INSIDE:

A P R I L

2 0 0 6

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S P R I N G

A Poor Report
Card Doesn’t
Deter Growth
By Marshall J. Vest
Forecasting Project Director
March 1, 2006

The data for 2005 continues to arrive,
and it shows that Arizona’s economy
was even stronger than previously
imagined. Moreover, bellwether data for
employment and personal income are
likely to be revised significantly higher in
coming months. How else can doubledigit growth in tax collections be
reconciled? After all the revisions for
2005 are in, employment will have
grown in the 5-6% range, wage
increases will top five percent, and

I S S U E

Arizona is the Fifth-Youngest State – pg. 4
Forecast Tables – pg. 5
UA Contributes to State Economy – pg. 6
Phoenix is a Great Place for Women Business Owners – pg. 8
Arizona Economic Indicators – pg. 9

After surging during the fiscal year ending last
June, tax collections for the state’s general fund
continued strong through year end. For the six
months from July through December, sales and use
taxes increased 17.1%, individual income taxes by
22.1% and corporate income taxes by 16.3%,
compared to the same period one year earlier.
Even after adjusting for a boost to withholding
schedules that took effect in January 2005, individual income tax collections were still ahead of
last year by nearly 18%. After removing the
effects of inflation, these increases are among the
largest ever recorded.
Meanwhile, published data for employment
shows growth of only 4.1%. With data for the first
three quarters, personal income is reported to be
growing by less than 9%. Both measures will be
revised higher in coming weeks: employment
growth may approach 6% and personal income
could top 10%. Together the two measures suggest that average pay scales increased in the 5-6%
range, a very strong gain that no doubt reflects a
resurgence from bonuses and stock options that
today are offered across many industries.
Recently, the Arizona Department of
Economic Security recently released population
estimates for mid-year 2005. These show that
the number of Arizona residents increased by
over 210,000 last year, a growth rate of 3.7%.
That is the largest numerical increase ever
recorded and the fastest growth since the 4.4%
gain of 1995. According to DES, Arizona now
has 6.045 million residents (making it the 16th
most populated state).

personal income growth may exceed ten

A Poor Report Card for Arizona

percent. As 2006 begins, the Arizona

Arizona may be experiencing a boom and rank
as the second-fastest growing state in the nation,
but the Corporation for Enterprise Development
(CFED) recently gave Arizona D’s on its economic
report card. Arizona has never scored well on this
annual study that’s been published since 1987.
The study assigns grades to each state on “how
well its economy is doing for its people… and its
businesses, and how well the state is preparing

economy has a full head of steam, but
the pace will moderate as the year
progresses due to less exuberant
consumer spending and the return of
more “normal” real estate activity.

www.ebr.eller.arizona.edu

for the future.” Measures include sixty-eight
aspects of economic health organized into three
indexes: performance, business vitality, and
development capacity.
The performance index is comprised of five
measures: employment (which garnered an A due
to Arizona’s rapid growth), earnings and job quality
(D due to poor employer health
coverage and large proportions of
working poor), equity (D due to a
wide and worsening income gap),
quality of life (D due to high
How is it
percentages of uninsured lowincome children and teen
that Arizona
pregnancies, low voting rates, low
scores so
home ownership rates, and the
worst crime rate in the country),
poorly, yet is
and resource efficiency (B
the second
highlighted by low per capita energy
consumption). Overall grade = D.
fastest
The business vitality index is
growing
comprised of two measures:
competitiveness of existing
state in the
businesses and entrepreneurial
country?
energy. The competitiveness
component received an F for low
scores on “strength of traded
sector”, business closings, and
manufacturing investment. The
entrepreneurial component received a C with low
scores for growth of new companies
counterbalanced by job growth in new businesses
and a large portion of employment in technology
industries. Overall grade = D.
Finally, development capacity is made up of five
components: human resources (D due to low
scores on student proficiency in reading and math,
low teacher salaries, low K-12 education
expenditures and the highest high school dropout
rate in the country), financial resources (D due to
loans for small businesses), infrastructure
resources (B with the best bridge deficiency
rating in the country), amenity resources
and natural capital (F due to high cost
of housing, poor air quality, and

conversion of cropland), and innovation assets (B with high
rankings for R&D, university spin-outs and patents issued).
Overall grade = D.
Arizona was among only five states that scored Ds or Fs in
each of the three dimensions. Mississippi, West Virginia,
New Mexico and Alaska were the other bottom dwellers.
Critics argue that grades from the development report card
correlate poorly with growth. After all, how is it that Arizona
scores so poorly, yet is the second fastest growing state in the
country? How does one explain that those economic
dynamos, Massachusetts and Minnesota, received the highest
grades? Arizona, they continue, is widely viewed as pro business, retiree-friendly, and a land of endless possibilities.
These criticisms aside, the study is useful in identifying
Arizona’s perceived weaknesses. Arizona is portrayed as a
state of haves-and-have-nots, with a mediocre workforce,
troubled public schools, and poor quality of life due to various social ills. This is not the image desired by elected officials and economic developers who dream of and promote a
state with a highly skilled work force, an idyllic setting, and
an economy driven by high technology and creative thinking.
How will policy makers close this gap?

EXHIBIT 1
Resale Housing Has Stabilized
Existing Home Sales, 000s (Source: MLS)
Seasonally Adjusted Annual Rate

Real Estate Update
For the past few years, real estate has been the turbo
charger for Arizona’s growth engine. Money poured in from
all over the country, especially from over-priced housing markets in California and Las Vegas, thereby driving homebuilding
to record levels and sending home prices soaring. Commercial
construction also found new life as demand for retail, office,
and industrial space strengthened. The construction industry
normally accounts for 5-7 percent of total jobs, but in recent
years it provided nearly one-fourth of all new jobs. In short,
growth industries have been driving growth.
What we’ve just experienced is a once or twice in a generation surge in real estate investment. In the late 1990’s,
money poured into high tech. Since the high tech boom
went bust, the investment focus has been on real estate (and
not just here in Arizona, but around the world).
The frenzy in last summer’s real estate markets all but
disappeared as 2005 came to a close. Bidding wars that
resulted in homes selling for tens-of-thousands of dollars
more than asking price have disappeared, along with
Saturday morning lines of potential homebuyers hoping to
get their name on the list for the next lottery drawing used
to allocate who gets to buy a new home. Open house signs
are once again popping up (for a while houses were selling

EXHIBIT 3
Permits Have Peaked
Single Family Building Permits, 000s (Source: Census C-40)
Seasonally Adjusted Annual Rate

What we’ve just experienced is a once or twice in a
generation surge in real estate investment.
2.

EXHIBIT 2
Home Prices Are Plateauing
Median Price of Homes Sold, $000s (Source: MLS)
Seasonally Adjusted, Smoothed

EXHIBIT 4
Spending to Lag Income Growth
Real Consumer Spending and Income Growth, AZ

% change

so fast, realtors didn’t have a chance to hold them open).
Inventories of homes for sale have increased back to normal
levels, and houses are selling for less than asking price.
Housing markets are getting back to normal once again.
With data through the end of the year, we see that the
number of homes sold through the MLS has flattened out in
both metros Tucson and Phoenix. Sales peaked in metro
Phoenix during last year’s first quarter, while Tucson sales
have plateaued (Exhibit 1).
Data reported by the National Association of Realtors
(NAR) and the Federal Office of Enterprise Oversight (OFHEO)
both show moderating home prices in recent months. Data
for the fourth quarter show that metro Phoenix led the
nation for price increases year-on-year with a 48.9%
increase. That was slower than the 55.2% increase
registered during the prior quarter. Metro Tucson had the
second-fastest gain in the West, with an increase of 32.2%.
Again, that was slower than the third quarter’s 34.7% gain.
OFHEO data for the third quarter show deceleration as well,
not only in AZ but in California and Nevada metros as well.
This data provides quarter-over-prior-quarter annual rates (as
opposed to year-on-year from NAR) and therefore gives a
more current picture of price trends. In the third quarter, the
annual rate of appreciation in metro Phoenix was 37.7%,
down from a 51.3% pace in the prior quarter. Similar results
as seen for metro Tucson (28.3% versus 37.6%).
Southern California cities and Las Vegas, which experienced rapid increases earlier and serve as a leading indicator
for Arizona, recorded much more moderate increases in the
third quarter: Los Angeles prices rose at a 19.7% annual rate,
Las Vegas up 9.3%, and San Diego up 7.1%. Prices in those
markets are plateauing and serve as a harbinger for Arizona.
Data from local Multiple Listing Services show similar
results. The median price of homes sold on the MLS has
declined recently in metro Phoenix after an amazing surge
during 2004 and 2005. In December the median price was
$330,000, up from $245,000 the year before. In metro
Tucson, prices are flattening out and are much lower (at
$220,000 up from $169,000) than in Phoenix, (Exhibit 2).
Slowing can also be seen in new home construction, as single family permitting in both metros is below its peak. In
metro Phoenix, the decline in the latter part of 2004 was
payback from accelerated permitting prior to a boost in
impact fees in the summer of 2004. After falling about 15%,
permits in metro Phoenix have been moving upward during
the past year. In metro Tucson, permits peaked in the spring
of 2005 and are down about 10% so far (Exhibit 3).

With data through the end of the year, we see that the
number of homes sold through the MLS has flattened out
in both metros Tucson and Phoenix.

3.

The mania that swept through these markets
has evaporated, but that doesn’t mean disaster
looms. We expect these measures to flatten or
give back modest amounts in months to come,
but strong population growth will limit the
downside. Also, commercial construction will
remain robust in the near term.
One question now is, where will the “hot”
money go next? Financial markets, collectibles,
commodities? A second question is, now that
real estate is no longer a driver of growth, what
sector is going to take its place? One possibility:
business investment spending, which promises
expansion for Arizona’s high tech industries. It’s
time for the hot money to seek business
opportunities once again.

The Outlook
We continue to expect Arizona’s economy to
slow as the year progresses. Real estate will
become a neutral factor or even a slight drag
rather than the major source of growth.
Consumers will spend less freely as slower appreciation of homes and higher interest rates limit
homeowners access to extra cash. Fortunately,
job creation and tightening labor markets will
drive wages higher, and the combination will
prop up spending. But after two years of spending growth exceeding that of income gains, we’ll
see the opposite going forward.
After adjusting for inflation, spending will
grow two percentage points slower than
incomes over the next three years. This mirrors
the years 1996-98 which followed a spending
surge in 1993-94 that was even stronger than
what we experienced during the past two years
(Exhibit 4).
Overall, 2006 will be another year of solid
expansion for the Arizona economy. The
following year is more uncertain. One of the top
forecasters in the country, Jim Smith from the
University of North Carolina Chapel Hill, predicts
a recession in 2007, due to over tightening by the
Federal Reserve Bank. For the time being, we’ll
stick with a forecast of continuing expansion in
2007, just at a slower pace. Stay tuned. ■

Arizona is the
Fifth-Youngest
State
By Valorie Rice
Arizona is young in comparison with the
rest of the United States. The Census
Bureau recently released state level
population estimates that include a
tabulation of those over 18 years old.
According to the figures, Arizona is the
fifth- youngest state with 26.6% of our
population under the age of 18. The four
states with populations even younger than
ours are Utah (30.1%), Alaska (28.4%),
Texas (27.7%) and California (26.9%) while
the United States as a whole has 24.8% of
the population under 18 years. Despite the
perception that Arizona is an older state,
the data shows that we are, in fact, quite
young. The percentage of young people in
Arizona hasn’t changed much – it was at
26.6 in 2000 as well – but the number of
other states younger than us has fallen. We
were the tenth-youngest state in 2000 and
now stand at fifth. ■

Arizona was the tenthyoungest state in 2000
and now stands at fifth.

Source: Population Estimates Program, U.S. Bureau of the Census
Estimates of the Total Resident Population and Resident
Population Age 18 Years and Older for the United States and States:
July 1, 2005
(Released January 2006)

2005 Population Estimate

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
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25
26
27
28
29
30
31
32
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35
36
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38
39
40
41
42
43
44
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46
47
48
49
50

UNITED STATES
Utah
Alaska
Texas
California
Arizona
Idaho
Georgia
Nevada
Indiana
Mississippi
Illinois
Louisiana
New Mexico
Colorado
Maryland
Michigan
New Jersey
North Carolina
Kansas
Nebraska
Arkansas
South Dakota
Ohio
Oklahoma
South Carolina
Virginia
Minnesota
Alabama
Connecticut
Missouri
New York
Washington
Hawaii
Kentucky
Wisconsin
Oregon
Tennessee
Delaware
New Hampshire
Florida
Massachusetts
Rhode Island
Pennsylvania
Iowa
Wyoming
Montana
North Dakota
Vermont
West Virginia
Maine

Overall, 2006 will be another year of solid expansion for the
Arizona economy. The following year is more uncertain.
4.

2005
Population
Estimate
296,410,404
2,469,585
663,661
22,859,968
36,132,147
5,939,292
1,429,096
9,072,576
2,414,807
6,271,973
2,921,088
12,763,371
4,523,628
1,928,384
4,665,177
5,600,388
10,120,860
8,717,925
8,683,242
2,744,687
1,758,787
2,779,154
775,933
11,464,042
3,547,884
4,255,083
7,567,465
5,132,799
4,557,808
3,510,297
5,800,310
19,254,630
6,287,759
1,275,194
4,173,405
5,536,201
3,641,056
5,962,959
843,524
1,309,940
17,789,864
6,398,743
1,076,189
12,429,616
2,966,334
509,294
935,670
636,677
623,050
1,816,856
1,321,505

% under
18 yrs
24.8
30.1
28.4
27.7
26.9
26.6
26.2
26.0
25.7
25.6
25.6
25.4
25.4
25.4
25.3
25.1
24.9
24.8
24.7
24.6
24.5
24.3
24.3
24.1
24.1
24.1
24.1
24.0
23.9
23.8
23.8
23.6
23.6
23.5
23.5
23.4
23.3
23.3
23.2
23.1
22.9
22.8
22.8
22.7
22.6
22.4
21.9
21.4
21.3
21.1
21.0

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

2005
178,119
8.4
39,852
4.5
73,873
11.7
6,028.3
3.4
86,245
0.6
2,483.7
4.6
394.5
5.1
2,089.4
4.6
484.2
4.9
359.6
7.8
250.7
3.8
412.1
2.9

2006
194,839
9.4
41,518
4.2
79,666
7.8
6,228.6
3.3
80,644
-6.5
2,601.6
4.7
409.3
3.7
2,192.5
4.9
506.2
4.5
391.7
8.9
261.4
4.2
425.1
3.2

2007
210,245
7.9
43,199
4.0
84,686
6.3
6,431.1
3.3
80,666
0.0
2,694.1
3.6
412.4
0.8
2,281.8
4.1
523.8
3.5
416.6
6.4
268.7
2.8
437.0
2.8

2008
225,539
7.3
44,940
4.0
88,970
5.1
6,624.4
3.0
77,793
-3.6
2,772.4
2.9
420.1
1.9
2,352.5
3.1
536.6
2.4
432.4
3.8
275.5
2.5
445.3
1.9

2009
243,919
8.1
46,878
4.3
93,988
5.6
6,822.6
3.0
79,386
2.0
2,866.9
3.4
430.1
2.4
2,437.1
3.6
553.5
3.2
452.9
4.7
284.4
3.2
456.2
2.5

2010
264,103
8.3
48,904
4.3
99,748
6.1
7,030.4
3.0
83,057
4.6
2,965.6
3.4
440.2
2.4
2,525.6
3.6
573.3
3.6
474.0
4.7
293.5
3.2
467.9
2.6

2011
284,801
7.8
50,952
4.2
105,733
6.0
7,242.5
3.0
84,924
2.2
3,060.9
3.2
453.0
2.9
2,608.1
3.3
591.4
3.1
494.5
4.3
301.3
2.7
479.0
2.4

123,788
8.6
45,687
4.2
51,622
13.8
3,897.0
4.1
63,449
-2.8
1,765.6
5.0
289.6
6.6
1,476.0
4.7
358.6
5.0
287.2
6.7
169.8
4.4
229.4
3.5

135,053
9.1
47,593
4.2
55,597
7.7
4,033.9
3.5
55,344
-12.8
1,853.1
5.0
297.1
2.6
1,556.1
5.4
374.0
4.3
314.6
9.6
177.1
4.3
235.9
2.8

145,516
7.7
49,756
4.5
58,828
5.8
4,159.4
3.1
49,758
-10.1
1,906.9
2.9
292.0
-1.7
1,614.9
3.8
386.2
3.3
330.4
5.0
181.8
2.6
241.9
2.5

156,231
7.4
51,998
4.5
61,927
5.3
4,284.9
3.0
49,792
0.1
1,955.5
2.6
293.0
0.3
1,662.6
3.0
396.8
2.7
337.6
2.2
186.7
2.7
246.2
1.8

169,271
8.3
54,400
4.6
66,055
6.7
4,421.0
3.2
53,961
8.4
2,022.7
3.4
300.7
2.7
1,722.0
3.6
409.8
3.3
348.9
3.4
193.6
3.7
252.3
2.5

183,787
8.6
56,907
4.6
70,135
6.2
4,564.2
3.2
56,812
5.3
2,098.8
3.8
311.3
3.5
1,787.6
3.8
424.8
3.6
364.3
4.4
200.4
3.5
259.1
2.7

198,058
7.8
59,438
4.4
73,850
5.3
4,707.6
3.1
56,883
0.1
2,167.0
3.2
320.2
2.9
1,846.8
3.3
438.6
3.3
380.3
4.4
205.7
2.6
265.3
2.4

26,537
7.7
38,076
4.4
11,077
11.9
956.9
2.8
11,758
13.0
376.3
4.5
56.9
5.1
319.4
4.4
61.4
5.9
44.4
4.4
41.6
6.5
80.9
1.8

28,813
8.6
39,622
4.1
11,860
7.1
983.5
2.8
11,290
-4.0
391.8
4.1
59.8
5.1
332.0
3.9
63.8
3.9
48.2
8.6
43.6
4.8
82.3
1.8

30,961
7.5
41,167
3.9
12,381
4.4
1008.2
2.5
9,749
-13.6
403.2
2.9
61.2
2.3
342.0
3.0
65.5
2.6
51.9
7.5
44.8
2.9
83.4
1.3

32,955
6.4
42,690
3.7
12,944
4.5
1031.5
2.3
9,189
-5.8
410.9
1.9
61.2
0.1
349.7
2.2
66.7
1.9
53.8
3.8
45.8
2.1
84.5
1.2

35,163
6.7
44,237
3.6
13,528
4.5
1055.9
2.4
9,618
4.7
419.4
2.1
61.7
0.8
357.7
2.3
68.2
2.2
55.4
2.9
46.9
2.5
85.7
1.4

37,534
6.7
45,816
3.6
14,155
4.6
1081.3
2.4
9,999
4.0
428.5
2.2
62.8
1.7
365.7
2.2
69.6
2.1
56.9
2.7
48.1
2.4
87.0
1.5

39,898
6.3
47,444
3.6
14,771
4.4
1106.2
2.3
9,833
-1.7
436.8
1.9
63.8
1.7
372.9
2.0
70.8
1.7
58.7
3.2
49.0
1.9
87.9
1.0

* 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.

UA is a Major
Contributor to 1
Arizona’s Economy
By Vera Pavlakovich-Kochi, Ph.D.
and Alberta H. Charney, Ph.D.2
The University of Arizona is a land-grant school
and a Doctoral/Research University-Extensive
(formerly called a Research I Institution). As such
it plays a valuable role in training citizens and
conducting advanced research in important
academic areas such as astronomy, medicine,
optics, and biosciences.
The University of Arizona is also a major generator of economic activity in Pima County and

throughout Arizona. The annual statewide economic impact of the University includes the creation of approximately 41,300 jobs, $1.2 billion in
earnings and a total dollar impact on the state’s
economy of $2.3 billion in the fiscal year ending
June 30, 2004.
The impacts estimated in this report are limited
to the following sources of university-related
spending: University purchases and operating
expenditures, University capital investment
(including construction), University employee
spending, student spending, and University-related visitor spending. As such, this study does not
evaluate the economic contributions of the spending of alumni or retired University employees who
stay in the area. Similarly, the study does not
estimate the economic impact of private businesses that are in Pima County either directly or indirectly because of the existence of the University.

• Statewide, the UA accounts for over 42,000 jobs, $1.2 billion in earnings
(primarily wage and salary disbursements), and $2.3 billion in total dollar impact
(as measured by spending).
• One in every ten employees in metro Tucson holds a job directly or indirectly
related to the UA.
• Every dollar of state appropriated funds is matched by $1.45 in grants, contracts,
and gifts.
• State appropriations account for 28.5% of total spending. Student tuition and
fees represents 15.5%. Grants, contract and gifts comprise 41%.
• Every dollar of state appropriations generates $7.13 in total spending.
• Over $98 million in tax revenues is generated, including $54.2 million that is
collected by the State of Arizona.

University Revenues
Total University revenues in 2004 were $1.1 billion. In addition to the state appropriation funding, the University attracts additional dollars to
the local economy from several other sources. For
every dollar of the state’s $317.3 million in appropriated funds, the University received $3.5 from
other revenue sources. Federal grants and contracts were the largest source of University revenues, accounting for more than $346.3 million.
The share of University revenues attributable to
federal grants and contracts increased substantially from 25.8 percent in fiscal year 1998 to 31.2
percent in 2004. In 2004, the University attracted
an additional $1.45 in grants, contracts and gifts
for every $1 of state-appropriated funds.

University Impact on the Pima
County Economy
The University buys from local businesses various goods and services such as equipment, office
supplies, and professional services. The economic
impact of these purchases is almost 2,000 jobs and
$168.8 million in earnings in Pima County.
Locally, the University spent more than $60
million in construction and acquisition of capital
goods, creating 1,300 jobs in construction and
other industries in Pima County. This activity
contributed $44.6 million in earnings to the
local economy.
The University employed 14,484 full- and parttime persons, including more than 3,000 graduate
students. The total payroll, including benefits, was
$714.9 million. The local spending of University
faculty and staff generated an economic impact in
Pima County of 7,500 jobs and $171.7 million in
additional earnings.
Not counting tuition, University student spending injected $704.3 million into the local economy.
This generated 12,600 jobs and $279 million in
earnings in Pima County.
More than 809,000 University-associated visi-

For every $1.00 of the state’s $317.3 million in appropriated funds,
the University received $3.50 from other revenue sources.
6.

tor-days were generated in Pima County, creating
about 1,640 jobs and $35.3 million in earnings.
The total employment impact of the University
was 39,500 jobs in Pima County. This included
direct employment of 14,484 at the University and
all other jobs generated by University-related
activities. This represents 9.8 percent of total
employment in Pima County. Thus, every 10th
employed person in Pima County is directly or
indirectly related to The University of Arizona.

The combined earnings impact was $1.1 billion
in Pima County. The total dollar impact (including
earnings and tax revenues) was $2.1 billion. This
means that $7.13 in total sales is generated by
University-related activities for every dollar of
state appropriated funds.

Impact on the Arizona Economy
The economic impact of The University of
Arizona extends beyond the boundaries of Pima

UA Revenues by Source FY 2004
(in thousands of dollars)
State appropriations
Federal grants and contracts
Non-federal grants and contracts
Student tuition and fees
Gifts
Auxiliary enterprise operations
Other*
Total

317,250
346,282
73,125
172,529
41,717
121,087
48,617
1,111,607

Total Revenue Impact

Source: UA Annual Financial Report, Year ended June 30, 2004
* Includes state education sales tax revenues, investment income (less interest expense on debt), and other revenues.

Economic Impacts of the University of Arizona
Pima County
Jobs
39,498
$1.1 billion
Earnings
Tax Revenues City of Tucson
$20.3 million
Tax Revenues Pima County
$14 million
Tax Revenues Counties
Tax Revenues State
Pima Association of Governments $0.1 million
Total Impact

$2.1 billion

Beyond Pima County Total Impact on Arizona
1,774
$60.9 million

County. The University has a physical presence
in every county of Arizona through its various
programs and outreach center. The University
also purchases goods and services from other
Arizona businesses outside of Pima County.
More than 1,770 jobs and $60.9 million in
earnings were generated in Arizona counties
other than Pima County. The total dollar impact
was $140.7 million.
Combining the impacts in Pima County with
those in all other Arizona counties, The University
of Arizona generated close to 41,300 jobs with
$1.2 billion in earnings. The total dollar impact on
the state economy was an estimated $2.3 billion,
including earnings and revenue impacts.

41,272
$1.2 billion

The University generates tax revenues directly
through purchases of goods and services and
indirectly through taxes paid by University
employees. In addition, employees of businesses
that sell to the University, students and visitors
pay taxes to all levels of governments. The total
tax impact in fiscal year 2004 was $98.1 million,
including $54.2 to state government, $20.3
million to the City of Tucson, $14 million to Pima
County, $9.5 million to other Arizona counties and
cities, and about $100,000 to the Pima
Association of governments.
Tax revenues associated with the spending
impacts estimated in this report are estimated to
return $17.10 to the state government for every
$100 of state appropriated funding received in
fiscal year 2004. ■
1 The entire study is available online at either
http://oed.arizona.edu or
http://ebr.eller.arizona.edu.

$9.5 million
$54.2 million

$98.1 million

$140.7 million

$2.3 billion

2 The authors of this article are with the Office of Economic and
Policy Analysis in the Office of Economic Development and the
Economic and Business Research Center, Eller College of
Management, respectively.
The authors would like to recognize Lora Mwaniki-Lyman and
Dr. Sushila Umashankar as co-authors of the original study.

The University of Arizona generated close to 41,300 jobs
with $1.2 billion in earnings. The total dollar impact
on the state economy was an estimated $2.3 billion.

7.

Study Shows
Phoenix is a Great
Place for Women
Business Owners
By Heather Peterson
December 2, 2005
Phoenix is a great place for women to own businesses according to a study by the Center for
Women’s Business Research. Using U.S. Census
Bureau data, Center researchers ranked 50 MSAs
based on estimates of how many privately-held firms
were at least half-owned by women. The rankings
also reflect firms’ employee counts and sales volumes.
Phoenix-Mesa ranked fifth overall, with 54.7
percent (136,845) of privately-held firms (250,300)
being at least half owned by women. These

women-owned firms boast a sales volume of more
than $41 billion and account for 21.2 percent
(304,408) of all private sector jobs.
When the cities were ranked solely based on the
share of women-owned firms, Phoenix-Mesa’s 54.7
percent moved the city into third place, behind
Portland-Vancouver with 57.7 percent and SeattleBellevue-Everett with 56.8 percent. Las-Vegas
ranked fourth with 53.7 percent.
Center researchers estimated that between
1997 and 2004 the number of women-owned
firms in the Phoenix-Mesa MSA grew 30.6
percent, the number of employer firms grew by
43.8 percent, and employment in these firms
grew by 49.1 percent. At the same time, sales
increased by 79.3 percent. These growth numbers
combined to place Phoenix-Mesa second for
overall growth in women-owned businesses,
following Salt Lake City-Ogden in first place,
ahead of third-place Las Vegas.

At the state level, Arizona was ranked fourteenth
with 56.6 percent of private-sector firms at least
half-owned by women. These firms account for
24.5 percent of the State’s private sector jobs and
generate more than $60 billion in sales.
Arizona ranked second for strong growth in the
number of women-owned firms, which increased a
stunning 30 percent, while sales volume shot up a
whopping 79 percent between 1997 and 2004.
Utah placed first and Nevada followed in third.
The number of firms in Phoenix-Mesa increased
31 percent between 1997 and 2004, the number of
employer firms grew by 44 percent, and employment in these firms grew by 49 percent. These
growth numbers placed Phoenix-Mesa second, following Salt Lake City-Ogden in first place, and Las
Vegas ranked third.
To read this study or for more general
information, visit the Center for Women’s
Business Research at www.cfwbr.org. ■

Number of Firms, Sales Volume, and Employment Firms Owned 50% or More by Women 2004
Arizona and Phoenix-Mesa MSA

California
Texas
Washington
Arizona
Colorado
Oregon
Nevada
Utah
New Mexico
Idaho
Phoenix-Mesa MSA

8.

Total Number of
Privately-Held
Firms
2,571,405
1,659,061
475,188
388,333
470,562
317,345
166,321
204,149
145,222
126,102
250,300

Number of 50% or
Employment in Firms
More Women
50% or more
Owned Firms
% of Total Total Employment Owned by Women
1,249,343
48.6%
2,818,949
791,387
47.7%
1,515,034
280,075
58.9%
538,087
219,894
56.6%
1,979,000
484,214
245,185
52.1%
358,227
186,704
58.8%
355,826
89,501
53.8%
177,803
50.1%
217,260
102,194
84,048
57.9%
176,931
74,713
59.2%
140,743
136,845

54.7%

1,435,950

304,408

Phoenix-Mesa ranked fifth overall,
with 54.7 percent of privately held firms
being at least half owned by women.

% of Total
Private Sector
Employment

24.5%

21.2%

Sales ($000)
406,217,440
197,112,725
70,398,286
60,296,582
49,824,725
42,515,391
29,216,458
22,795,105
18,999,798
16,959,144
41,176,987

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

SEP
2005

OCT
2005

NOV
2005

DEC
2005

JAN
2006

20,375
18,125
2,250
11.0

20,150
18,025
2,125
10.5

19,550
17,400
2,150
11.0

19,350
17,225
2,125
11.0

19,250
16,900
2,350
12.2

-3.6
-4.7
4.4
8.4

-1.3
-0.9
-4.2
-2.8

20,375
6,875
900
19,475
1,825
4,150
13,500
3,300
10,200

20,350
6,775
900
19,450
1,900
3,975
13,575
3,275
10,300

19,575
6,625
875
18,700
1,925
3,825
12,950
3,175
9,775

19,325
6,525
775
18,550
1,950
3,800
12,800
3,150
9,650

18,825
6,325
725
18,100
1,875
3,725
12,500
3,050
9,450

-2.7
-1.6
11.5
-3.2
1.4
-5.1
-3.3
-1.6
-3.8

1.1
3.6
14.6
0.6
0.6
3.1
-0.2
1.8
-0.8

15,229
6,576
1,055
7,598
2,610
10,857
1,373

14,392
6,461
1,015
6,916
2,515
6,450
1,134

13,379
6,399
677
6,304
2,628
9,477
534

13,326
7,007
849
5,469
2,533
7,863
904

...
...
...
5,585
2,439
...
...

11.5
12.1
1.6
20.5
-5.1
12.5
2.9

15.8
17.7
9.1
15.1
-3.6
27.0
17.7

Note: As of Jan 2005, Apache County
no longer reports monthly permits.

37,425
34,400
3,025
8.1

36,875
34,025
2,850
7.7

36,450
33,475
2,975
8.2

36,625
33,675
2,950
8.1

36,300
32,950
3,350
9.2

-1.3
-1.8
3.9
5.2

-0.9
-0.8
-2.1
-1.2

29,650
19,425
3,550
2,725
825
26,100
5,575
750
550
1,150
3,650
3,150
1,050
10,225
1,775
8,450

29,475
19,250
3,575
2,775
800
25,900
5,525
750
550
1,150
3,650
3,025
1,025
10,225
1,675
8,550

29,050
18,975
3,450
2,675
775
25,600
5,725
750
525
1,150
3,650
2,725
1,000
10,075
1,500
8,575

29,375
18,900
3,350
2,675
675
26,025
5,675
800
550
1,200
3,600
2,700
1,025
10,475
1,650
8,825

28,400
18,250
3,150
2,475
675
25,250
5,475
800
550
1,200
3,550
2,575
950
10,150
1,500
8,650

0.7
3.3
-7.4
-2.9
-20.6
1.8
2.8
10.3
-12.0
20.0
8.4
3.0
15.2
-3.6
0.0
-4.2

1.2
4.5
3.9
6.8
-4.3
0.9
2.5
14.3
-8.5
9.0
10.4
-2.0
17.2
-4.3
-1.6
-4.7

88,252
65,198
7,361
15,693
5,390
20,491
3,001

79,769
58,096
7,104
14,569
5,299
19,133
2,497

73,680
55,892
6,169
11,619
4,843
18,759
1,666

87,371
69,752
6,649
10,969
5,081
23,872
2,150

...
...
...
10,973
4,793
...
...

10.3
11.3
9.8
16.9
-7.9
91.8
14.1

10.2
9.2
12.1
14.0
-4.4
35.3
10.0

59
57

63
59

76
76

29
27

50
46

127.3
109.1

26.4
32.7

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

OCT
2005

NOV
2005

DEC
2005

JAN
2006

12,275
11,425
850
6.9

12,250
11,450
800
6.5

12,275
11,500
775
6.3

12,200
11,450
750
6.1

12,275
11,400
875
7.1

2.7
2.2
9.4
6.5

2.3
2.6
-2.0
-4.2

7,425
4,875
600
6,825
1,525
2,750
2,550
325
2,225

7,525
4,850
600
6,925
1,525
2,725
2,675
325
2,350

7,575
5,000
625
6,950
1,625
2,750
2,575
325
2,250

7,550
4,975
600
6,950
1,600
2,775
2,575
325
2,250

7,325
4,750
550
6,775
1,525
2,675
2,575
325
2,250

3.5
2.7
0.0
3.8
5.2
1.9
5.1
8.3
4.7

3.2
6.2
6.0
3.0
4.3
7.4
-2.0
2.6
-2.7

18,669
14,600
1,643
2,426
833
2,459

18,646
14,687
1,757
2,202
801
2,850

19,406
15,047
2,325
2,034
848
4,788

22,651
19,005
1,725
1,922
890
4,137

...
...
...
1,895
827
...

14.6
17.4
2.5
7.9
-15.0
84.3

18.2
18.6
18.7
13.3
-4.5
19.7

68,600
65,100
3,500
5.1

68,300
65,000
3,300
4.8

67,900
64,600
3,300
4.9

67,000
63,600
3,400
5.1

66,400
62,300
4,100
6.2

2.3
2.1
5.1
2.8

1.6
1.8
-1.6
-3.1

63,900
44,200
6,700
3,300
3,400
57,200
9,400
500
1,700
4,000
7,200
12,800
1,900
19,700
3,200
16,500

64,100
44,200
6,700
3,300
3,400
57,400
9,300
500
1,700
4,000
7,400
12,800
1,800
19,900
3,000
16,900

64,200
44,200
6,700
3,200
3,500
57,500
9,500
500
1,700
3,900
7,300
12,800
1,800
20,000
2,900
17,100

63,100
43,700
6,600
3,200
3,400
56,500
9,400
500
1,700
3,900
7,400
12,400
1,800
19,400
2,800
16,600

61,200
42,300
6,500
3,000
3,500
54,700
9,100
500
1,600
3,800
7,300
11,800
1,700
18,900
2,600
16,300

5.2
6.0
8.3
3.4
12.9
4.8
0.0
25.0
0.0
18.8
5.8
8.3
-5.6
3.3
-10.3
5.8

3.9
4.8
4.1
0.3
8.0
3.9
0.2
7.3
-0.5
12.0
5.5
7.7
1.8
2.0
-6.8
3.8

140,565
88,783
26,827
24,956
8,572
35,233
21,394

136,971
87,723
26,831
22,417
8,154
26,012
19,164

116,602
78,283
21,034
17,284
7,205
31,134
11,030

135,817
98,156
20,917
16,744
7,755
35,868
10,529

...
...
...
16,118
7,040
...
...

7.3
7.2
2.3
18.5
-6.7
40.3
5.4

8.1
5.9
9.4
16.3
-2.5
13.0
7.5

174
90

88
88

80
80

62
62

67
67

76.3
103.0

27.9
-1.1

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

SEP
2005

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

SEP
2005

OCT
2005

NOV
2005

DEC
2005

JAN
2006

3,500
3,300
200
5.7

3,500
3,300
200
5.7

3,525
3,325
200
5.7

3,475
3,300
175
5.0

3,500
3,300
200
5.7

2.9
3.1
0.0
-2.9

2.6
2.7
1.1
-1.5

3,825
3,350
2,725
1,100
300
325
475
50
425

3,800
3,325
2,700
1,100
300
325
475
50
425

3,850
3,350
2,725
1,125
275
350
500
50
450

3,850
3,350
2,725
1,125
275
350
500
50
450

3,925
3,450
2,775
1,150
275
400
475
50
425

9.8
12.2
11.0
7.0
0.0
33.3
-5.0
100.0
-10.5

8.2
10.8
11.5
0.9
14.3
3.2
-6.7
-9.1
-6.5

10,566
9,582
203
781
268
5,038
668

9,052
8,003
287
762
277
2,328
490

7,798
6,907
260
631
263
1,761
479

8,552
7,821
212
518
240
3,172
477

...
...
...
643
281
...
...

-0.7
-0.6
-14.2
42.8
12.5
N/A
86.2

11.9
10.2
10.7
42.4
19.0
59.7
33.7

92,100
88,200
3,900
4.2

91,900
88,200
3,700
4.0

90,900
87,400
3,500
3.9

90,500
87,200
3,300
3.6

90,000
85,900
4,100
4.6

4.0
3.7
10.8
6.5

3.9
4.1
0.7
-3.2

61,400
50,000
12,200
8,600
3,600
49,200
11,600
600
2,200
5,100
8,500
7,700
2,100
11,400
1,300
10,100

61,800
50,200
12,200
8,500
3,700
49,600
11,900
600
2,200
5,100
8,500
7,600
2,100
11,600
1,300
10,300

61,800
50,200
12,000
8,300
3,700
49,800
12,200
600
2,200
5,000
8,600
7,500
2,100
11,600
1,300
10,300

61,500
50,300
12,000
8,300
3,700
49,500
12,100
600
2,300
5,100
8,600
7,500
2,100
11,200
1,200
10,000

59,900
48,900
11,700
8,100
3,600
48,200
11,800
600
2,100
4,900
8,500
7,300
2,000
11,000
1,200
9,800

7.2
7.7
9.3
12.5
2.9
6.6
5.4
0.0
10.5
19.5
3.7
4.3
17.6
4.8
0.0
5.4

6.7
7.4
10.5
12.6
6.1
5.8
5.9
-12.2
12.1
15.9
5.1
2.8
8.5
3.8
0.7
4.2

171,561
130,071
20,529
20,960
7,199
62,935
7,858

176,329
134,135
21,959
20,235
7,360
65,982
9,221

163,514
127,293
20,263
15,957
6,652
73,315
6,605

198,778
163,621
20,163
14,995
6,945
81,206
6,074

...
...
...
15,304
6,684
...
...

12.6
14.2
1.0
26.3
-0.6
41.9
15.9

16.2
16.0
17.0
17.5
-1.5
25.5
18.0

315
311

316
302

311
308

251
249

248
248

-1.2
0.4

11.7
19.0

* 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

OCT
2005

NOV
2005

DEC
2005

JAN
2006

20,650
19,300
1,350
6.5

20,450
19,150
1,300
6.4

20,350
19,100
1,250
6.1

20,250
19,050
1,200
5.9

20,200
18,800
1,400
6.9

0.4
-0.3
9.8
9.4

0.1
0.3
-2.8
-2.8

14,050
9,175
1,925
12,125
2,150
5,100
4,875
550
4,325

14,025
9,175
1,900
12,125
2,150
5,125
4,850
525
4,325

14,275
9,500
2,125
12,150
2,250
5,125
4,775
425
4,350

14,225
9,425
2,125
12,100
2,225
5,075
4,800
450
4,350

13,900
9,200
2,075
11,825
2,125
5,000
4,700
425
4,275

2.4
4.5
0.0
2.8
2.4
7.5
-1.6
-5.6
-1.2

1.7
3.0
-0.3
2.0
1.7
5.0
-0.8
-2.8
-0.6

35,140
23,801
4,665
6,674
2,292
10,504
1,221

34,471
23,197
4,797
6,477
2,356
8,095
1,206

33,867
23,364
4,200
6,303
2,627
9,504
966

39,402
29,253
4,188
5,962
2,761
9,681
891

...
...
...
5,666
2,475
...
...

14.5
15.9
-2.1
40.9
11.0
-1.8
31.0

15.0
15.1
8.1
22.0
3.0
-3.5
19.6

87,850
84,075
3,775
4.3

88,350
84,725
3,625
4.1

88,525
85,025
3,500
4.0

87,700
84,300
3,400
3.9

89,050
84,875
4,175
4.7

4.8
4.1
22.8
17.1

4.8
4.8
5.4
0.5

53,125
45,275
11,025
7,100
3,925
42,100
11,400
950
2,175
3,875
6,775
6,525
2,550
7,850
525
7,325

53,600
45,725
11,075
7,150
3,925
42,525
11,525
950
2,175
3,825
6,925
6,675
2,575
7,875
525
7,350

54,125
46,175
11,050
7,150
3,900
43,075
12,025
950
2,200
3,950
6,900
6,500
2,600
7,950
525
7,425

53,725
45,850
10,700
7,000
3,700
43,025
12,050
975
2,200
3,975
6,900
6,475
2,575
7,875
525
7,350

53,625
45,700
10,975
7,300
3,675
42,650
11,900
925
2,125
3,900
7,050
6,325
2,500
7,925
500
7,425

7.1
7.8
5.3
10.6
-3.9
7.6
9.9
0.0
7.6
11.4
8.5
5.4
12.4
2.9
0.0
3.1

7.0
7.5
9.1
10.7
6.1
6.4
6.2
2.9
8.7
8.5
6.1
7.1
10.3
4.2
2.0
4.3

179,625
136,105
16,183
27,337
9,389
61,228
4,316

153,740
110,496
16,985
26,260
9,551
56,056
3,673

162,580
124,444
15,575
22,561
9,404
52,945
2,585

181,896
143,744
15,895
22,257
10,308
52,682
2,896

...
...
...
22,741
9,932
...
...

7.9
7.6
-1.7
44.2
13.5
-0.8
22.9

17.4
16.7
13.2
25.7
5.7
20.5
7.2

387
380

328
316

304
300

234
232

265
237

-14.0
-16.8

5.4
7.5

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

SEP
2005

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

SEP
2005

OCT
2005

NOV
2005

DEC
2005

JAN
2006

7,225
6,675
550
7.6

7,225
6,700
525
7.3

7,250
6,750
500
6.9

7,200
6,725
475
6.6

7,350
6,800
550
7.5

-3.9
-4.6
4.8
9.0

-0.2
-0.6
4.6
4.9

5,200
3,000
450
4,750
1,325
1,225
2,200
225
1,975

5,250
3,075
450
4,800
1,375
1,250
2,175
225
1,950

5,200
3,050
450
4,750
1,325
1,275
2,150
225
1,925

5,225
3,075
475
4,750
1,325
1,275
2,150
225
1,925

5,275
3,150
500
4,775
1,275
1,375
2,125
225
1,900

-2.8
2.4
11.1
-4.0
-5.6
7.8
-9.6
0.0
-10.6

0.9
3.8
13.5
-0.2
2.1
2.4
-2.9
5.9
-3.8

16,167
8,581
1,854
5,732
1,969
3,399
462

20,314
12,335
1,951
6,028
2,192
2,541
403

17,598
9,202
2,120
6,275
2,616
2,237
439

18,543
11,136
2,091
5,315
2,462
3,830
409

...
...
...
6,994
3,055
...
...

-2.6
-2.8
-11.5
27.9
0.7
145.2
0.6

18.4
21.7
11.3
15.7
-1.7
4.1
6.0

74,000
60,200
13,800
18.6

73,700
61,800
11,900
16.1

75,500
64,400
11,100
14.7

75,800
66,400
9,400
12.4

75,700
66,900
8,800
11.6

4.7
3.7
12.8
7.8

4.1
3.6
7.2
2.7

49,600
35,700
7,300
4,900
2,400
42,300
9,300
1,100
1,500
3,500
6,100
5,400
1,500
13,900
3,100
10,800

51,100
36,700
7,500
5,000
2,500
43,600
9,800
1,100
1,500
3,500
6,100
5,700
1,500
14,400
3,100
11,300

53,000
38,400
7,900
5,000
2,900
45,100
10,300
1,100
1,500
3,600
6,400
6,000
1,600
14,600
3,200
11,400

55,000
40,800
8,700
5,000
3,700
46,300
11,500
1,100
1,500
3,800
6,400
6,200
1,600
14,200
3,300
10,900

54,700
40,600
8,700
4,900
3,800
46,000
11,400
1,100
1,500
3,700
6,400
6,300
1,500
14,100
3,200
10,900

4.8
4.6
6.1
11.4
0.0
4.5
0.0
0.0
0.0
5.7
4.9
16.7
-6.3
5.2
10.3
3.8

5.6
6.4
7.6
12.0
1.1
5.2
4.5
0.0
3.5
7.0
4.2
15.6
-2.1
3.5
5.2
3.0

126,647
93,530
12,432
20,685
7,105
39,617
2,417

137,513
103,253
13,992
20,268
7,372
31,683
3,539

146,178
111,599
15,419
19,161
7,987
33,170
3,409

185,478
149,264
17,099
19,115
8,853
40,719
3,873

...
...
...
20,864
9,113
...
...

9.6
11.0
6.5
26.2
-0.6
25.6
34.1

16.4
15.2
15.4
24.8
5.1
24.2
14.7

213
208

168
168

130
125

168
168

142
142

-4.1
-2.7

-14.2
-9.8

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

OCT
2005

NOV
2005

DEC
2005

JAN
2006

16,000
14,075
1,925
12.0

16,300
14,525
1,775
10.9

16,350
14,900
1,450
8.9

16,450
15,225
1,225
7.4

16,275
15,025
1,250
7.7

3.3
3.3
4.2
0.8

3.4
4.1
-3.2
-6.5

12,725
9,500
925
11,800
4,925
3,650
3,225
1,200
2,025

13,275
10,025
900
12,375
5,325
3,800
3,250
1,225
2,025

13,725
10,450
875
12,850
5,725
3,850
3,275
1,250
2,025

14,050
10,775
825
13,225
6,100
3,850
3,275
1,250
2,025

13,725
10,400
775
12,950
5,875
3,750
3,325
1,250
2,075

6.6
9.5
-16.2
8.4
11.4
13.6
-1.5
11.1
-7.8

6.9
9.7
-4.1
7.8
11.8
10.5
-0.7
4.1
-3.3

35,101
26,078
3,453
5,570
1,913
10,334
888

36,227
28,586
3,184
4,456
1,621
7,348
706

43,831
34,105
3,700
6,026
2,512
9,722
1,225

58,602
47,891
4,543
6,167
2,857
8,950
1,327

...
...
...
5,473
2,390
...
...

11.9
14.4
16.5
17.0
-7.9
N/A
65.8

14.7
16.6
11.3
7.6
-8.6
41.2
19.3

64
59

48
48

36
36

30
30

128
128

265.7
265.7

15.3
16.9

56,375
53,400
2,975
5.3

56,325
53,500
2,825
5.0

56,075
53,400
2,675
4.8

55,900
53,300
2,600
4.7

56,500
53,350
3,150
5.6

3.7
2.8
20.0
15.8

3.2
3.1
4.3
1.1

37,750
25,325
3,700
2,850
850
34,050
6,450
450
1,000
4,450
3,900
4,225
1,150
12,425
5,025
7,400

38,050
25,600
3,775
2,900
875
34,275
6,500
450
1,000
4,500
3,950
4,250
1,175
12,450
5,025
7,425

38,125
25,600
3,725
2,975
750
34,400
6,725
450
1,000
4,425
3,975
4,275
1,025
12,525
5,025
7,500

38,025
25,600
3,650
2,850
800
34,375
6,825
475
1,000
4,350
4,000
4,300
1,000
12,425
5,000
7,425

37,725
25,350
3,550
2,775
775
34,175
6,550
475
975
4,525
4,025
4,275
975
12,375
5,000
7,375

5.7
6.0
6.0
11.0
-8.8
5.7
2.3
0.0
8.3
9.0
4.5
11.8
0.0
5.3
4.2
6.1

5.6
5.4
7.7
11.1
-2.2
5.3
1.1
-8.3
4.7
15.2
4.4
6.2
-4.1
6.0
3.6
7.6

79,841
57,853
8,626
13,362
4,589
21,330
2,601

80,784
59,437
9,313
12,034
4,377
24,377
2,988

80,611
60,043
9,091
11,478
4,784
26,526
2,690

99,292
78,775
9,600
10,918
5,057
22,817
2,158

...
...
...
11,340
4,953
...
...

1.0
2.1
2.8
6.4
-16.2
-3.6
-6.8

7.8
7.5
1.8
12.3
-5.5
14.4
9.8

110
108

92
90

67
67

50
48

60
60

-14.3
-14.3

12.5
13.6

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

SEP
2005

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

OCT
2005

NOV
2005

DEC
2005

JAN
2006

437.1
415.4
21.7
4.8

438.9
418.2
20.7
4.8

438.9
419.4
19.5
4.7

441.2
422.7
18.5
4.5

438.9
416.5
22.4
4.9

1.3
0.6
14.9
13.5

-0.2
-0.3
1.6
1.7

367.7
1.3
26.3
28.3
4.7
11.2
8.3
40.3
9.1
7.1
16.8
46.6
50.8
5.0
7.8
27.1
14.7
10.3
67.9
43.1

372.1
1.3
26.7
28.3
4.8
11.2
8.4
40.9
9.3
7.2
17.0
47.2
51.3
5.3
7.7
27.4
14.9
10.3
68.9
44.4

375.6
1.6
26.7
28.4
4.7
11.3
8.4
42.6
9.3
7.1
17.1
47.2
51.7
5.6
7.9
27.8
14.9
10.3
69.0
44.6

378.6
1.6
27.1
28.6
4.7
11.4
8.6
43.6
9.4
7.3
17.4
47.8
51.6
5.6
8.0
28.1
14.9
10.2
68.8
44.4

369.9
1.6
26.4
28.8
4.7
11.3
8.4
41.5
9.3
7.2
17.2
46.7
51.6
5.7
8.1
27.9
14.3
10.1
65.1
40.8

3.8
14.3
11.4
2.9
-6.0
1.8
5.0
0.7
5.7
-1.4
11.0
5.7
5.1
26.7
5.2
5.7
0.0
2.0
-1.8
-2.9

1.8
8.8
7.9
-0.3
-5.0
-0.4
3.2
-1.0
8.1
-4.9
4.2
5.5
5.3
2.4
0.1
4.5
-0.1
3.9
-3.9
-6.3

911,419
587,212
124,176
104,403
95,628
186,483
21,681

894,110
567,016
129,703
109,081
88,310
165,585
28,388

915,677
606,453
132,513
108,368
68,343
185,217
29,983

1,156,281
839,207
134,007
116,830
66,237
207,330
24,526

...
...
...
...
70,074
...
...

8.7
9.0
13.2
6.5
19.5
16.5
9.3

10.9
9.2
12.6
12.4
21.6
13.6
18.7

1,110
965
145

899
797
102

823
713
110

896
793
103

897
853
44

26.9
25.7
53.0

15.0
16.6
2.9

354,531
1,404
252,515

355,266
1,368
259,698

324,189
1,219
265,947

331,014
1,241
266,731

258,363
944
273,690

3.7
-13.1
19.3

32.3
7.2
23.5

313,413
23,941

357,371
24,194

354,541
27,291

358,549
25,337

...
...

7.8
25.9

9.5
12.2

IV
2004

I
2005

II
2005

III
2005

IV
2005

940.7
1.3
3.3
2.0
4.7

947.1
1.3
3.3
2.0
5.1

953.8
1.3
3.3
2.0
5.3

960.4
1.3
3.3
2.0
5.3

967.0
1.3
3.3
2.0
5.3

2.8
-0.5
1.2
2.4
11.7

2.7
-0.3
1.2
2.1
18.3

25,339
17,597
1,990
120
4,929
4,683
26,936

25,715
17,955
2,022
123
4,890
4,769
27,151

26,247
18,362
2,072
126
4,962
4,868
27,519

26,803
18,761
2,124
129
5,068
4,968
27,908

27,384
19,143
2,180
132
5,220
5,068
28,320

8.1
8.8
9.6
9.6
5.9
8.2
5.1

7.7
9.0
9.1
9.9
3.3
8.3
4.9

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

SEP
2005

% 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

SEP
2005

OCT
2005

1,930.3
1,845.4
84.9
4.2

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

NOV
2005

DEC
2005

JAN
2006

1,942.5
1,861.7
80.8
4.2

1,948.8
1,872.7
76.1
4.1

1,952.9
1,880.5
72.4
4.0

1,948.7
1,861.2
87.5
4.3

3.8
3.5
10.9
6.9

3.8
4.0
-1.5
-5.2

1,809.2
1.7
169.6
108.9
14.2
40.0
15.4
27.5
82.5
216.3
8.2
54.0
32.9
110.9
37.5
306.5
30.3
154.5
21.5
26.2
120.1
68.2
21.9
210.0
110.7

1,829.9
1.7
172.5
109.1
14.4
39.9
15.4
27.5
83.5
220.8
8.2
55.0
33.1
110.7
38.0
310.9
31.0
154.8
22.2
27.1
122.1
68.5
21.9
211.3
111.7

1,850.3
2.5
173.6
109.0
14.4
39.9
15.3
27.5
83.8
230.4
8.2
55.0
33.0
111.5
38.4
313.2
31.6
155.5
22.6
27.4
123.7
68.8
22.1
212.5
113.2

1,862.8
2.6
175.3
109.1
14.7
40.0
15.3
27.4
84.2
235.0
8.2
55.1
32.9
112.0
38.9
316.4
31.5
155.8
23.1
27.5
124.6
69.2
22.4
211.6
112.9

1,826.3
2.6
172.8
109.1
14.5
40.1
15.3
26.9
84.1
227.8
8.0
54.9
32.6
110.7
38.2
307.4
31.1
156.4
22.7
27.4
122.9
67.8
22.2
200.7
102.0

6.5
18.2
16.0
3.0
5.1
3.4
3.4
0.4
4.6
8.2
2.6
2.8
1.2
4.8
5.8
9.8
4.7
6.6
7.6
0.4
6.8
6.4
1.8
0.7
1.6

6.2
4.4
15.9
3.3
5.7
2.5
3.5
0.5
4.3
8.3
2.2
2.5
-3.1
5.1
7.6
9.4
6.9
5.2
5.1
-0.7
6.4
4.6
1.2
2.0
3.3

4,303,110
2,878,748
546,914
479,397
398,050
1,204,574
83,888

4,363,527
2,889,600
571,256
511,397
391,274
1,120,078
110,371

4,444,380
3,036,818
583,633
511,297
312,632
1,242,223
116,001

5,572,205
4,119,293
590,212
553,719
308,980
1,443,256
102,327

...
...
...
...
322,354
...
...

15.7
16.7
14.4
10.4
32.1
32.8
12.1

14.7
14.7
13.8
12.6
21.2
29.5
15.6

5,263
4,350
38
875

5,433
3,889
144
1,400

3,577
3,405
61
111

4,703
3,905
176
622

4,915
3,593
257
1,065

14.0
-3.6
213.4
110.9

-4.8
-9.7
-7.7
42.2

2,827,977
8,871
318,789

2,513,633
7,751
324,298

2,279,457
7,048
323,419

2,093,431
6,300
332,291

1,721,698
5,048
341,065

5.4
-19.9
31.6

40.1
3.6
35.8

3,130,240
45,879

3,451,033
47,572

3,404,530
46,840

3,433,127
47,656

3,310,363
46,349

4.9
0.6

4.1
1.5

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 Center,
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
IV
2004

I
2005

PHOENIX-MESA METROPOLITAN REGION (MARICOPA AND PINAL COUNTY) - QUARTERLY DATA
Demographics & Vital Statistics (000s, seas adj) ADHS & EBR
Population
3,803.0
3,841.6
Natural Increase
9.3
9.3
Births
15.7
15.8
Deaths
6.4
6.5
Net Migration
31.1
29.4
Personal Income by Source ($mil, SAAR) EBR
Total Personal Income
117,661
119,672
Earnings by Place of Work
94,582
96,475
Less: Contributions for Social Insurance
10,382
10,543
Plus: Adjustment for Residence
-46
-46
Plus: Dividends, Interest & Rents
18,147
18,069
Plus: Transfer Payments
15,360
15,717
Per Capita Personal Income ($, SAAR) EBR
30,939
31,152
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

II
2005

III
2005

IV
2005

3,878.6
9.3
15.9
6.6
27.7

3,913.8
9.4
16.0
6.6
25.8

3,948.2
9.5
16.2
6.7
24.9

3.8
2.0
2.8
4.1
-19.9

4.0
1.3
2.4
4.1
-6.3

122,357
98,796
10,815
-46
18,324
16,098
31,547

125,132
101,129
11,109
-46
18,682
16,476
31,972

127,993
103,442
11,426
-46
19,176
16,847
32,418

8.8
9.4
10.1
0.7
5.7
9.7
4.8

8.6
9.4
9.4
1.9
3.6
10.0
4.3

5,907.4
13.3
23.8
10.5
36.7

5,956.5
12.8
23.5
10.6
35.5

6,004.5
12.6
24.2
11.5
35.0

6,053.1
13.4
23.9
10.5
36.1

6,102.8
12.8
23.7
10.9
37.2

3.3
-3.9
-0.4
4.0
1.3

3.4
1.7
2.2
2.8
-4.5

170,663
130,079
14,266
643
28,111
26,096

172,784
133,396
14,777
660
26,553
26,954

176,407
136,214
15,052
675
27,103
27,471

178,814
139,242
15,341
690
25,723
28,503

184,472
142,696
15,663
708
28,178
28,555

8.1
9.7
9.8
10.1
0.2
9.4

8.4
10.1
10.3
10.1
0.0
9.6

94,147
20,945
14,663
412
14,251
28,890
38,286

96,006
21,639
15,258
713
14,545
29,008
38,643

97,778
22,143
15,938
739
15,199
29,379
38,849

99,975
22,796
16,604
823
15,780
29,541
39,119

102,243
23,382
...
...
...
30,228
...

8.6
11.6
12.6
44.1
11.3
4.6
4.0

9.4
12.1
10.4
3.8
10.7
4.9
4.8

SEP
2005

OCT
2005

NOV
2005

DEC
2005

1,579,277
133,819
559,871
885,587
103,175
20,093
60,559
22,523

1,394,300
119,325
486,432
788,543
193,454
30,898
131,822
30,734

941,659
84,233
335,718
521,708
202,603
31,649
148,917
22,037

781,257
64,645
291,377
425,235
208,809
35,400
159,194
14,215

929,069
72,044
262,685
594,340
279,300
43,049
209,130
27,121

22.0
28.3
51.4
11.8
14.9
-8.6
18.6
37.9

1.0
-5.7
5.2
-0.5
2.9
7.6
1.4
5.0

630,599
1,716,005
...

666,986
1,646,390
...

656,552
1,732,627
...

705,441
1,920,452
...

631,041
1,842,596
...

-1.6
4.6
...

-3.5
-8.6
...

198.8
195.0

199.2
195.2

196.8
192.5

196.8
192.5

198.3
194.0

4.0
4.1

3.4
3.6

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

JAN
2006

% 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

SEP
2005

OCT
2005

2,863.8
2,719.1
144.7
4.8

DEC
2005

JAN
2006

2,876.7
2,740.2
136.5
4.8

2,882.5
2,753.4
129.1
4.7

2,886.8
2,764.8
122.0
4.7

2,880.5
2,736.3
144.2
4.8

3.3
2.9
11.6
6.7

3.0
3.1
-0.0
-3.4

2,533.8
8.2
225.5
147.0
18.4
45.2
26.9
34.9
98.8
304.1
11.8
69.2
44.8
126.9
49.4
377.4
41.0
236.0
30.7
44.7
177.3
94.3
52.4
359.4
193.4
40.0

2,563.0
8.2
228.7
147.4
18.6
45.2
26.9
34.9
100.0
309.9
11.9
70.4
45.0
126.8
49.9
382.1
42.1
237.2
31.4
46.3
179.5
95.1
52.3
363.9
198.0
40.9

2,588.1
9.5
229.5
147.5
18.6
45.2
26.9
35.3
100.8
322.3
11.9
70.5
44.9
127.6
50.3
384.7
42.7
238.3
31.7
46.4
181.4
95.4
52.0
365.4
200.1
40.9

2,603.4
9.6
231.1
147.6
18.9
45.3
27.0
35.9
102.4
327.9
11.9
70.6
45.0
128.3
51.1
388.1
42.4
238.8
32.4
46.5
182.5
95.8
52.2
363.3
198.4
40.5

2,549.1
9.6
227.2
147.7
18.5
45.3
27.0
35.4
102.0
316.7
11.7
69.9
44.5
126.7
50.2
377.4
41.6
239.3
31.9
45.9
180.3
93.1
51.0
347.0
182.2
40.5

5.6
11.6
14.1
3.1
5.1
2.3
2.7
0.3
4.5
5.7
2.6
2.3
0.7
5.2
7.0
9.1
3.5
5.9
9.2
3.1
6.8
5.7
0.6
0.6
1.1
-1.9

5.4
6.0
14.1
2.9
5.3
1.6
1.5
0.6
4.1
6.1
2.2
3.2
-3.0
4.9
7.3
9.0
5.8
5.1
5.0
2.6
6.0
4.0
1.5
0.9
0.9
0.4

15.99
14.31
14.98
12.21
18.72

15.92
14.18
15.10
12.27
18.47

15.98
14.33
14.96
12.19
18.65

16.12
14.15
14.86
12.01
18.46

16.21
14.45
15.14
12.37
18.34

5.7
0.3
2.6
3.6
-0.4

3.7
2.4
4.2
3.7
1.4

6,280,822
4,126,716
820,022
688,631
645,453
221,691
779,801
256,987
54,781
281,046
1,674,482
115,262
151,767

6,335,096
4,126,716
856,519
729,655
622,205
226,314
687,685
273,566
71,562
311,101
1,538,518
116,387
183,780

6,396,032
4,295,849
875,076
718,498
506,608
211,175
511,689
258,754
90,441
314,168
1,700,777
114,584
177,613

7,938,915
5,783,926
884,941
774,478
495,569
229,526
630,229
260,600
77,647
298,120
1,945,382
142,304
158,540

...
...
...
...
516,023
225,377
...
...
...
...
...
...
...

13.4
14.5
11.6
8.7
28.5
1.2
19.6
9.4
4.4
3.0
30.7
43.9
12.1

13.7
13.7
11.0
12.4
20.4
1.0
9.8
6.3
10.4
6.5
26.2
58.1
15.1

7,722
6,584
83
1,055

7,466
5,812
199
1,455

5,428
5,155
86
187

6,452
5,567
207
678

6,675
5,250
312
1,113

12.8
-0.7
171.3
116.5

-0.3
-3.0
-10.1
41.1

4,950
4,557
13
379

11,007
10,410
20
577

388
106
13
269

245
166
6
73

298
212
8
78

-84.9
-85.9
-57.9
-82.9

23.6
35.0
-23.3
-28.3

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

NOV
2005

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

IV
2004

I
2005

II
2005

III
2005

IV
2005

194.8
190.7
186.4

195.8
191.9
187.4

198.5
194.5
190.1

200.0
196.9
192.7

201.3
197.6
193.4

3.4
3.6
3.7

3.1
3.4
3.5

110.1
109.3

111.0
109.9

111.7
110.8

112.6
111.8

113.1
112.6

2.8
3.0

2.7
2.8

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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19.

Breakfast with
the Economists:
A Mid-Year
Economic Update

Make the Right Decision.
The quality of one’s decisions grows from the quality of
the information upon which they are based. The
Arizona Business Leaders Confidence Index ® (BLCI),
a collaborative effort by Compass Bank and The
University of Arizona’s Eller College of Management,
provides executives like you with valuable perspectives
on the latest economic news and business trends.
Please log on at www.blci.com/arizona/ and register to
become a BLCI panelist. It only takes a few minutes
and you’ll be notified by email when the next survey
opens on June 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 us for breakfast as The University of Arizona
economists Gerald Swanson and Marshall Vest review
the nation’s current situation regarding budget
deficits, national debt, and mid-year economic
forecast for the State and Metro economies.
When: Wednesday, June 7, 2006
7:00 am – 8:45 am
Where: Doubletree Hotel Tucson at Reid Park
445 South Alvernon Way
Cost: $20.00 per person
Reservations: outlook@eller.arizona.edu or
520.626.8666
Sponsored by Chase

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