in five years (Exhibit 2). Restaurant & bar sales are even stronger, growing at 9.5% pace. Gasoline sales over the same period are up 17%, due to higher prices at the pump. EXHIBIT 2 Consumers Are Not Done Yet Sales Growth, Arizona % change year ago Current Dollars Real Estate and the “B” Word Red hot real estate markets are turbo-charging the Arizona economy. Although the construction industry normally comprises 6-7% of nonfarm jobs in Arizona, this industry has provided 16.8% of net new jobs over the past four years and 18.0% during 2004. Low interest rates, demand for second homes and retirement homes on the part of aging baby-boomers, and demand from immigrants have been the key factors. More recently, investor interest in real estate has provided additional demand and an “urgency” in the market not seen since the late 1970’s. Is the market experiencing a bubble—or a just a boom? What’s the difference? Well, it’s a bubble if prices get bid up higher than can be justified by economic fundamentals and then fall after the boom ends. We won’t have the answer to that for a while longer since bubbles are impossible to see until after they burst—and prices continue to move up. According to OFHEO, the regulatory agency for Freddie Mac and Fannie Mae, home prices increased 11.2% nationwide over the year ending in the fourth quarter. In Arizona, prices increased by 14.5% during the year (15.3% in Flagstaff, 14.2% in Phoenix, and 12.4% in Tucson). That placed Arizona in 10th place, with Nevada (32.4%), Hawaii (24.6%), and California (23.4%) at the top of the list. Other top-10 states were Florida, and states that share a border with Washington, D.C. Arizona's economy is in a full-fledged boom, similar to the high-tech led boom of the late 1990's. 2. EXHIBIT 3 Has Homebuilding Peaked in Metro Phoenix? Single Family Building Permits (000s) Seasonally Adjusted Annual Rate Interestingly, the OFHEO data show a rapid deceleration in most states during the fourth quarter. Nationwide, prices increased at an annual rate of 6.8% compared to 19.2% annual rate during the 3rd quarter. Could this be signaling the end of the boom? A second indicator (this time for Arizona) also begs that same question. Single family building permits statewide moved lower in early 2005. Even more intriguing is that the decline is centered in the metro Phoenix market, where permits have fallen from a 58,000 unit annual pace in SeptemberOctober of 2004 to under 50,000 in March. By contrast, metro Tucson permits continue to climb toward 11,000 (Exhibit 3). Is housing beginning to cool? Have investors abandoned Phoenix in search of new “undiscovered” markets? Will the boom turn into a bust? Will housing prices fall? Housing Affordability Headed South The surge in prices, along with higher interest rates, has seriously eroded housing affordability in recent months. Many buyers have been forced to lower their expectations and many with lower incomes have been priced out of the market. The National Association of Home Builders (NAHB) recently resumed publication of their Housing Opportunity Index (HOI), which compares affordability in some 159 metro areas across the country. Using data for last year’s fourth quarter, the most affordably market was Lima, OH where median housing prices are only $84,000. The least is Los Angeles-Long Beach where only 5.2% of homes are affordable by a median income family (median housing price is $415,000). Metro Phoenix, where a family with median income of $58,600 could afford 63.7% of homes for sale, ranked 82nd. The Tucson market was less affordable, primarily due to lower incomes, and Yuma was the most affordable of the three Arizona metros (Exhibit 4). HOI was down from the prior quarter in both Phoenix (from 67.5) and Tucson (63.8). An even better measure is published by the Arizona Real Estate Center at Arizona State University. Here, the affordability index compares the median income with the median housing price for the metro Phoenix area. An index of 120 means that the family has 120% of the income needed to buy the median priced home. The surge in prices, along with higher interest rates, has seriously eroded housing affordability in recent months. Many buyers have been forced to lower their expectations and many with lower incomes have been priced out of the market. It's still too early to tell if the real estate boom will turn into a bubble. 3. Affordability peaked in the first quarter of 2003 and plunged last spring as prices began to take off. As of the first quarter, affordability for resale homes stands at its lowest level in 15 years (for new homes, it’s the lowest in 10 years). See Exhibit 5. It’s still too early to tell if the boom will turn into a bubble, or to declare an end to the housing boom. But the market will slow soon. Fortunately, the slowdown should be relatively mild compared to past downturns. Since the early 1970’s, housing prices nationwide have fallen only twice, and both were during a recession. In the current environment, the fundamentals (an expanding economy and demographics) for housing remain positive and argue against a catastrophic drop in demand. And prices are likely to stabilize rather than decline as urgency evaporates. Housing will soon relinquish its role as the economy’s turbocharger, and may even become a modest drag on overall growth. EXHIBIT 4 Housing Opportunity Index 4th Quarter 2004 Source: National Association of Home Builders Phoenix-Mesa Tucson Yuma ◆ ❋ ● HOI◆ INCOME❋ PRICE● NATIONAL RANK 63.7 61.2 72.5 58.6 50.4 39.8 183 165 108 82 91 50 share of homes affordable for a family with median income, percent 2004 median family income ($000s), source: HUD median sales price ($000s) Source: www.nahb.org/hoi EXHIBIT 5 Housing Affordability Plunges The Outlook Housing Affordability Index, Metro Phoenix In other news, Arizona escaped the recent round of BRAC (Base Realignment and Closure) without serious harm. The state is slated to lose a modest 550 jobs, primarily due to realignment at Luke AFB and Fort Huachuca. The biggest disappointment was that no new missions were transferred in. Arizona still could capture new missions in coming months. Arizona’s economy will continue to expand, just at a slower pace that’s more in line with trend growth (see forecast tables page 5). Look for 125,000 new jobs to be created this year, then closer to 90,000 next year. Retail sales will slow from an 8.3% gain this year to near six percent next year. Population growth will exceed 200,000 each year. These huge numbers reflect trend growth for Arizona. ■ Index Source: Arizona Real Estate Center, ASU The economy is likely past the point where growth is accelerating. Expect a slowing to "trend" growth. 4. F O R E C A S T Arizona Personal Income ($ mill) percent change Wage per Employee percent change Aggregate Retail Sales ($ mill)* percent change Population (000s, mid-year) percent change Residential Permits percent change Non Farm Employment (000s) percent change Goods-Producing percent change Service-Providing percent change Trade, Trans., & Utilities percent change Prof. & Business Services percent change Leisure & Hospitality percent change Government percent change Phoenix-Mesa Metro Area Personal Income ($ mill) percent change Wage per Employee percent change Aggregate Retail Sales ($ mill)* percent change Population (000s, mid-year) percent change Residential Permits percent change Non Farm Employment (000s) percent change Goods-Producing percent change Service-Providing percent change Trade, Trans., & Utilities percent change Prof. & Business Services percent change Leisure & Hospitality percent change Government percent change Tucson Metro Area Personal Income ($ mill) percent change Wage per Employee percent change Aggregate Retail Sales ($ mill)* percent change Population (000s, mid-year) percent change Residential Permits percent change Non Farm Employment (000s) percent change Goods-Producing percent change Service-Providing percent change Trade, Trans., & Utilities percent change Prof. & Business Services percent change Leisure & Hospitality percent change Government percent change T A B L E S 2004 161,326 7.3 37,816 3.8 66,027 9.7 5,832.2 3.6 85,728 21.4 2,379.4 3.6 377.2 4.9 2,002.3 3.4 462.0 3.6 334.4 4.4 242.9 4.1 400.6 1.8 2005 176,204 9.2 39,456 4.3 72,269 9.5 6,035.2 3.5 83,802 -2.2 2,504.4 5.3 399.3 5.9 2,105.3 5.1 485.6 5.1 366.5 9.6 253.2 4.2 413.9 3.3 2006 190,891 8.3 41,290 4.6 76,352 5.7 6,236.2 3.3 76,919 -8.2 2,596.2 3.7 410.1 2.7 2,186.3 3.8 503.9 3.8 386.9 5.6 261.4 3.2 426.2 3.0 2007 204,550 7.2 43,255 4.8 80,141 5.0 6,428.9 3.1 69,682 -9.4 2,662.0 2.5 415.8 1.4 2,246.4 2.7 515.8 2.4 398.2 2.9 267.9 2.5 434.8 2.0 2008 219,728 7.4 45,312 4.8 84,291 5.2 6,616.2 2.9 67,678 -2.9 2,726.7 2.4 420.5 1.1 2,306.5 2.7 527.9 2.4 409.5 2.9 275.2 2.7 442.4 1.7 2009 236,984 7.9 47,473 4.8 89,363 6.0 6,808.3 2.9 68,382 1.0 2,802.5 2.8 426.6 1.5 2,376.1 3.0 543.4 2.9 425.0 3.8 283.3 2.9 451.0 1.9 2010 255,836 8.0 49,648 4.6 94,952 6.3 7,008.1 2.9 69,622 1.8 2,883.4 2.9 434.9 1.9 2,448.7 3.1 559.9 3.0 441.1 3.8 290.9 2.7 462.0 2.4 113,541 6.8 43,617 3.4 45,372 10.0 3,742.5 4.0 64,229 17.1 1,680.0 3.7 271.4 3.5 1,408.7 3.8 340.7 3.6 269.7 4.3 162.7 4.3 221.8 2.4 124,458 9.6 45,583 4.5 49,807 9.8 3,897.2 4.1 64,116 -0.2 1,777.4 5.8 290.1 6.9 1,487.2 5.6 358.2 5.1 294.2 9.1 170.7 4.9 230.1 3.7 135,569 8.9 47,840 5.0 52,363 5.1 4,037.2 3.6 55,909 -12.8 1,850.6 4.1 298.0 2.7 1,552.6 4.4 371.8 3.8 315.3 7.2 176.9 3.6 237.0 3.0 145,653 7.4 50,288 5.1 54,989 5.0 4,160.3 3.0 49,183 -12.0 1,897.3 2.5 298.4 0.1 1,599.0 3.0 381.6 2.6 326.6 3.6 181.4 2.5 241.5 1.9 157,126 7.9 52,965 5.3 58,328 6.1 4,285.6 3.0 50,065 1.8 1,944.0 2.5 301.0 0.9 1,643.0 2.8 391.8 2.7 334.2 2.3 187.3 3.3 245.8 1.8 170,151 8.3 55,711 5.2 62,256 6.7 4,418.4 3.1 53,014 5.9 2,001.9 3.0 308.4 2.5 1,693.5 3.1 403.8 3.1 344.5 3.1 193.8 3.5 250.8 2.0 184,224 8.3 58,484 5.0 66,294 6.5 4,556.1 3.1 55,003 3.8 2,064.3 3.1 317.2 2.8 1,747.1 3.2 416.3 3.1 356.9 3.6 199.6 3.0 257.2 2.5 24,484 6.1 36,319 3.0 9,902 7.4 931.2 2.2 10410 25.3 359.1 3.1 54.1 2.5 305.0 3.2 57.8 5.1 42.6 3.2 38.9 4.5 79.4 0.9 26,312 7.5 37,699 3.8 10,661 7.7 957.0 2.8 10573 1.6 374.5 4.3 56.5 4.4 318.0 4.3 60.5 4.5 44.8 5.3 41.4 6.6 80.8 1.8 28,474 8.2 39,409 4.5 11,276 5.8 981.9 2.6 10063 -4.8 387.2 3.4 58.6 3.7 328.7 3.4 62.3 3.1 48.4 8.1 42.9 3.6 82.0 1.5 30,409 6.8 41,144 4.4 11,780 4.5 1004.4 2.3 9052 -10.1 395.8 2.2 59.4 1.5 336.3 2.3 63.5 1.9 50.9 5.1 43.9 2.3 83.0 1.2 32,533 7.0 42,957 4.4 12,356 4.9 1026.2 2.2 8835 -2.4 403.6 2.0 59.7 0.5 343.8 2.2 64.7 1.9 52.9 4.0 44.9 2.3 84.0 1.3 34,825 7.0 44,794 4.3 12,972 5.0 1048.3 2.2 8912 0.9 411.7 2.0 60.2 0.7 351.5 2.2 66.0 2.0 54.9 3.8 46.0 2.4 85.2 1.3 37,233 6.9 46,633 4.1 13,606 4.9 1070.2 2.1 8858 -0.6 419.6 1.9 60.9 1.2 358.7 2.0 67.2 1.9 56.8 3.4 46.9 2.0 86.3 1.3 * Aggregate Retail Sales includes retail, food, restaurant & bars and gasoline sales. Source: Economic and Business Research Center, Eller College of Management, The University of Arizona www.ebr.eller.arizona.edu 5. Arizona Indian Tribes and Their Contribution to the State’s Economy By Tanis J. Salant, D.P.A. Research Associate The economic outlook for Arizona’s economy is bright: 2004 was the best year for business conditions in 10 years.1 Arizona was among the first states to recover job losses from the 2001 recession and the state continues to add jobs. Healthy consumer spending, record-high housing markets, and continued low inflation, among other factors, contribute to a healthy picture. One sector of Arizona’s economy with surging revenues is often overlooked—the economies of Arizona Indian tribes. This article takes a snapshot of Arizona’s 21 federally-recognized (i.e., sovereign) tribes and their contribution to state and local revenues. Since the U.S. Congress approved the Indian Gaming Regulatory Act in 1988, Indian tribes have grossed hundreds of millions of dollars in gaming revenues. A recent newspaper account reported that tribal gaming across the country generated $18.5 billion in gross revenues in 2004. Gaming tribes also made $100 million in charitable contributions to various organizations the same year.2 Revenues of Arizona gaming tribes are part of those statistics. Moreover, Arizona tribes recently renegotiated their 1992 agreements to include statutory contributions to state and local government. Indian Gaming Revenues: 2004 U.S. Gross Revenues: $18.5 billion U.S. Charitable Contributions: $100 million Arizona Gross Revenues: $1.35 billion Long before they began operating full service casinos with live tables and shows, Arizona Indian tribes—and their members and others who live on the reservations—have by necessity spent their incomes and revenues off reservation. Their contribution to Arizona’s economy has burgeoned since then. Fifteen tribes now operate 22 casinos in state. In fiscal year 2004 gross gaming revenues totaled $1,349,801,856, as reported by the Arizona Department of Gaming.3 Additionally, gaming tribes must now contribute a portion of their gross revenues to various agencies and programs (“tribal-shared revenues”). The statutory distribution formula (A.R.S. 5-601.02 [H]) and Section 12 of the Tribal-State Compacts require tribes to share from 1 percent to 8 percent of gross revenues, depending on the amount of gross revenues. Twelve percent of shared revenues go to counties, cities and towns ($2.6 million in 2004); 9 percent (capped at $8 million) to the Arizona Department of Gaming; 2 percent to problem gaming programs ($433,000 in 2004), and the remainder ($39 million in 2004) to school districts, the state Trauma Emergency Services Fund, the Tourism Fund, and the Wildlife Conservation Fund. The Tohono O’odham Nation provides an example of tribal-shared revenues for 2004; The Nation shared $366,346 with Pinal County, Casa Grande, Eloy, Coolidge and Gila Bend.4 It voluntarily gave the city of Tucson $646,292, the United Community Health Center $125,509, Pima County $50,000 to purchase car seats, and $175,000 to assist American Indians living in the urban area.5 The six non-gaming tribes also benefit indirectly from gaming: they receive an allotment of slot machines which they can sell to gaming tribes. Most gaming tribes also voluntarily share wealth with off-reservation charities and other sponsored events, such as United Way, the Susan G. Komen Race for the Cure, and the YWCA. Additionally, such relatively new wealth enables tribes to invest in new tribal enterprises (e.g., sand and rock companies, hotels, and golf courses), purchase land and businesses off reservation, set up full service fire, police, and other basic service departments, and expend millions off reservation to supply their enterprises and operations. Studies have also documented the off-reservation spending habits of reservation residents, in part to enlighten county and city voters that Indians do contribute to local and state taxes, although not on the reservation. In 1994, for example, Coconino County commissioned a study to determine the contribution of Navajo Nation (Western Agency only) residents to local taxes. Based on a finding of $5 million, the county board of supervisors appropriated $1 million in general funds to spend on the reservation for county infrastructure.6 Gaming revenues and tribal spending clearly play a significant role in Arizona’s economy. Arizona has a comparatively large number of tribal governments, tribal populations, tribal lands, and tribal political representation. With 547 federally-recognized tribes in the United States (half in Alaska and over 200 in California), the average number of tribes per state is about 11. Arizona’s tribes number 21, situated on 20 reservations. (The Quechan and Fort Mojave tribes are headquartered in California, the tiny San Juan Southern Paiute tribe lives on the Navajo Reservation, and New Mexico’s Zuni Pueblo has a small contingent near St Johns.) Tribes control 19.8 million acres of reservation land (26 percent of the state) and several thousand more acres off reservation—some of it held in trust status and thus non-taxable. Enrolled members make up about 5 percent of the state’s population. Arizona also has the largest tribe in the country in terms of both land area and population. The Navajo Nation spreads across six counties in three states, with headquarters in Window Rock, Arizona. It has the most complex political system of any tribe and also elects tribal members to the Arizona Legislature, three county governments, and K-12 school boards located on the reservation.7 Navajos are also employed in county offices located on the reservation or they commute to county jobs in the three county seats. Moreover, tribes without populations large enough to get members elected to off-reservation political offices now spend gaming profits to support candidates and influence issues at all levels of government (except municipal). Tribes also enter into various intergovernmental agreements with local governments for the delivery of services. A tribe will hire, say, a county public works department to grade roads. Cross-deputization with law enforcement agencies is the most common type of agreement. Tribal operations can impact local economies. In the realm of economic development and local Arizona's 21 tribes control 26 percent of total acreage and comprise 5 percent of the state's population. 6. taxes the tri-city region of Prescott, Prescott Valley, and Chino Valley has experienced competition from the Yavapai-Prescott Tribe’s retail center located just outside Prescott boundaries.8 Though the tribe is small—117 enrolled members residing on 2.2 square miles—the center redirected $3 million to $4 million in tax revenues away from the tri-city region in 2003. Such competition has necessitated serious effort on the part of municipal officials to interact with various tribes, with and without success. The Tonto Apache Tribe, contiguous to the town of Payson, has also developed commercial enterprises capable of competing with existing businesses in town, and the Fort McDowell tribe developed an off-reservation shopping mall on land it owns. Tribes have been able to purchase valuable land off reservation. Although putting private land into trust status is a lengthy process that is not always pursued, doing so gives the tribe jurisdiction to develop it as it wishes, including building casinos. The Hopi, for instance, purchased several thousand acres of ranch land in Navajo County. Yet, while the purchase was still in escrow, the Hopi chairman visited the Navajo County Board of Supervisors and other local government officials to give assurance that the tribe would maintain those lands as ranches and keep them on the tax rolls. Tribes are also participating more in local issues of a regional scope. The Tohono O’odham and Pascua Yaqui tribes in Pima County have statutory representation on the county’s newlyauthorized regional transportation authority and will cast votes on both a regional transportation plan and whether to seek a sales tax to finance it. These few examples underscore ways that Arizona Indian tribes—as sovereign governments located within 12 of the state’s 15 counties—play an important role in the state’s economy and governance. The following table gives a snapshot of Arizona’s tribes. It presents each tribe by name, 2000 census population, reservation area in square miles, governing body, and the presence of casinos (gaming revenues disaggregated by tribe are not available).9 All tribes (except the Navajo Nation) have constitutions, and all tribes have codes in which the structure of government and system of political representation are set forth. Tribal governing bodies are elected by popular TABLE 1: ARIZONA TRIBES AT A GLANCE NAME POPULATION (enrolled members of reservation) Ak-Chin 652 Cocopah 519 Colorado River 2,253 Fort McDowell 755 Fort Mohave 360 (AZ) Quechan 9 (AZ) Gila River 10,353 Havasupai 453 Hopi 6,573 Hualapai 1,253 Kaibab-Paiute 131 Navajo 100,382 (AZ) Pascua Yaqui 3,003 Salt River Pima-Maricopa 3,366 San Carlos Apache 8,921 San Juan Southern Paiute 254 Tohono O’odham 9,718 Tonto Apache 115 White Mountain Apache 11,702 Yavapai-Apache 650 Yavapai-Prescott 117 AREA (square miles) GOVERNING BODY/ GAMING NAME OF EXECUTIVE 34 9.4 353 39 37 (AZ, NV, CA) 68 (AZ, CA) 581 294 2,439 1,551 189 23,086 (AZ, NM, UT) 1.4 87 2,854 0 4,451 .13 2,602 1 2.2 Council-4/Chairman Yes Council-6/Chairman Yes Council-9/Chairman Yes Council-7/President Yes Council-8/Chairman Yes Council-6/President Yes Council-21/Governor Yes Council-6/Chairman No Council-20/Chairman No Council-7/Chairman No Council-6/Chairman No Council-89/President Pending Council-11/Chairman Yes Council-7/President Yes Council-9/Chairman Yes Council-8/Chairman No Council-22/Chairman Yes Council-5/Chairman Yes Council-5/Chairman Yes Council-9/Chairman Yes Board-5/President Yes Source: Arizona Commission on Indian Affairs vote, with the term of office four years and on a staggered basis. Additionally, most tribes in Arizona have a well-defined administrative branch with professional managers and finance directors, as well as typical departments such as economic development, public works, and human resources. Some have combined two or more small tribes into one sovereign entity. Seven tribes hold district elections, and the presiding officer is often elected at large, though not always with full executive powers; some sit as voting council members. Most tribes do not separate the executive from the legislative branch, but the larger tribes have not only an executive branch but also an independent judiciary. The presiding officer is typically called chairman, president, or governor. Length of terms are from two to four years, and the legislative body, usually called a council, is elected by district in larger tribes and at-large in the others. Reservations divided into districts also elect local district officials—a system of local government of sorts. Further, many tribes levy their own taxes, usually a sales and/or bed tax on non-reservation residents. They also charge extraction fees to private companies that mine on reservations. The Navajo Nation is one of six tribes that do not have gaming enterprises (three of the other five started casinos that eventually folded). Two referenda on gaming have been defeated by voters, but with the certain loss of millions of dollars in revenue at the end of 2005 when the Black Mesa Mine closes, two Navajo chapters (i.e., local governments) in Arizona and three in New Mexico have been granted permission to have casinos. The president of Arizona’s Leupp Chapter in Coconino County estimates that its proposed casino would bring in $30 million to $50 million in just the first year of operation.10 Arizona's Indian tribes play an important role in the state's economy and governance. 7. Summary Endnotes Economists and forecasters often overlook the economic activity of Arizona Indian tribes. In 2004 gross tribal gaming revenues amounted to $1.34 billion. State statutes and gaming compacts require that tribes contribute a percentage of gross earnings based on a sliding scale (e.g., 1 percent of the first $25 million, etc.). The annual contribution—tribal-shared revenues—is distributed to counties, cities and towns, the Arizona Department of Gaming, problem gaming programs, and various other agencies, including $21.8 million to the Instructional Improvement Fund. Moreover, Arizona tribes voluntarily contribute to community charities and political campaigns. They also vie for—and win—elective office in state, county, and regional entities. The participation of Indian tribes in Arizona economic life is significant and merits awareness on the part of Arizonans. 1. Vest, Marshall J. “2005-2006 Economic Outlook.” Arizona’s Economy. Tucson: The University of Arizona, Eller College of Management, Economic and Business Research Center, January 2005. Tanis Salant founded The University of Arizona’s Institute for Local Government in 1988 and served as director until her retirement in 2005. Her research interests include county-tribal relations, county and city charter government, municipal 2. Benge, George, “Casinos a big boost to reservation lifestyles,” Tucson Citizen, March 9, 2005, 4B. 3. “O’Odham Nation to distribute $366,346 in Ariz.,” Tucson Citizen, April 15, 2005, 3D. 4. Arizona Department of Gaming web site, www.azgaming.gov. 5. Burchell, Joe, “Tribe’s gaming lifts local programs, Arizona Daily Star, March 16, 2005, B1. 6. Salant, Tanis J. “An Examination of Tax Revenues Generated by the Navajo Nation in Coconino County, Arizona.” Tucson: Office of Community and Public Service, The University of Arizona, 1994. 7. Salant, Tanis J. and Carol L. Whittaker, County-Tribal Relations: Six Southwestern Counties and the Navajo Nation. Tucson: Department of Community Affairs and Economic Development, The University of Arizona, 1997. 8. Salant, Tanis J. “The Compound State: Intergovernmental Relations in Arizona.” Pieces of Power: Governance in Arizona. Phoenix: Arizona Academy, 2001. 9. Various tribal constitutions. Tucson: University of Arizona Law Library. incorporation, and the public costs of criminal illegal immigration. She teaches for the School of Public Administration and Policy and researches special topics for the 10. Arizona Commission of Indian Affairs. 2003-2004 Arizona Tribal-State Resource Directory. Phoenix, Arizona: Arizona Commission of Indian Affairs, 2003. Web site: www.indianaffairs.state.az.us Economic and Business Research Center. 11. “New casino is proposed for area of Navajo land,” Arizona Daily Star, March 14, 2005, B2. Related articles by author on EBR website: • Grading Arizona Government’s Performance • Professional Public Management: A Competitive and Critical Factor in Arizona’s Economy ■ Arizona has an Estimated 500,000 Undocumented Population By Alberta Charney, Ph.D. Senior Research Economist April 4, 2005 In a recent report published by the Pew Hispanic Center, researcher Jeffrey Passel estimates the size and characteristics of the undocumented population in the United States. According to Passel, the number of undocumented residents in the U.S. reached 10.3 million in March 2004. More than half of these (57%) are undocumented Mexicans. The study also estimates that 80 to 85 percent of all migration from Mexico has been undocumented in recent years. Two methodologies were used to estimate the number of undocumented residents, depending on the state. For the U.S., California, New York, Texas, Florida, Illinois and New Jersey, states with historically large undocumented resident populations, the “residual method” was used. In this method, undocumented migrants are estimated as the difference between the total foreign-born population and the legal foreign-born population. Estimates of the total foreign-population are based on the March 2004 Current Population Survey, with adjustments for misreporting of place of birth and application of correction factors derived from official 2000 estimates of the census undercount. The methodology for estimating undocumented residents for the remaining 44 states and the District of Columbia was a “synthetic method.” In this method, the ratio of undocumented residents to the total foreign-born population for the entire group of 45 regions was applied to the total foreign-born population in each of the 45 states (including DC). The largest undocumented migrant population over the 2002-2004 period were in California (2.4 mil), Texas (1.4 mil), Florida (850,000), New York (650,000), Arizona (500,000), Illinois (400,000), New Jersey (350,000), and North Carolina (300,000). All remaining states and the District of Columbia have an estimated 3.15 million undocumented migrant persons. For the complete study, go to: http://pewhispanic.org/reports/report.php?ReportID=44 ■ 80-85 percent of migration from Mexico has been undocumented in recent years. 8. 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 APACHE COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Service-Providing Trade, Transportation, and Utilities Other Private Service-Providing Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units NAVAJO COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Mining and Construction Manufacturing Service-Providing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units % change versus year ago for most recent: month 12-months DEC 2004 JAN 2005 FEB 2005 MAR 2005 APR 2005 21,975 19,650 2,325 10.6 20,075 17,975 2,100 10.5 20,125 17,975 2,150 10.7 20,150 17,950 2,200 10.9 20,350 18,150 2,200 10.8 -0.6 0.1 -6.4 -5.8 -0.6 0.4 -7.3 -6.7 20,100 6,450 675 19,425 2,025 3,750 13,650 3,075 10,575 19,300 6,400 600 18,700 1,825 3,975 12,900 3,100 9,800 19,550 6,350 550 19,000 1,825 3,975 13,200 3,100 10,100 19,800 6,550 650 19,150 1,850 4,050 13,250 3,100 10,150 19,975 6,675 650 19,325 1,850 4,175 13,300 3,125 10,175 2.0 2.7 -7.1 2.4 -1.3 6.4 1.7 3.3 1.2 0.8 -0.7 -14.2 1.4 -0.7 2.0 1.6 2.8 1.2 11,947 6,248 836 4,862 2,567 6,987 878 9,314 4,101 579 4,634 2,570 5,128 640 9,678 4,743 752 4,183 2,134 6,447 765 12,346 5,425 785 6,136 2,569 6,865 985 ... ... ... ... ... ... ... 7.8 -1.6 17.7 16.4 -4.9 37.1 40.3 10.2 4.5 12.9 15.8 0.0 -18.9 7.6 3 3 Note: Apache County is not required to report monthly in 2005 36,850 34,050 2,800 7.6 37,025 33,975 3,050 8.2 36,850 33,750 3,100 8.4 36,575 33,400 3,175 8.7 37,025 33,975 3,050 8.2 -2.1 -2.0 -3.2 -1.1 -2.1 -1.8 -5.1 -3.1 28,425 17,600 3,225 2,350 875 25,200 5,450 625 550 1,125 3,150 2,675 800 10,825 1,600 9,225 28,025 17,325 3,100 2,225 875 24,925 5,350 625 550 1,150 3,150 2,650 750 10,700 1,425 9,275 28,175 17,300 3,075 2,225 850 25,100 5,350 625 550 1,175 3,150 2,625 750 10,875 1,425 9,450 28,275 17,475 3,100 2,250 850 25,175 5,375 625 550 1,175 3,175 2,700 775 10,800 1,450 9,350 28,675 17,875 3,175 2,300 875 25,500 5,475 625 525 1,200 3,175 2,925 775 10,800 1,475 9,325 -0.5 1.6 -0.8 -1.1 0.0 -0.5 1.4 0.0 -8.7 11.6 3.3 1.7 0.0 -3.8 -10.6 -2.6 -1.1 0.0 -1.1 -4.0 8.0 -1.1 -0.3 3.7 -22.3 11.5 2.6 1.7 -5.5 -2.9 -4.8 -2.6 79,178 62,644 6,054 10,480 5,533 12,446 1,884 64,615 49,916 5,313 9,386 5,205 12,739 1,418 62,040 47,229 5,484 9,326 4,758 12,716 1,992 72,114 52,402 5,737 13,975 5,850 12,444 2,007 ... ... ... ... ... ... ... 7.7 5.0 0.2 23.5 0.9 42.4 4.2 9.2 8.7 2.8 15.4 -0.7 17.7 -0.5 48 48 22 22 12 12 47 47 50 50 13.6 13.6 22.4 14.5 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. www.ebr.eller.arizona.edu 9. 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 GRAHAM COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Service-Providing Trade, Transportation, and Utilities Other Private Service-Providing Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting COCONINO COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Mining and Construction Manufacturing Service-Providing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units JAN 2005 FEB 2005 MAR 2005 APR 2005 12,700 11,975 725 5.7 12,650 11,900 750 5.9 12,650 11,900 750 5.9 12,625 11,825 800 6.3 12,750 11,925 825 6.5 4.1 4.4 0.0 -3.9 2.6 3.4 -7.8 -10.2 7,850 4,450 550 7,300 1,425 2,475 3,400 300 3,100 7,700 4,400 550 7,150 1,400 2,450 3,300 300 3,000 7,850 4,425 525 7,325 1,400 2,500 3,425 300 3,125 7,850 4,475 550 7,300 1,400 2,525 3,375 300 3,075 7,825 4,425 550 7,275 1,400 2,475 3,400 300 3,100 6.5 -1.7 0.0 7.0 -1.8 -2.0 19.3 -7.7 22.8 6.8 -0.8 1.2 7.3 -2.3 -0.4 19.7 -1.9 22.6 19,771 16,187 1,682 1,902 1,004 2,245 15,204 12,035 1,413 1,756 974 1,680 15,883 12,364 1,636 1,883 961 2,023 18,390 14,518 1,574 2,298 962 2,576 ... ... ... ... ... ... 21.6 21.4 11.4 31.5 7.5 2.1 9.2 7.3 6.1 26.3 9.0 -13.9 67,400 64,100 3,300 4.9 67,300 63,600 3,700 5.5 67,500 64,000 3,500 5.2 67,300 63,800 3,500 5.2 67,900 64,500 3,400 5.0 2.0 2.4 -5.6 -7.4 2.9 3.5 -7.8 -10.4 61,000 42,200 7,100 3,600 3,500 53,900 9,500 500 1,600 3,300 6,900 11,500 1,800 18,800 3,100 15,700 59,900 41,500 7,200 3,600 3,600 52,700 9,100 500 1,500 3,300 6,900 11,200 1,800 18,400 3,000 15,400 60,900 41,900 7,200 3,600 3,600 53,700 9,200 500 1,600 3,300 6,900 11,400 1,800 19,000 2,900 16,100 61,600 42,600 7,300 3,700 3,600 54,300 9,100 500 1,600 3,500 7,000 11,800 1,800 19,000 3,000 16,000 62,300 43,700 7,500 3,800 3,700 54,800 9,400 500 1,600 3,500 7,000 12,400 1,800 18,600 3,000 15,600 4.9 7.1 19.0 15.2 23.3 3.2 2.2 0.0 0.0 2.9 4.5 9.7 0.0 0.0 -6.3 1.3 4.5 6.5 16.9 18.5 15.3 3.1 1.1 9.1 0.0 6.8 1.1 9.5 5.7 0.4 -4.0 1.3 126,561 91,594 20,439 14,528 7,670 25,568 9,988 90,649 61,335 15,713 13,602 7,543 15,901 6,536 98,780 66,495 18,536 13,749 7,015 17,424 7,818 122,397 77,069 23,664 21,664 9,068 22,779 14,829 ... ... ... ... ... ... ... 6.6 2.5 10.9 18.6 -3.1 9.9 13.3 6.8 4.9 6.7 16.1 0.4 -6.5 8.4 68 68 38 33 47 47 54 54 50 48 -39.8 -42.2 -39.4 -18.0 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. 10. % change versus year ago for most recent: month 12-months DEC 2004 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 GREENLEE COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Service-Providing Trade, Transportation, and Utilities Other Private Service-Providing Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel* % change versus year ago for most recent: month 12-months DEC 2004 JAN 2005 FEB 2005 MAR 2005 APR 2005 3,600 3,450 150 4.2 3,625 3,425 200 5.5 3,625 3,425 200 5.5 3,600 3,400 200 5.6 3,625 3,425 200 5.5 3.6 3.8 0.0 -3.4 1.7 3.4 -20.7 -22.0 3,625 3,100 2,575 1,050 225 300 525 50 475 3,600 3,075 2,550 1,050 225 300 525 50 475 3,600 3,100 2,575 1,025 225 300 500 25 475 3,650 3,125 2,600 1,050 225 300 525 50 475 3,650 3,125 2,600 1,050 250 275 525 50 475 5.8 7.8 9.5 -2.3 11.1 -8.3 -4.5 0.0 -5.0 3.5 4.4 6.9 -3.8 -0.9 -10.1 -1.2 9.5 -2.1 8,616 7,866 247 503 265 286 256 7,761 7,130 181 450 250 -2,084 511 8,343 7,627 196 519 265 270 364 9,313 8,405 236 672 281 320 240 ... ... ... ... ... ... ... 28.5 27.9 0.7 53.3 25.3 -79.3 -35.8 30.7 31.7 -0.3 32.6 14.5 -43.5 7.7 88,400 85,200 3,200 3.6 88,500 85,100 3,400 3.8 88,600 85,100 3,500 4.0 88,100 84,500 3,600 4.1 89,500 85,800 3,700 4.1 3.0 3.1 0.0 -2.9 4.0 4.7 -10.5 -13.9 57,500 46,600 10,800 7,500 3,300 46,700 11,500 700 1,900 4,100 8,300 7,400 1,900 10,900 1,300 9,600 56,500 46,000 10,500 7,200 3,300 46,000 11,600 700 1,900 4,000 8,300 7,200 1,800 10,500 1,300 9,200 57,100 46,000 10,500 7,200 3,300 46,600 11,500 700 1,900 4,000 8,300 7,300 1,800 11,100 1,200 9,900 57,800 46,800 10,700 7,400 3,300 47,100 11,600 700 1,900 4,200 8,400 7,500 1,800 11,000 1,200 9,800 58,500 47,400 10,800 7,500 3,300 47,700 11,500 700 1,900 4,200 8,500 8,000 1,800 11,100 1,300 9,800 4.8 5.3 2.9 4.2 0.0 5.3 9.5 0.0 0.0 5.0 4.9 6.7 0.0 2.8 8.3 2.1 5.6 6.4 9.6 12.4 3.9 4.7 8.9 3.7 1.3 4.6 2.5 7.1 -0.5 2.4 2.7 2.3 176,457 143,324 19,959 13,174 6,955 57,219 5,241 126,180 97,902 16,157 12,121 6,722 43,635 4,156 140,056 109,079 18,930 12,047 6,147 46,014 5,656 161,868 122,361 20,767 18,740 7,844 58,286 8,893 ... ... ... ... ... ... ... 13.3 13.0 9.9 19.6 -2.3 32.9 22.9 10.1 10.9 1.8 15.4 -0.2 16.8 0.3 273 268 251 247 236 227 308 297 308 304 24.2 35.1 24.1 25.2 * Includes Graham County data. YAVAPAI COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Mining and Construction Manufacturing Service-Providing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. www.ebr.eller.arizona.edu 11. 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 GILA COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Service-Providing Trade, Transportation, and Utilities Other Private Service-Providing Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel MOHAVE COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Mining and Construction Manufacturing Service-Providing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units JAN 2005 FEB 2005 MAR 2005 APR 2005 19,900 18,750 1,150 5.8 20,050 18,850 1,200 6.0 19,875 18,650 1,225 6.2 19,875 18,625 1,250 6.3 20,175 18,925 1,250 6.2 -2.8 -2.4 -7.4 -4.8 -2.4 -1.6 -12.9 -10.8 13,400 8,650 2,000 11,400 2,100 4,550 4,750 450 4,300 13,325 8,575 1,975 11,350 2,100 4,500 4,750 450 4,300 13,325 8,575 1,975 11,350 2,100 4,500 4,750 450 4,300 13,525 8,725 2,000 11,525 2,200 4,525 4,800 450 4,350 13,725 8,850 2,050 11,675 2,250 4,550 4,875 475 4,400 -1.1 -0.3 0.0 -1.3 4.7 -2.7 -2.5 -5.0 -2.2 -1.0 -0.2 -1.4 -1.0 1.8 -0.6 -2.5 -6.2 -2.1 34,408 25,242 4,276 4,890 2,582 9,863 680 24,566 16,936 3,609 4,021 2,230 6,118 719 26,379 18,509 3,808 4,062 2,072 10,577 843 32,184 21,063 4,100 7,021 2,939 5,791 910 ... ... ... ... ... ... ... 10.7 6.8 -7.0 42.2 16.2 -32.1 -0.0 6.2 2.5 3.6 25.2 8.4 -0.3 3.3 83,475 80,600 2,875 3.4 84,625 81,425 3,200 3.8 84,225 80,950 3,275 3.9 85,400 81,975 3,425 4.0 86,475 83,050 3,425 4.0 3.8 4.1 -3.5 -7.1 3.1 3.8 -12.2 -14.8 50,100 42,650 9,800 6,075 3,725 40,300 11,600 800 2,025 3,800 6,450 5,950 2,225 7,450 525 6,925 50,025 42,600 9,925 6,175 3,750 40,100 11,275 775 2,025 3,875 6,575 5,925 2,225 7,425 500 6,925 50,300 42,775 9,875 6,125 3,750 40,425 11,350 775 2,075 3,750 6,675 6,025 2,250 7,525 525 7,000 50,950 43,325 9,975 6,250 3,725 40,975 11,375 775 2,100 3,850 6,625 6,350 2,275 7,625 525 7,100 51,400 43,850 10,150 6,350 3,800 41,250 11,525 775 2,175 3,925 6,600 6,425 2,275 7,550 525 7,025 3.9 6.0 3.0 0.8 7.0 4.2 8.2 -6.1 11.5 11.3 6.5 5.3 0.0 -6.5 0.0 -7.0 3.6 5.0 4.8 2.8 8.2 3.3 5.7 -5.1 7.1 6.6 6.7 3.9 0.3 -3.7 1.6 -4.1 168,579 133,560 16,168 18,852 9,953 53,101 2,356 133,424 103,027 14,623 15,774 8,748 40,361 2,506 142,285 109,583 15,959 16,743 8,542 47,040 3,104 170,860 125,923 17,924 27,013 11,307 58,954 4,740 ... ... ... ... ... ... ... 15.4 11.4 19.6 35.2 10.5 44.3 20.5 14.3 12.2 12.9 28.6 11.3 49.0 11.6 310 304 308 285 335 297 371 360 385 371 30.5 33.9 19.4 24.9 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. 12. % change versus year ago for most recent: month 12-months DEC 2004 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 LA PAZ COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Service-Providing Trade, Transportation, and Utilities Other Private Service-Providing Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel YUMA METROPOLITAN REGION Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Mining and Construction Manufacturing Service-Providing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units % change versus year ago for most recent: month 12-months DEC 2004 JAN 2005 FEB 2005 MAR 2005 APR 2005 7,125 6,675 450 6.3 7,300 6,825 475 6.5 7,275 6,800 475 6.5 7,500 7,000 500 6.7 7,550 7,050 500 6.6 3.4 3.7 0.0 -3.3 -0.7 -0.3 -6.8 -6.1 5,150 2,850 350 4,800 1,275 1,225 2,300 225 2,075 5,250 2,975 350 4,900 1,300 1,325 2,275 200 2,075 5,275 3,025 350 4,925 1,325 1,350 2,250 200 2,050 5,350 3,100 400 4,950 1,300 1,400 2,250 200 2,050 5,300 3,075 450 4,850 1,325 1,300 2,225 200 2,025 1.9 7.0 5.9 1.6 3.9 10.6 -4.3 0.0 -4.7 2.9 6.2 4.0 2.8 3.5 9.8 -1.0 3.2 -1.4 19,033 11,456 2,362 5,215 2,753 1,562 407 24,730 16,904 2,356 5,470 3,033 1,432 299 24,876 15,558 2,800 6,518 3,326 1,325 817 23,689 11,506 4,366 7,817 3,272 1,229 527 ... ... ... ... ... ... ... 25.1 6.1 77.3 38.8 13.4 -69.7 9.2 16.9 12.3 8.9 29.6 12.0 -17.6 4.5 75,000 66,700 8,300 11.1 73,800 66,500 7,300 9.9 73,800 66,600 7,200 9.8 76,000 68,100 7,900 10.4 77,400 65,700 11,700 15.1 9.5 10.8 2.6 -6.3 2.7 4.6 -6.5 -9.0 54,000 39,400 8,100 4,800 3,300 45,900 11,900 1,200 1,400 3,400 6,300 5,400 1,700 14,600 2,900 11,700 53,500 39,300 8,000 4,700 3,300 45,500 11,900 1,200 1,400 3,300 6,400 5,400 1,700 14,200 2,900 11,300 54,400 39,500 8,100 4,800 3,300 46,300 11,900 1,200 1,400 3,300 6,400 5,500 1,700 14,900 2,900 12,000 54,900 40,000 8,100 4,900 3,200 46,800 12,000 1,200 1,500 3,400 6,500 5,600 1,700 14,900 3,000 11,900 52,200 37,400 7,300 5,000 2,300 44,900 10,400 1,200 1,500 3,400 6,400 5,500 1,700 14,800 3,000 11,800 10.8 11.6 12.3 22.0 -4.2 10.6 15.6 9.1 7.1 3.0 10.3 12.2 13.3 8.8 3.4 10.3 8.4 8.3 15.6 22.5 5.6 7.2 10.7 6.9 4.3 -8.9 9.0 7.2 7.8 8.7 3.6 10.1 169,186 134,462 16,051 18,673 9,858 32,410 2,887 134,774 104,096 14,139 16,539 9,172 31,418 3,579 146,184 111,468 17,570 17,147 8,749 37,864 4,842 161,689 121,142 16,603 23,943 10,022 39,148 4,339 ... ... ... ... ... ... ... 19.9 17.5 14.6 38.4 13.1 30.4 18.0 13.8 13.1 11.6 20.2 3.7 33.7 6.2 169 169 148 146 141 141 159 159 219 214 -25.3 -27.0 2.2 -4.9 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. www.ebr.eller.arizona.edu 13. 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 SANTA CRUZ COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Service-Providing Trade, Transportation, and Utilities Other Private Service-Providing Government Federal Government State and Local Government Sales ($000s) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units COCHISE COUNTY Civilian Labor Force, ADES Employment Unemployment Unemployment Rate (%) Employees on Nonagricultural Payrolls, ADES Total Total Private Goods-Producing Mining and Construction Manufacturing Service-Providing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Other Services Government Federal Government State and Local Government Sales ($000) ADOR Gross Retail Retail Restaurants & Bars Gasoline, EBR Gallons (000s) ADOT Contracting Hotel/Motel New Housing Units Authorized, Census C-40 Total Units Single Family Units JAN 2005 FEB 2005 MAR 2005 APR 2005 16,050 14,850 1,200 7.5 16,125 15,000 1,125 7.0 16,025 14,900 1,125 7.0 15,825 14,675 1,150 7.3 15,825 14,700 1,125 7.1 1.4 2.4 -10.0 -11.3 1.2 1.9 -5.2 -6.3 13,050 9,775 1,025 12,025 5,475 3,275 3,275 1,150 2,125 13,025 9,775 1,025 12,000 5,475 3,275 3,250 1,125 2,125 13,100 9,800 1,025 12,075 5,450 3,325 3,300 1,175 2,125 13,075 9,800 1,025 12,050 5,425 3,350 3,275 1,150 2,125 13,025 9,725 1,025 12,000 5,350 3,350 3,300 1,175 2,125 4.2 7.2 2.5 4.3 10.3 3.9 -3.6 0.0 -5.6 3.1 4.9 -7.9 4.2 6.0 7.8 -1.7 2.9 -4.1 52,364 41,856 3,900 6,608 3,489 -1,744 801 30,499 22,866 2,955 4,678 2,594 4,925 1,107 34,084 25,673 3,456 4,955 2,528 5,374 1,563 40,849 30,345 3,650 6,854 2,869 5,410 1,397 ... ... ... ... ... ... ... 18.8 15.7 33.5 25.9 2.9 16.6 79.0 9.3 8.2 6.8 17.2 0.9 -13.4 28.1 58 58 35 35 38 38 59 59 53 50 47.2 38.9 21.4 21.5 55,450 53,150 2,300 4.1 55,575 53,100 2,475 4.5 55,425 52,825 2,600 4.7 55,150 52,450 2,700 4.9 55,425 52,700 2,725 4.9 2.1 2.3 -1.8 -3.8 1.7 2.4 -11.3 -12.8 36,300 24,475 3,625 2,800 825 32,675 6,725 525 900 3,600 3,875 4,100 1,125 11,825 4,825 7,000 35,825 24,175 3,575 2,750 825 32,250 6,475 525 925 3,575 3,875 4,125 1,100 11,650 4,775 6,875 36,075 24,200 3,600 2,775 20,600 6,450 925 3,575 3,850 4,175 1,100 11,875 4,800 7,075 4,800 7,075 36,300 24,525 3,725 2,900 20,800 6,350 900 3,800 3,900 4,200 1,125 11,775 4,825 6,950 4,825 6,950 36,300 24,550 3,775 2,975 800 32,525 6,225 525 900 3,850 3,975 4,200 1,100 11,750 4,850 6,900 4.0 5.6 12.7 19.0 -5.9 3.1 1.6 0.0 0.0 9.2 6.7 4.3 2.3 0.9 2.1 0.0 3.6 3.9 8.7 10.2 402.8 -10.9 -12.2 119.1 55.3 1.9 -7.0 38.3 57.6 -4.1 3.2 2.8 98,305 77,122 9,335 11,848 6,255 23,658 2,315 65,032 46,233 8,144 10,655 5,909 13,425 2,407 74,902 54,327 9,458 11,116 5,671 15,748 3,332 86,990 65,904 9,480 11,606 4,858 19,480 3,585 ... ... ... ... ... ... ... 7.9 9.4 -4.5 10.6 -9.7 10.7 1.1 6.5 0.6 14.4 43.3 24.4 -0.6 8.3 76 76 70 70 79 79 180 180 125 125 38.9 50.6 43.5 43.7 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. 14. % change versus year ago for most recent: month 12-months DEC 2004 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 TUCSON METROPOLITAN REGION (PIMA) Civilian Labor Force (000s) ADES Employment Unemployment Unemployment Rate, Seas. Adj. (%) Employees on Nonagricultural Payrolls (000s) ADES Total Natural Resources and Mining Construction Manufacturing Computer and Electronic Prod. Aerospace Products and Parts Wholesale Trade Retail Trade Transp., Warehousing, and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Arts, Entertainment, and Recreation Accommodation Food Svcs and Drinking Places Other Services Federal Government State and Local Government State and Local Government Education Sales ($000s) ADOR Aggregate Retail Sales Retail Food, EBR Restaurants & Bars Gasoline, EBR Contracting Hotel/Motel 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 JAN 2005 FEB 2005 MAR 2005 APR 2005 449.8 432.4 17.4 4.1 447.4 429.0 18.4 3.8 448.5 429.9 18.6 4.1 444.5 425.1 19.4 4.3 447.9 428.2 19.7 4.7 1.1 1.3 -2.5 -2.1 2.1 2.8 -11.5 -13.0 371.6 1.4 24.9 28.3 4.9 11.1 8.4 45.1 8.6 7.4 17.8 42.3 49.3 5.1 8.1 27.0 15.0 10.1 72.8 48.8 363.8 1.4 24.8 28.3 4.9 11.0 8.2 41.9 8.4 7.3 17.7 42.1 49.3 5.2 8.2 26.7 14.6 10.1 69.6 45.5 368.7 1.5 24.8 28.4 4.9 11.3 8.3 41.9 8.4 7.3 17.9 42.5 49.3 5.4 8.3 27.1 14.8 10.1 72.7 48.4 371.1 1.5 25.6 28.3 4.9 11.1 8.4 42.1 8.4 7.2 17.9 43.2 49.3 5.6 8.3 27.4 14.9 10.2 72.8 48.3 373.1 1.5 25.8 28.1 4.8 11.0 8.4 42.2 8.4 7.2 18.2 43.7 49.6 5.6 8.3 27.6 15.1 10.2 73.2 48.4 3.5 15.4 9.3 -0.7 -4.0 -2.7 3.7 3.4 2.4 -4.0 11.0 2.3 5.3 1.8 10.7 3.4 1.3 5.2 1.2 1.5 3.3 15.2 6.0 -0.4 -4.3 -2.0 10.8 4.5 4.3 -1.5 8.3 2.4 5.0 1.3 6.0 3.7 1.7 3.8 0.9 1.5 1,063,179 769,887 118,262 109,727 65,303 177,892 22,429 804,156 522,489 120,255 102,764 58,648 141,368 32,424 849,662 555,063 121,397 111,176 62,027 145,529 43,208 950,443 620,271 122,211 119,506 88,455 170,903 45,611 ... ... ... ... ... ... ... 8.2 4.6 10.1 11.2 32.2 10.5 21.0 7.0 5.3 7.2 10.8 16.6 10.2 10.1 748 709 39 720 675 44 835 770 65 1,185 1,044 141 1,083 953 130 40.7 37.3 72.2 25.3 19.2 104.7 273,531 1,283 213,196 249,161 1,086 229,430 314,570 1,343 234,230 363,510 1,525 238,367 367,270 1,489 246,656 18.1 -1.1 19.4 34.6 16.0 16.7 332,506 20,128 314,756 19,983 333,817 20,689 400,962 24,539 355,826 24,091 4.6 13.4 8.0 4.9 I 2004 II 2004 III 2004 IV 2004 I 2005 922.9 1.3 3.2 1.9 3.7 928.4 1.3 3.2 1.9 4.3 934.5 1.3 3.2 1.9 4.8 940.9 1.3 3.3 2.0 5.1 947.3 1.3 3.3 2.0 5.1 2.6 0.1 1.4 2.3 37.0 2.4 3.3 2.4 1.9 33.1 23,833 16,420 1,865 112 4,770 4,396 25,825 24,248 16,717 1,904 114 4,855 4,467 26,117 24,691 17,044 1,945 116 4,937 4,538 26,420 25,162 17,406 1,986 119 5,012 4,611 26,741 25,626 17,764 2,026 122 5,084 4,683 27,051 7.5 8.2 8.7 8.7 6.6 6.5 4.7 6.6 6.8 7.9 7.0 6.2 6.5 4.1 TUCSON METROPOLITAN REGION (PIMA COUNTY) - 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 recent: month 12-months DEC 2004 % change versus year ago for most recent: quarter 4-quarters www.ebr.eller.arizona.edu 15. 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 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 Natural Resources and Mining Construction Durable Goods Fabricated Metal Products Computer and Electronic Prod. Aerospace Products and Parts Non-Durable Goods Wholesale Trade Retail Trade Utilities Transportation and Warehousing Information Finance and Insurance Real Estate, Rental, and Leasing Professional and Business Services Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation Food Svcs and Drinking Places Other Services Federal Government State and Local Government State and Local Government Education Sales ($000s) ADOR Aggregate Retail Sales Retail Food, EBR Restaurants & Bars Gasoline, EBR Contracting Hotel/Motel 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 DEC 2004 JAN 2005 1,861.6 1,791.9 69.7 4.0 % change versus year ago for most recent: month 12-months FEB 2005 MAR 2005 APR 2005 1,859.6 1,785.2 74.4 3.7 1,859.9 1,785.4 74.5 4.0 1,868.5 1,790.2 78.3 4.2 1,883.3 1,804.3 79.0 4.4 2.6 2.9 -4.1 -6.4 2.4 3.3 -14.2 -15.7 1,728.6 2.2 147.1 103.2 13.5 37.9 15.0 27.0 79.2 217.6 7.9 52.8 34.4 105.0 35.0 279.3 29.7 147.5 21.6 27.5 115.2 64.9 22.7 208.8 110.4 1,699.4 2.2 145.1 103.0 13.4 37.5 15.0 26.8 78.8 210.8 7.9 52.5 34.4 103.7 34.3 272.4 29.6 148.3 21.6 28.0 113.9 63.7 22.0 200.4 101.2 1,716.7 2.2 146.6 103.1 13.5 37.5 15.1 26.9 79.0 208.1 7.9 52.7 34.0 105.1 34.4 276.1 30.2 148.9 22.3 28.1 116.0 64.0 22.0 211.5 112.1 1,728.7 2.2 150.2 103.1 13.5 37.6 15.2 27.1 79.0 208.7 7.8 52.9 34.3 105.5 34.6 278.1 30.4 149.8 22.8 27.9 118.2 64.6 22.1 209.4 110.6 1,736.8 2.3 152.6 103.3 13.5 37.7 15.2 27.2 79.0 209.0 7.8 52.9 34.0 106.3 34.8 280.3 31.3 150.2 22.8 28.4 118.1 63.8 22.0 210.7 110.6 3.8 15.0 12.1 -0.3 3.1 -2.6 5.6 0.7 0.8 5.6 -1.3 1.1 -7.9 2.5 2.1 4.0 13.0 4.3 4.1 2.9 3.8 0.5 1.9 3.3 4.1 3.8 9.8 9.7 0.0 4.3 -2.0 2.7 -0.0 1.6 5.2 0.0 2.3 -5.3 2.2 3.1 5.3 13.6 4.2 2.7 2.4 3.6 1.4 1.8 3.1 3.2 4,813,432 3,529,332 515,343 501,753 267,003 1,086,602 91,273 3,730,809 2,473,882 537,173 475,801 243,953 816,186 129,578 3,873,612 2,564,622 542,270 516,102 250,618 888,434 160,359 4,486,082 3,055,311 545,906 524,756 360,109 1,090,141 217,012 ... ... ... ... ... ... ... 12.0 11.7 12.9 4.0 27.2 30.8 31.3 9.9 9.2 9.3 9.3 18.7 22.4 9.5 5,284 3,958 110 1,216 4,313 3,726 82 505 4,366 3,960 48 358 5,017 4,474 158 385 6,078 4,644 44 1,390 -6.2 -4.3 -82.7 1.3 9.2 13.5 -5.5 -16.9 1,808,665 7,554 239,431 1,633,450 6,301 259,237 1,871,129 7,424 252,038 2,611,405 9,508 274,653 2,592,396 9,123 284,160 44.6 7.9 34.0 40.3 23.5 13.3 3,347,436 47,110 3,154,466 46,062 3,038,182 42,702 3,799,760 48,686 ... ... 6.2 5.3 5.6 1.2 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 ASPB: Arizona State Parks Board BEA: Bureau of Economic Analysis, U.S. Department of Commerce 16. 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 NPS: National Park Service, U.S. Department of the Interior PSIA: Phoenix Skyharbor International Airport SAAR: Seasonally adjusted at annual rates TAA: Tucson Airport Authority TAR: Tucson Association of Realtors U.S. Bankruptcy Court: District of Arizona USBCBP: U.S. Bureau of Customs and Border Protection, U.S. Department of Homeland Security 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 I 2004 II 2004 PHOENIX-MESA METROPOLITAN REGION (MARICOPA AND PINAL COUNTY) - QUARTERLY DATA Demographics & Vital Statistics (000s, seas adj) ADHS & EBR Population 3,686.8 3,724.6 Natural Increase 9.2 9.2 Births 15.5 15.5 Deaths 6.2 6.3 Net Migration 26.9 28.5 Personal Income by Source ($mil, SAAR) EBR Total Personal Income 109,775 112,119 Earnings by Place of Work 87,716 89,654 Less: Contributions for Social Insurance 9,673 9,917 Plus: Adjustment for Residence -47 -46 Plus: Dividends, Interest & Rents 17,572 17,920 Plus: Transfer Payments 14,207 14,508 Per Capita Personal Income ($, SAAR) EBR 29,775 30,103 ARIZONA - QUARTERLY DATA Demographics & Vital Statistics (000s, seas adj) ADHS & EBR Population Natural Increase Births Deaths Net Migration Personal Income Derivation ($mil, SAAR) BEA & EBR Total Personal Income Earnings by Place of Work Less: Contributions for Social Insurance Plus: Adjustment for Residence Plus: Dividends, Interest & Rents Plus: Transfer Payments Components of Earnings ($mil, SAAR) BEA & EBR Wages and Salaries Other Labor Income EBR Proprietor’s Income Farm Nonfarm Per Capita Personal Income ($, SAAR) EBR Average Wage Per Employee, Annual Rate ($) EBR % change versus year ago for most recent: quarter 4-quarters III 2004 IV 2004 I 2005 3,762.8 9.2 15.6 6.4 29.0 3,801.0 9.3 15.7 6.5 28.9 3,839.4 9.3 15.8 6.5 29.1 4.1 1.1 2.4 4.3 8.4 4.0 1.7 2.3 3.3 17.4 114,709 91,852 10,177 -45 18,264 14,815 30,485 117,562 94,355 10,451 -44 18,576 15,126 30,929 120,364 96,826 10,720 -44 18,867 15,435 31,349 9.6 10.4 10.8 5.2 7.4 8.6 5.3 7.8 8.2 9.2 0.1 5.9 8.3 3.6 5,756.3 12.6 23.2 10.6 38.0 5,806.9 12.3 22.9 10.6 38.2 5,857.5 12.5 23.3 10.7 38.1 5,908.6 13.8 23.6 9.8 37.8 5,959.7 12.8 23.3 10.5 37.7 3.5 1.6 0.5 -0.8 -0.7 3.5 6.4 1.6 -3.9 6.5 156,124 119,962 13,383 588 24,690 24,268 159,072 122,377 13,636 600 24,945 24,788 162,227 125,332 13,955 616 25,041 25,197 167,882 128,461 14,295 632 27,502 25,583 170,384 132,041 14,859 651 26,226 26,327 9.1 10.1 11.0 10.7 6.2 8.5 8.0 8.7 9.7 8.8 5.8 7.8 87,154 18,944 13,764 400 13,364 27,122 36,590 88,715 19,319 14,361 415 13,946 27,394 37,051 91,060 19,783 14,641 438 14,203 27,696 37,230 93,050 20,313 ... ... ... 28,413 ... 95,435 20,970 ... ... ... 28,590 ... 9.5 10.7 8.8 -15.9 9.8 5.4 3.6 8.2 9.9 10.7 27.4 10.2 4.3 3.9 DEC 2004 JAN 2005 FEB 2005 MAR 2005 APR 2005 805,259 60,415 254,324 490,520 186,656 36,285 140,861 9,510 761,303 56,147 173,514 531,642 243,150 47,110 176,376 19,664 868,546 70,245 234,089 564,212 299,213 58,027 218,397 22,789 1,390,477 143,595 517,851 729,031 489,771 75,090 366,497 48,184 1,557,381 149,206 552,562 855,613 347,987 64,318 247,811 35,858 -8.6 -8.6 -0.2 -13.3 44.0 78.1 45.7 0.8 -2.8 -4.5 1.5 -4.9 5.2 6.5 5.5 2.0 701,001 1,945,437 909,527 641,084 1,760,805 903,760 na na 868,398 na na 922,793 ... ... ... -8.4 -11.8 1.4 -4.1 -1.3 1.4 190.3 186.0 190.7 186.3 191.8 187.3 193.3 188.6 194.6 190.2 3.5 3.7 3.1 3.1 TRAVEL AND TOURISM - MONTHLY DATA Visits to Parks & Other Recreational Areas, NPS & ASPB Northern Arizona Historical Scenic Water Based Recreation Southern Arizona Historical Scenic Water Based Recreation International Border Crossings, USBCBP U.S. Citizens Aliens Vehicles MEASURES OF INFLATION AND PRICES - MONTHLY DATA Consumer Price Index (1982-1984=100) BLS U.S. - All Urban U.S. - Wage Earners % change versus year ago for most recent: month 12-months See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. www.ebr.eller.arizona.edu 17. 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 ARIZONA MONTHLY DATA Civilian Labor Force (000s) ADES Employment Unemployment Unemployment Rate, Seas. Adj. (%) Employees on Nonagricultural Payrolls (000s) ADES Total Natural Resources and Mining Construction Durable Goods Manufacturing Fabricated Metal Products Computer and Electronic Prod. Aerospace Products and Parts Non-Durable Goods Manufacturing Wholesale Trade Retail Trade Utilities Transportation and Warehousing Information Finance and Insurance Real Estate, Rental, and Leasing Professional and Business Services Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation Food Svcs and Drinking Places Other Services Federal Government State and Local Government State and Local Government Education Hours Worked Per Week, Manufacturing, ADES Average Hourly Earnings ($) ADES Construction Manufacturing Trade, Transportation, 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 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 JAN 2005 FEB 2005 MAR 2005 APR 2005 2,797.4 2,681.9 115.5 4.5 2,793.7 2,671.9 121.8 4.2 2,794.5 2,672.2 122.3 4.4 2,801.2 2,673.0 128.2 4.7 2,825.0 2,692.4 132.6 5.0 2.4 2.7 -3.4 -3.8 2.3 3.1 -12.4 -13.5 2,451.0 8.8 198.7 141.5 17.6 43.4 26.4 34.9 97.1 313.6 11.3 66.8 46.4 120.2 46.3 343.8 40.4 226.8 31.2 45.0 170.3 90.1 51.7 366.1 201.7 42.0 2,407.3 8.8 196.1 141.4 17.4 43.4 26.4 34.6 96.6 302.9 11.4 66.1 46.1 118.8 45.3 336.3 40.2 227.8 31.4 45.2 168.0 88.6 50.6 351.1 186.7 41.3 2,437.0 8.9 198.3 141.7 17.5 43.3 26.7 34.7 96.9 299.6 11.4 66.2 45.7 120.3 45.4 341.4 41.2 228.5 32.6 45.6 170.7 88.9 50.7 368.3 203.1 41.3 2,451.5 9.0 202.9 141.8 17.6 43.3 26.7 34.8 96.9 300.3 11.4 66.3 46.0 120.9 45.7 344.5 41.3 229.5 33.4 46.0 173.8 89.8 51.0 366.2 201.1 41.5 2,463.0 9.1 206.4 142.0 17.6 43.4 26.7 34.0 95.7 300.9 11.5 66.4 45.7 121.9 45.9 347.7 42.1 230.4 33.8 46.9 174.3 89.2 51.2 367.9 200.9 40.9 3.8 11.0 11.1 1.0 3.5 -1.8 1.9 -0.6 1.3 5.9 0.0 0.3 -6.7 2.4 1.5 4.3 10.8 4.6 8.0 4.7 3.4 0.6 0.8 2.9 4.0 2.8 3.8 8.6 9.1 1.2 4.2 -1.7 0.3 -1.0 2.7 5.3 0.4 1.6 -4.5 2.0 3.3 4.9 11.0 4.4 4.9 3.6 3.7 1.3 1.0 2.8 3.4 0.9 15.59 14.22 14.32 11.68 17.98 15.35 14.41 14.72 11.94 18.42 15.55 14.54 14.83 12.08 18.67 15.58 14.43 14.70 12.05 18.59 15.57 14.80 14.73 12.12 18.82 2.2 3.6 5.7 4.8 3.2 0.8 -0.4 6.0 2.3 5.3 6,989,260 5,050,779 781,850 712,790 443,841 234,328 526,748 238,267 74,341 289,549 1,488,096 98,898 141,396 5,400,114 3,538,852 795,830 663,748 401,685 222,762 542,399 243,321 73,045 251,268 1,132,232 79,547 185,880 5,646,479 3,702,339 803,382 725,864 414,895 211,681 486,130 216,407 84,286 273,608 1,236,786 94,455 234,663 6,489,854 4,331,646 808,769 753,137 596,303 249,603 468,466 253,662 96,616 299,845 1,494,326 91,320 305,076 ... ... ... ... ... ... ... ... ... ... ... ... ... 11.3 10.5 10.2 6.2 27.8 4.4 4.8 4.8 -8.8 -0.4 27.0 22.0 27.4 9.5 8.6 8.7 9.3 19.4 3.2 6.8 -0.2 2.6 1.8 19.6 88.4 9.0 6,986 5,643 121 1,222 5,915 5,286 115 514 6,152 5,626 79 447 7,445 6,733 200 512 8,361 6,821 82 1,458 0.9 3.7 -75.2 5.3 13.5 16.3 -12.4 -10.4 2,175 1,714 9 452 1,977 1,503 19 455 2,016 1,645 6 365 3,191 2,770 11 410 3,408 2,982 14 412 18.6 24.9 0.0 -12.9 -2.2 0.2 -33.6 -11.5 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. 18. % change versus year ago for most recent: month 12-months DEC 2004 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 % change versus year ago for most recent: quarter 4-quarters I 2004 II 2004 III 2004 IV 2004 I 2005 190.8 186.3 181.9 193.0 188.9 184.5 193.2 189.6 185.1 194.8 190.7 186.4 195.8 191.9 187.4 2.6 3.0 3.0 2.6 3.0 3.0 107.3 106.9 108.2 107.7 108.6 108.0 109.2 108.7 109.9 109.3 2.4 2.3 2.3 2.3 See sources and abbreviations at the bottom of page 16. • For additional detail and history, subscribe to Arizona Economic Indicators Data Book. 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Economic and Business Research Center: As part of The University of Arizona’s public mission to improve quality of life for the people of Arizona and the nation, the Economic and Business Research Center is dedicated to providing Arizona citizens and decision makers with high quality economic data and objective forecasts and analyses. Copyright 2005 by The University of Arizona. Information contained in this publication may be copied or reprinted with credit to the Eller College of Management at The University of Arizona. Printing and mailing costs for Arizona’s Economy are covered by private sponsorship and not at tax-payer expense. Main phone/fax ......................................................520.621.2155 ................................................................................fax: 520.621.2150 Director ..................................................................Marshall J. 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It only takes a few minutes and you’ll be notified by email when the next survey opens on September 1st. With increased participation from business leaders like you, the BLCI will become a more valuable planning tool for the Arizona business community. Plus, when you participate, you receive an exclusive preview of survey results before they are released to the general public. Join today! Learn how to find the data to enhance your business. A seminar is being offered in Tucson which will be lead by experts from the Census Bureau showing us how to access data from the 2002 Economic Census and other valuable business information that is available to everyone – if they know where to look! When: Tuesday, September 27, 2005 9:00 am – noon Where: McClelland Hall Room 208, The University of Arizona Parking: Parking is available in the Park Avenue Garage; normal parking fees apply. Reservations: www.census.gov/econ/census02/ For More Information: Valorie Rice, 520.621.2109 PRSRT. STD. 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