WINTER 2018 ISSUE

Summer Swoon? Arizona Looks To
Rebuild Momentum
By George W. Hammond, Ph.D., EBRC Director and Research Professor
December 1, 2017
posted during the 30 years before
the Great Recession. Most of the
job growth during the next decade
will be in service-providing sectors,
particularly education and health
services; professional and business
services; trade, transportation, and
utilities; and leisure and hospitality.

A

rizona is generating solid
economic growth, outpacing
the nation but not keeping
up with our own past history. Job
gains decelerated again in the third
quarter, continuing the pattern
begun at the end of 2016. Income
gains have been a bit stronger so
far this year, likely reflecting the
increase in the state’s minimum
wage and tighter overall labor
markets.
The outlook calls for the state to
continue to grind out solid gains,
assuming the national economy
avoids recession. While those gains
are expected to beat the national
average, they will likely be slow
compared to growth rates routinely

Both of Arizona’s largest
metropolitan statistical areas (MSAs)
are projected to expand during the
forecast period. The Phoenix MSA
is expected to remain the economic
engine of the state, driving job,
income, and population growth. The
Tucson MSA economy is expected
to continue improving, but at a
moderate pace.

Arizona Recent
Developments
Arizona’s job growth lost momentum
in 2017, with over-the-year gains
gradually decelerating throughout
the year, at least according to
preliminary estimates. The state
added 40,200 jobs over the year
in the third quarter of 2017, which
translated into 1.5% growth. That
was slightly above the U.S. rate of
1.4%, but well below state job gains
in the third quarter of 2016 of 2.8%.

In This Issue
Summer Swoon? Arizona
Looks To Rebuild
Momentum.......................1
Forecast Tables.................5
Arizona Economic Indicators:
State...............................6
Arizona Economic Indicators:
Metro Areas......................10
Arizona Economic Indicators:
Counties..........................15

“Most of the job
growth during the
next decade will be
in service-providing
sectors.”

Over-the-year job gains in
the third quarter of 2017
were driven by leisure and
hospitality; education and health
services; financial activities;
and manufacturing (Exhibit 1).
These four sectors accounted for
87.6% of state job growth during
the period. Gains in leisure and
hospitality were concentrated
in eating and drinking places.
Health care and social assistance
generated most of the gains in
the larger education and health
services sector. Finance and
insurance jobs drove gains in
financial activities, with little
growth in real estate employment.
Durable manufacturing jobs
generated most of the increase in
state manufacturing employment,
thanks to increases in other
durable manufacturing (with a
little help from aerospace and
fabricated metals). Government
(primarily state and local
education); professional and
business services; trade,
transportation, and utilities; and
construction also contributed
to job gains over the year.

Employment in natural resources
and mining was stable.
Two industries lost jobs during
the past year: other services,
down 2,300, and information,
down 2,500. Other services
includes personal services
(barbers, laundry services, etc.)
and membership organizations.
Information includes broadcasting,
telecommunications, printing, and
data processing, as well as a wide
range of other technology-oriented
industries.
As Exhibit 1 also shows, the
recent slowdown in overall
job growth was driven by
decelerations in professional
and business services; trade,
transportation, and utilities;
construction; other services;
financial activities; information;
education and health services; and
government. Job gains accelerated
recently in leisure and hospitality
and manufacturing. The drag from
job losses in natural resources and
mining lessened during the past
year.

Exhibit 1: Arizona’s Job Growth Decelerated During The Past Year
Over-the-Year Job Growth by Industry
11
Leisure and Hospitality
10
Education and Health Services
9
Financial Activities
8
Manufacturing
7
Government
6
Professional and Business Services
5
Construction
4
Trade, Transportation, and Utilities

2016q3 - 2017q3

3
Natural Resources and Mining

2015q3 - 2016q3

2
Other Services
1
Information
-10

-5

0

5

10

15

20

thousands
2 | Economic and Business Research Center, Eller College of Management, The University of Arizona

25

30

January, 2018 Winter Issue

On the international front,
Arizona’s merchandise exports
continued to decline through the
first nine months of 2017. They
have fallen by 5.5% from the first
nine months of 2016 and are down
10.0% from the same period of
2015 (the peak). Arizona exports
to Mexico, our most important
export destination, have fallen
9.4% so far this year and have
declined 19.4% from their 2015
peak. Exports to Canada have
declined 3.8% this year and are off
11.9% from their peak. The export
decline was likely driven in part
by the strong U.S. dollar, which in
September was up 13.9% versus
major currencies since mid-2014.
The dollar has risen even more
dramatically against the Mexican
peso, with a 37.2% increase since
mid-2014. Other things the same,
an increase in the U.S. dollar
versus foreign currencies tends
to depress exports and increase
imports. However, it’s important
to keep in mind that many other
factors may be influencing exports
as well, including economic
activity domestically and abroad
and political events, among other
factors.
While merchandise exports
account for a large share of export
activity, exports of services matter
as well. One dimension of service
exports in Arizona is the spending
of Mexican visitors. While we do
not have monthly estimates of
Mexican visitor spending in the
state, EBRC publishes data on
legal northbound border crossings
through our border ports of entry
on the Arizona-Mexico Economic
Indicators site (azmex.eller.
arizona.edu). These data suggest
that the number of people crossing
the border into Arizona continues
to increase, but at a somewhat
slower pace than earlier in the
decade. That slowdown may be
connected to rising tourism costs
driven by the appreciation of the
U.S. dollar.

Arizona Outlook
The outlook for the Arizona
economy depends in part on
global and national economic
performance. Likewise, the
Arizona, Phoenix, and Tucson
forecasts depend on a forecast for
the U.S. economy produced by IHS
Markit in October 2017. This differs
from forecasts released so far this
year in that it no longer assumes
that fiscal stimulus boosts growth
in 2018-2019. Thus, real GDP
growth is expected to average
2.2% in 2017, 2.4% in 2018, and
then gradually decelerate to 1.7%
by 2027.

“Arizona exports to
Mexico, our most
important export
destination, have
fallen 9.4% so far
this year and have
decline 19.4% from
their 2015 peak.”

The U.S. unemployment rate is
expected to decline from 4.9%
in 2016 to 4.4% this year and
then to 4.3% in 2018. After 2020,
the unemployment rate drifts up
modestly, reflecting somewhat
slower output gains. Nonetheless,
the U.S. unemployment rate is
expected to return to levels last
seen in the late 1990s and early
2000s.
Sustained U.S. growth sets the
stage for the Arizona economy to
continue to expand (Exhibit 2).
The forecast calls for state job
growth to decelerate from 2.6%
in 2016 to 1.9% in 2017, reflecting
slowing job growth so far this year.
Job gains accelerate modestly in
2018 and 2019, to 2.4% and 2.5%
respectively. Overall, state job
growth remains well above the
national rate, but below average
growth during the 30 years before
the Great Recession.
Most job gains during the next
decade are forecast to come
in the service-providing sector,
particularly education and
health services; professional
and business services; trade,
transportation and utilities; and
leisure and hospitality. These four
sectors alone account for 72.7% of
net job growth during the next 10
years.

www.azeconomy.org | 3

Exhibit 2: Arizona Outlook Summary
Actual
2016

Forecast
2017

2018

2019

Growth Rate
Nonfarm Jobs

2.6

1.9

2.4

2.5

Personal Income

3.6

4.8

5.4

5.8

Retail Sales Less Food

2.8

3.8

4.2

4.4

Population

1.1

1.4

1.6

1.6

Level
Unempl. Rate
Housing Permits

5.2

4.9

4.5

4.5

35,578

38,318

43,766

45,298

With continued job growth
during the forecast, the state
unemployment rate is forecast to
fall from 5.2% in 2016, to 4.5% by
2019.
Modestly accelerating job growth
drives up net migration during the
next two years, which contributes
to stronger population gains.
Population growth is forecast to
accelerate from 1.1% last year to
1.6% by 2018. That’s better than
recent results and the national
average, but still slow compared to
the state’s long-run growth.
Personal income gains accelerate
in 2017, reflecting stronger
growth in earnings from work;
dividends, interest, and rent; and
transfer payments. Accelerating
earnings from work reflect both
the state’s increased minimum

wage and tighter labor markets.
Overall, personal income gains are
forecast to rise from 3.6% in 2016,
to 4.8% this year, and then to
5.4% and 5.8% in 2018 and 2019,
respectively.
Rising income gains drive up sales,
with retail sales growth rising from
2.8% in 2016 to 3.8% this year,
then just above 4.0% during 20182019.
Overall, Arizona is well positioned
to continue to generate growth at
a pace that exceeds the national
average, but which also falls short
of our own past history.

“Overall, Arizona is well positioned to continue to generate growth at a
pace that exceeds the national average, but which also falls short of our
own past history.”

4 | Economic and Business Research Center, Eller College of Management, The University of Arizona

January, 2018 Winter Issue

FORECAST TABLES
Arizona
Personal Income ($ mil)
  % Chg from Year Ago
Retail Sales ($mil)
  % Chg from Year Ago
Total Nonfarm Employment (000s)
  % Chg from Year Ago
Population (000s), July 1st estimates
  % Chg from Year Ago

2016

2017

2018

2019

2020

2021

280,120

293,645

309,464

327,386

346,941

365,971

3.6%

4.8%

5.4%

5.8%

6.0%

5.5%

94,738

99,667

103,130

107,885

113,661

118,797

2.4%

5.2%

3.5%

4.6%

5.4%

4.5%

2,704.0

2,754.8

2,822.2

2,893.0

2,955.1

3,007.4

2.6%

1.9%

2.4%

2.5%

2.1%

1.8%

6,835.5

6,933.9

7,047.0

7,162.2

7,276.4

7,390.7

1.1%

1.4%

1.6%

1.6%

1.6%

1.6%

Residential Building Permits (units)

35,578

38,318

43,766

45,298

44,914

44,887

  % Chg from Year Ago

23.1%

7.7%

14.2%

3.5%

-0.8%

-0.1%

2016

2017

2018

2019

2020

2021

194,413

205,228

217,496

231,660

247,464

263,375

4.1%

5.6%

6.0%

6.5%

6.8%

6.4%

Retail Sales ($ mil)

67,138

70,867

73,459

77,592

82,429

86,778

  % Chg from Prior

3.4%

5.6%

3.7%

5.6%

6.2%

5.3%

1,972.9

2,026.4

2,081.8

2,134.6

2,187.3

2,239.8

3.1%

2.7%

2.7%

2.5%

2.5%

2.4%

4,550.4

4,624.7

4,706.5

4,790.7

4,879.6

4,971.6

1.5%

1.6%

1.8%

1.8%

1.9%

1.9%

28,583

29,575

31,130

32,001

33,612

34,358

27.6%

3.5%

5.3%

2.8%

5.0%

2.2%

Phoenix-Mesa-Glendale MSA
Personal Income ($ mil)
  % Chg from Year Ago

Total Nonfarm Employment (000s)
  % Chg from Year Ago
Population (000s), July 1st estimates
  % Chg from Year Ago
Residential Building Permits (units)
  % Chg from Prior
Tucson MSA
Personal Income ($ mil)
  % Chg from Year Ago
Retail Sales ($ mil)

2016

2017

2018

2019

2020

2021

39,864

41,139

42,713

44,749

46,997

49,254

2.4%

3.2%

3.8%

4.8%

5.0%

4.8%

13,044

13,574

13,862

14,280

14,847

15,323

  % Chg from Year Ago

1.1%

4.1%

2.1%

3.0%

4.0%

3.2%

Total Nonfarm Employment (000s)

373.4

376.4

380.8

386.0

391.1

395.4

  % Chg from Year Ago
Population (000s), July 1st estimates

1.3%

0.8%

1.2%

1.4%

1.3%

1.1%

1,013.1

1,017.8

1,023.9

1,030.9

1,038.4

1,046.6

  % Chg from Year Ago

0.4%

0.5%

0.6%

0.7%

0.7%

0.8%

Residential Permits (units)

2,466

2,771

2,927

3,119

3,341

3,547

  % Chg from Year Ago

1.6%

12.4%

5.6%

6.6%

7.1%

6.2%

Do you need more detailed and comprehensive forecast data and analysis? Learn about the benefits of
becoming a Forecasting Project sponsor. Forecasting Project sponsorship allows your company or organization
to access an in-depth menu of economic forecasting and consulting services, as well as quarterly forecast
update meetings.
Contact George Hammond: ghammond@eller.arizona.edu, 520.626.1679
The Forecasting Project is a community-sponsored research unit within the Economic and Business Research
Center producing quarterly economic forecasts for Arizona and its metro areas. These forecasts are
recognized as among the most accurate in the Western states.

azeconomy.org | 5

ARIZONA ECONOMIC INDICATORS
Arizona - Labor Force and Employment, SA

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

Persons (000s, seasonally adjusted), Local Area Unemployment Statistics, BLS
Civilian Labor Force
  % Chg from Year Ago
Employment
Unemployment
Unemployment Rate

3,317.2

3,307.8

3,303.2

3,315.1

3,317.9

2.7%

2.2%

1.9%

2.1%

2.0%

3,148.7

3,138.4

3,138.4

3,158.5

3,170.0

168.5

169.4

164.8

156.6

147.9

5.1

5.1

5.0

4.7

4.5

2,767.1

2,762.5

Employees on Nonagricultural Payrolls (000s, seasonally adjusted), Current Employment Statistics, BLS
Total
  % Chg from Year Ago
Total Private
  % Chg from Year Ago
Goods Producing
Mining and Logging
Construction
Manufacturing
Durable Goods

2,751.1

2,743.9

2,754.6

2.0%

1.2%

1.4%

1.3%

1.2%

2,334.8

2,329.7

2,338.3

2,352.8

2,350.6

2.2%

1.3%

1.4%

1.5%

1.4%

311.7

311.3

314.9

315.3

314.5

11.3

11.3

11.4

11.3

11.3

137.0

137.3

139.1

139.6

138.4

163.4

162.7

164.4

164.4

164.8

123.3

123.6

123.7

124.2

125.0

2,439.4

2,432.6

2,439.7

2,451.8

2,448.0

2,023.1

2,018.4

2,023.4

2,037.5

2,036.1

94.5

93.9

93.7

94.6

93.4

328.1

329.4

328.5

328.2

328.4

97.2

98.1

97.7

98.4

98.4

Non-Durable Goods
Service Providing
Private Service Providing
Wholesale Trade
Retail Trade
Transportation and Utilities
Information
Finance and Insurance

43.8

42.7

42.2

42.8

43.4

159.5

158.8

159.9

160.0

159.7

Real Estate and Rental and Leasing

49.9

49.3

49.9

50.8

51.1

Professional and Business Services

417.0

414.7

419.0

423.5

424.6

142.2

142.5

142.1

143.3

145.8

31.8

31.8

32.2

31.9

32.1

243.0

240.4

244.7

248.3

246.7

Professional, Scientific, and Technical
Services
Management of Companies and
Enterprises
Administrative and Support
Waste Management and Remediation
Services
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services
Government
  % Chg from Year Ago
Federal Government

58.8

59.2

61.6

63.9

62.5

363.1

361.4

361.1

363.6

362.6

40.3

40.8

39.6

39.1

40.2

284.5

283.4

283.6

285.4

284.8

86.4

86.7

86.6

87.2

87.0

416.3

414.2

416.3

414.3

411.9

1.2%

0.7%

1.4%

0.2%

-0.1%

55.2

55.4

55.2

55.6

55.4

State Government

86.8

88.0

84.8

87.9

87.5

Local Government

274.3

270.8

276.3

270.8

269.0

6 | Economic and Business Research Center, Eller College of Management, The University of Arizona

January, 2018 Winter Issue

ARIZONA ECONOMIC INDICATORS
Arizona - Earnings, Sales, Housing, Bankruptcy

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

25.63

25.56

25.23

Average Hourly Earnings by Industry ($, not seasonally adjusted), BLS
Total Private
  % Chg from Year Ago

24.74

25.44

4.1%

7.2%

5.7%

5.6%

3.2%

25.60

25.82

25.48

26.29

26.01

Manufacturing

24.06

24.38

23.68

23.76

24.08

Financial Activities

28.37

29.01

29.77

28.85

29.71

Professional and Business Services

27.08

28.21

28.10

28.12

28.35

Trade, Transportation, and Utilities

23.72

24.81

24.43

24.49

25.26

Education and Health Services

26.22

26.67

26.67

26.72

26.88

Leisure and Hospitality

14.82

14.69

14.82

14.80

15.06

8,257,519.6

7,610,428.5

7,937,270.8

Construction

Sales ($000s, accrual), ADOR
Aggregate Retail Sales, EBRC*
  % Chg from Year Ago
Retail Sales

5.6%

0.9%

6.1%

5,524,978.8

4,989,693.0

5,290,571.6

Food, EBRC**

1,100,486.6

1,051,513.9

1,047,860.4

Restaurants & Bars

1,082,639.2

1,025,901.0

1,042,001.7

Gasoline, EBRC***

549,415.0

543,320.8

556,837.1

577,053.8

Gallons, ADOT

241,820.0

246,292.3

255,195.7

242,052.8

Utilities

925,694.5

1,243,290.4

1,126,651.3

Communications

177,089.4

157,788.6

171,689.7

Amusements

148,858.8

98,950.0

99,081.3

Rentals Personal Property

334,086.4

332,028.0

317,008.2

Contracting

996,662.0

899,803.4

1,006,084.8

Hotel/Motel

223,774.3

197,156.4

193,407.3

Mining, Oil, & Gas Production

13,732.3

11,317.0

13,452.9

Mining Severance

41,145.0

78,264.2

42,256.4

Printing

18,178.5

38,934.1

-12,344.1

6,176.6

7,427.0

5,800.9

553,418.5

486,173.9

555,952.6

3,399

2,487

3,941

3,108

3,706

-27.9%

1.9%

49.9%

-11.6%

70.5%

Publishing
Use Tax
New Housing Units Authorized, Census C-40
Total Units
  % Chg from Year Ago
Single Family Units
  % Chg from Year Ago

2,532

2,377

2,594

2,164

2,279

-1.5%

30.6%

21.7%

12.9%

20.0%

2-4 Unit Structures

60

33

88

57

61

807

77

1,259

887

1,366

1,442

1,289

1,525

1,227

1,359

9.7%

3.0%

14.2%

3.8%

9.0%

1,227

1,057

1,257

968

1,107

5-plus Unit Structures
Bankruptcy Filings, U.S. Bankruptcy Court - Arizona District
Total
  % Chg from Year Ago
Chapter 7
Chapter 11

11

9

14

14

12

Chapter 13

203

224

253

244

239

*EBRC estimates Aggregate Retail Sales by summing Retail Sales (ADOR), Food Sales estimated by EBRC (food is not taxable in Arizona),
Restaurant and Bar Sales (ADOR), and Gasoline Sales estimated by EBRC using number of gallons sold in Arizona (ADOT) and current tax
rate on gasoline (ADOR).
**estimated by EBRC.
***estimated by EBRC using gallons sold (ADOT) and tax rate (ADOR).

azeconomy.org | 7

ARIZONA ECONOMIC INDICATORS
2012

Arizona - Demographics and Vital Statistics

2013

2014

2015

2016

Demographics and Vital Statistics (July 1st Estimates, 000s), ADHS, ADOA & EBRC
Population*
  % Chg from Year Ago
Resident Births

6,498.6

6,581.1

6,667.2

6,758.3

6,835.5

0.9%

1.3%

1.3%

1.4%

1.1%

85.7

85.0

86.6

85.0

84.4

Birth Rate**

13.2

12.9

13.0

12.6

12.4

Residents Deaths

48.5

49.9

51.1

54.2

56.5

34.2

49.3

53.0

53.3

62.3

Net Migration**

*This population figure is from the Arizona Dept. of Administration, rather than the official Census population count. EBRC feels this figure
is more accurate.
**Birth rate and net migration are both calculated by EBRC using data from the Arizona Dept. of Health Services.

2012

2013

2014

2015

2016

36,349.6

36,799.8

38,351.2

39,989.4

40,980.1

3.6%

1.2%

4.2%

4.3%

2.5%

48,170

49,070

49,922

50,910

51,908

2.9%

1.9%

1.7%

2.0%

2.0%

236,220.3

242,181.5

255,696.4

270,258.3

280,120.0

4.6%

2.5%

5.6%

5.7%

3.6%

158,853.5

165,510.0

172,298.8

180,785.0

189,044.3

16,540.0

19,323.9

20,020.5

21,085.0

22,028.4

1,334.4

1,288.8

1,386.2

1,493.3

1,530.0

Arizona - Personal Income and Earnings
Per Capita Personal Income ($), EBRC*
  % Chg from Year Ago
Average Earnings per Job ($), BEA**
  % Chg from Year Ago
Personal Income Derivation ($ millions), BEA***
Total Personal Income
  % Chg from Year Ago
Earnings by place of work
Less: Contributions for government social
insurance
Plus: Adjustment for residence
Equals: Net earnings by place of residence

143,647.9

147,475.0

153,664.4

161,193.3

168,545.9

Plus: Dividends, interest, and rent

44,501.6

44,902.3

48,622.5

52,672.3

53,502.1

Plus: Personal current transfer receipts

48,070.8

49,804.2

53,409.4

56,392.7

58,072.0

119,041.4

122,681.9

127,825.7

134,092.1

139,320.7

4.7%

3.1%

4.2%

4.9%

3.9%

Components of Earnings ($ millions), BEA***
Total Wages and salaries
  % Chg from Year Ago
Supplements to wages and salaries

26,873.8

27,727.5

28,717.9

29,474.1

30,947.8

Proprietors' income

12,938.2

15,100.6

15,755.3

17,218.8

18,775.8

Farm
Nonfarm

318.6

738.5

380.8

727.4

909.2

12,619.6

14,362.1

15,374.5

16,491.3

17,866.6

*EBRC calulates per capita personal income using total personal income from BEA divided by population estimates from ADOA. ADOA
counts differ from official Census counts, but EBRC considers them more accurate.
**Average earnings per job is total earnings divided by total full-time and part-time employment. Earnings is the sum of three components of personal income--wages and salaries, supplements to wages and salaries, and proprietors’ income. ***for detailed definitions,
see BEA table SA4 “Personal Income and Employment by Major Component”

Inflation and Prices - United States

Jul 2017

Aug 2017

Sep 2017

Oct 2017

Nov 2017

244.05

245.03

246.37

246.64

247.59

1.7%

1.9%

2.2%

2.1%

2.2%

254.71

255.28

256.50

257.22

257.13

2.6%

2.7%

2.9%

2.9%

3.1%

193.50
3.1%

193.70
3.8%

194.50
4.1%

194.80
4.3%

195.80
5.1%

U.S. Consumer Price Indices (seasonally adjusted), BLS
All Urban Consumers: All Items
  % Chg from Year Ago
Western States - All Urban Consumers: All items
  % Chg from Year Ago
U.S. Producer Price Index for All Commodities
(seas. adj.), BLS
  % Chg from Year Ago

8 | Economic and Business Research Center, Eller College of Management, The University of Arizona

January, 2018 Winter Issue

ARIZONA ECONOMIC INDICATORS
Arizona - Travel and Tourism

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

Employment (000s, 12-month moving averages*), BLS
Leisure and Hospitality

318.2

319.6

320.7

321.7

322.4

  % Chg from Year Ago

4.8%

5.0%

5.0%

5.0%

4.9%

Accommodation
  % Chg from Year Ago

46.2

46.2

46.2

46.2

46.2

1.8%

1.9%

1.7%

1.6%

1.3%

254,564.8

255,721.1

257,042.1

7.6%

7.8%

7.9%

Sales ($000s, accrual, 12-month moving average*), ADOR
Hotel/Motel
  % Chg from Year Ago

Phoenix Sky Harbor International Airport (12-month moving averages*)
Total Passengers
  % Chg from Year Ago

3,627,744

3,630,238

3,643,799

3,642,199

3,649,431

-1.4%

-0.9%

0.2%

0.3%

0.9%

281,359

282,224

283,810

284,454

284,920

5.4%

5.5%

6.0%

5.7%

5.4%

Tucson International Airport (12-month moving averages*)
Total Passengers
  % Chg from Year Ago

*These data series are all quite volatile, thus the 12-month moving average yields more accurate information on trend.

Arizona - Travel and Tourism, cont.

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

International Border Crossings (Northbound) - Nogales District, Bureau of Transportation Statistics
Pedestrians
  % Chg from Year Ago
Personal Vehicle Passengers
  % Chg from Year Ago
Personal Vehicles
  % Chg from Year Ago
Buses
  % Chg from Year Ago
Trains
  % Chg from Year Ago
Trucks
  % Chg from Year Ago
Trains
  % Chg from Year Ago

488,049

528,313

536,579

510,742

572,219

-5.0%

-2.5%

-6.1%

-10.1%

4.0%

1,493,376

1,614,543

1,518,858

1,480,782

1,581,533

7.9%

7.6%

8.8%

13.2%

11.0%

780,705

784,956

793,777

783,530

835,218

6.1%

6.9%

8.2%

10.8%

9.2%

1,089

1,229

1,207

1,045

1,071

-1.0%

0.5%

7.6%

3.6%

-1.9%

59

54

56

50

51

-4.8%

-11.5%

-9.7%

-15.3%

2.0%

32,069

20,910

21,965

21,207

29,819

1.6%

4.5%

-0.3%

-3.8%

4.3%

62

59

50

57

63

-7.5%

-3.3%

-23.1%

-1.7%

6.8%

*Figures are totals of all Arizona border ports of entry (Nogales District): Douglas, Lukeville, Naco, Nogales, San Luis. Crossings are from
Mexico into the United States. The latest data is through Dec.

Arizona - Travel and Tourism, cont.

2012

2013

2014

2015

2016

19,221.3

20,703.7

22,427.9

23,438.1

Visits (000s) Arizona State and National Parks, NPS & ASPB
Total Arizona
  % Chg from Year Ago
Northern Arizona
  % Chg from Year Ago

19,030.6
-1.6%

1.0%

7.7%

8.3%

4.5%

16,552.4

16,626.2

18,027.4

19,531.4

20,419.6

-1.8%

0.4%

8.4%

8.3%

4.5%
1,158.9

Historical

1,147.4

1,070.3

1,114.5

1,177.8

Scenic

6,369.7

6,521.0

6,933.8

7,670.8

7,838.9

Water-based

9,035.3

9,034.9

9,979.1

10,682.8

11,421.8

Southern Arizona

2,478.2

2,595.1

2,676.3

2,896.5

3,018.5

-0.2%

4.7%

3.1%

8.2%

4.2%

  % Chg from Year Ago
Historical
Scenic
Water-based

382.2

359.4

384.8

425.4

434.1

1,729.7

1,869.3

1,903.1

2,059.9

2,160.9

366.3

366.4

388.4

411.2

423.4

azeconomy.org | 9

ARIZONA ECONOMIC INDICATORS - MSAs
Phoenix-Mesa-Glendale MSA - Monthly Data

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

2,301.4

2,298.4

2,294.1

2,317.2

2,303.4

4.5

4.6

4.3

4.0

3.7

Persons (000s), Local Area Unemployment Statistics, BLS
Civilian Labor Force (000s), BLS
Unemployment Rate

Employees on Nonagricultural Payrolls (000s), Current Employment Statistics, BLS*
Total Nonfarm Employment
Mining and Logging

1,982.7

1,967.7

1,999.7

2,025.8

2,043.1

3.2

3.2

3.2

3.2

3.2

Construction

109.0

110.5

109.8

111.2

111.2

Manufacturing

123.3

123.2

124.3

123.7

124.2

Trade, Transportation, & Utilities

387.0

387.2

386.6

388.1

392.8

Information

35.3

34.3

33.7

33.6

33.9

Financial Activities

181.2

180.5

181.2

181.8

182.4

Professional & Business Services

340.9

339.9

343.1

346.7

352.5

Education and Health Services

297.2

295.5

300.5

305.7

307.4

Leisure and Hospitality

226.3

223.0

223.3

223.7

226.9

61.3

61.6

61.2

61.6

61.0

Other Services
Government
Average Hourly Earnings, Private, $, BLS

218.0

208.8

232.8

246.5

247.6

26.07

26.93

27.14

27.06

26.53

Sales ($ accrual), ADOR
Aggregate Retail Sales, EBRC

5,819,307,942

5,321,575,821

5,618,788,986

5,760,210,517

3,974,512,844

3,529,159,162

3,782,761,256

3,831,203,523

740

743

746

748

Restaurants and Bars

762,286,119

713,082,810

735,755,258

813,228,603

Gasoline, EBRC

342,227,938

336,410,937

354,704,641

367,562,595

Retail Sales
Food

Amusements

121,436,909

73,105,210

78,136,448

71,116,243

Hotel/Motel

102,915,151

88,095,991

91,206,353

114,281,641

2,342

1,947

2,866

2,707

2,932

1,598

1,660

1,815

1,727

1,767

New Housing Units Authorized, Census C-40
Total Units
Single Family Units
Housing Sales and Prices, ARMLS
Units Sold
Average Price ($)

9,571

8,010

8,246

7,485

7,408

304,870

296,283

299,787

293,994

296,723

*Go to www.azeconomy.org for a more detailed breakout of employment categories.

Phoenix-Mesa-Glendale MSA - Annual Data
Population, ADOA*
  % Chg from Year Ago
Total Personal Income ($000), BEA
  % Chg from Year Ago
Per Capita Personal Income ($), EBRC**
  % Chg from Year Ago

2012

2013

2014

2015

2016

4,273,897

4,338,672

4,404,888

4,482,906

4,550,388

1.1%

1.5%

1.5%

1.8%

1.5%

163,407,229

167,760,664

178,114,443

189,306,602

196,801,479

5.7%

2.7%

6.2%

6.3%

4.0%

38,234

38,666

40,436

42,229

43,249

4.6%

1.1%

4.6%

4.4%

2.4%

10 | Economic and Business Research Center, Eller College of Management, The University of Arizona

January, 2018 Winter Issue

ARIZONA ECONOMIC INDICATORS - MSAs
Tucson MSA (Pima Co.)- Monthly Data

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

473,360.0

472,763.0

469,433.0

477,698.0

473,007.0

4.9

4.9

4.6

4.2

4.0

Persons (000s), Local Area Unemployment Statistics, BLS
Civilian Labor Force (000s), BLS
Unemployment Rate

Employees on Nonagricultural Payrolls (000s), Current Employment Statistics, BLS*
Total Nonfarm Employment
Mining and Logging

364.7

362.3

366.2

374.3

376.4

1.6

1.6

1.6

1.6

1.6

Construction

14.9

14.7

14.8

14.8

14.8

Manufacturing

23.7

23.4

23.6

23.5

23.4

Trade, Transportation, and Utilities

58.9

58.7

59.1

59.2

59.0

Information

4.9

4.8

4.8

4.8

4.9

Financial Activities

18.0

17.9

17.9

17.8

17.9

Professional and Business Services

48.7

48.7

49.5

48.9

49.5

Education and Health Services

65.5

65.6

65.5

65.1

65.1

Leisure and Hospitality

45.2

43.8

43.9

44.6

45.2

Other Services

15.4

15.4

15.2

15.2

15.3

Government

67.9

67.7

70.3

78.8

79.7

Sales ($ accrual), ADOR
Aggregate Retail , EBRC

1,116,831,738 1,061,930,697

1,110,192,301 1,098,077,541

Retail

736,909,889

688,665,105

730,982,962

702,278,895

Food, EBRC

161,192,428

161,568,133

161,937,918

162,301,784

Restaurants & Bars

144,238,659

139,268,311

141,594,131

155,122,740

74,490,762

72,429,148

75,677,289

78,374,122

8,916,132

7,884,580

7,057,315

6,966,622

24,352,020

20,584,592

21,572,780

23,733,437

277

227

288

244

247

272

222

243

226

242

1,675

1,406

1,346

1,212

1,212

238,246

226,827

238,764

247,649

238,359

Gasoline, EBRC
Amusements
Hotel/Motel
New Housing Units Authorized, Census C-40
Total Units
Single Family
Housing Sales and Prices, TAR
Units Sold
Average Price ($)

*Go to www.azeconomy.org for a more detailed breakout of employment categories.

Tucson MSA (Pima Co.) - Annual Data
Population, ADOA*
  % Chg from Year Ago
Total Personal income
  % Chg from Year Ago
Per Capita Personal Income ($), EBRC**
  % Chg from Year Ago

2012

2013

2014

2015

2016

990,380

996,046

1,007,162

1,009,371

1,013,103

0.4%

0.6%

1.1%

0.2%

0.4%

35,985,709

36,453,218

37,899,146

39,240,415

40,182,115

3.6%

1.3%

4.0%

3.5%

2.4%

36,335

36,598

37,630

38,876

39,662

3.1%

0.7%

2.8%

3.3%

2.0%

azeconomy.org | 11

ARIZONA ECONOMIC INDICATORS - MSAs
Flagstaff MSA (Coconino County) - Monthly Data
Civilian Labor Force (000s), BLS

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

76.1

76.5

75.7

77.3

76.0

Unemployment Rate

5.8

5.8

5.1

4.4

4.3

66.3

66.3

67.0

68.9

68.5

Private

48.4

48.5

48.5

48.3

48.3

Government

14.9

14.9

15.5

17.6

17.5

17.91

17.55

17.48

17.41

17.49

128,881,583 115,959,339 123,667,888

119,035,132

Total Nonfarm Employment (000s), BLS

Average Hourly Earnings, Total Private, $, BLS
Retail Sales ($, accrual), ADOR*
Total New Residential Permits (units), Census C-40

55

40

31

27

18

2012

2013

2014

2015

2016

134,313

135,695

139,372

141,602

142,560

0.1%

1.0%

2.7%

1.6%

0.7%

4,939,175

5,130,228

5,454,677

5,767,286

5,926,226

0.4%

3.9%

6.3%

5.7%

2.8%

36,773.6

37,807.1

39,102.8

40,292.3

0.3%

2.8%

3.4%

3.0%

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Flagstaff MSA (Coconino County) - Annual Data
Population, ADOA*
  % Chg from Year Ago
Total Personal Income ($000), BEA
  % Chg from Year Ago
Per Capita Personal Income ($), EBRC**
  % Chg from Year Ago

*Population counts as of July 1st. ADOA population estimates differ from official Census Bureau estimates. EBRC considers ADOA counts
to be the most accurate.
**BEA total personal income divided by ADOA population estimates.

Lake Havasu City - Kingman MSA (Mohave
County) - Monthly Data
Civilian Labor Force (000s), BLS

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

82.6

83.1

82.7

82.6

81.5

6.1

6.1

5.8

5.4

5.1

48.3

48.3

49.2

49.3

49.3

41.1

41.2

41.5

41.7

41.7

Unemployment Rate
Total Nonfarm Employment (000s), BLS
Private
Government
Average Hourly Earnings, Total Private, $, BLS
Retail Sales ($, accrual), ADOR*

7.2

7.1

7.7

7.6

7.6

21.51

22.56

22.83

22.93

22.99

145,057,153 136,211,834 132,521,773

135,436,679

Total New Residential Permits (units), Census C-40

64

69

82

63

95

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Lake Havasu City-Kingman MSA (Mohave County)
- Annual Data
Population, July 1st estimate, ADOA
  % Chg from Year Ago
Total Personal Income ($000), BEA
  % Chg from Year Ago
Per Capita Personal Income, EBRC
  % Chg from Year Ago

2012

2013

2014

2015

2016

77,683

77,900

77,922

78,269

78,135

2.4%

0.3%

0.0%

0.5%

-0.2%

5,291,048

5,422,848

5,749,369

5,993,314

6,166,757

2.3%

2.5%

6.0%

4.2%

2.9%

26,055

26,636

28,155

29,364

1.0%

2.2%

5.7%

4.3%

*EBRC considers the ADOA population estimates more accurate than official Census population estimates.
**BEA “total personal income” divided by ADOA population estimate.

12 | Economic and Business Research Center, Eller College of Management, The University of Arizona

January, 2018 Winter Issue

ARIZONA ECONOMIC INDICATORS - MSAs
Prescott MSA (Yavapai County) - Monthly Data
Civilian Labor Force (000s), BLS

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

101.8

101.6

101.3

101.7

NA

Unemployment Rate
Total Nonfarm Employment (000s), BLS

4.5

4.4

4.2

4.2

NA

62.7

61.9

62.7

63.1

63.2

Private

52.2

51.6

51.9

51.8

52.0

Government

10.5

10.3

10.8

11.3

11.2

19.95

20.23

20.24

19.90

Average Hourly Earnings, Total Private ($), BLS
Retail Sales ($, accrual), ADOR*

19.71
162,947,046

Total New Residential Permits (units), Census C-40

155,219,710 158,233,649 161,849,364

118

84

110

111

339

2012

2013

2014

2015

2016

211,583

213,294

215,357

217,778

220,189

0.2%

0.8%

1.0%

1.1%

1.1%

6,623,513

6,936,360

7,482,253

7,888,490

8,199,948

3.7%

4.7%

7.9%

5.4%

4.0%

31,305

32,520

34,786

36,275

3.5%

3.9%

7.0%

4.3%

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Prescott MSA (Yavapai County) - Annual Data
Population, ADOA*
  % Chg from Year Ago
Total Personal Income ($000), BEA
  % Chg from Year Ago
Per Capita Personal Income ($), EBRC**
  % Chg from Year Ago

*Population counts as of July 1st. ADOA population estimates differ from official Census Bureau estimates. EBRC considers ADOA counts
to be the most accurate.
**BEA total personal income divided by ADOA population estimates.

Sierra Vista - Douglas MSA (Cochise County) Monthly Data

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

51.0

49.8

50.8

51.6

51.6

5.7

5.9

5.5

5.2

4.8

33.9

32.9

34.3

34.8

35.2

23.2

22.9

23.0

23.2

23.4

Civilian Labor Force (000s), BLS
Unemployment Rate
Total Nonfarm Employment (000s), BLS
Private
Government
Average Hourly Earnings, Total Private ($), BLS
Retail Sales ($, accrual), ADOR*

10.7

10.0

11.3

11.6

11.8

18.42

19.32

18.81

18.68

18.51

75,751,411

67,886,521

65,721,344

67,488,303

64

69

82

63

Total New Residential Permits (units), Census C-40

95

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Sierra Vista - Douglas MSA (Cochise County) Annual Data
Population, ADOA*

2012

2013

2014

2015

2016

50,908

51,269

51,104

50,914

50,705

0.0%

0.7%

-0.3%

-0.4%

-0.4%

4,648,859

4,591,143

4,668,098

4,816,314

4,900,244

-2.2%

-1.2%

1.7%

3.2%

1.7%

35,555

35,072

36,088

37,340

-2.3%

-1.4%

2.9%

3.5%

  % Chg from Year Ago
Total Personal Income ($000)
  % Chg from Year Ago
Per Capita Personal Income ($)**
  % Chg from Year Ago

*Population counts as of July 1st. ADOA population estimates differ from official Census Bureau estimates. EBRC considers ADOA counts
to be the most accurate.
**BEA total personal income divided by ADOA population estimates.

azeconomy.org | 13

ARIZONA ECONOMIC INDICATORS - MSAs
Yuma MSA (Yuma County) - Monthly Data

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

99.4

102.2

101.5

99.4

99.9

Civilian Labor Force (000s), BLS
Unemployment Rate
Total Nonfarm Employment (000s), BLS

20.5

24.0

23.7

20.0

18.0

54.1

52.9

53.8

54.2

55.0

Private

40.2

39.9

39.6

39.8

40.5

Government

13.9

13.0

14.2

14.4

14.5

18.93

19.07

19.44

19.46

19.40

Average Hourly Earnings, Total Private ($), BLS
Retail Sales ($, accrual), ADOR*

114,036,764 103,702,513 111,164,756 120,353,380

Total New Residential Permits (units), Census C-40

152

70

150

73

109

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Yuma MSA (Yuma County) - Annual Data
Population, ADOA*
  % Chg from Year Ago
Total Personal Income ($000)

2012

2013

2014

2015

2016

61,500

63,007

63,718

64,180

64,018

1.6%

2.5%

1.1%

0.7%

-0.3%

5,593,053

5,926,507

5,894,873

6,468,781

6,860,818
6.1%

  % Chg from Year Ago

-0.9%

6.0%

-0.5%

9.7%

Per Capita Personal Income ($)**

27,260

28,313

28,085

30,000

  % Chg from Year Ago

-3.2%

3.9%

-0.8%

6.8%

*Population counts as of July 1st. ADOA population estimates differ from official Census Bureau estimates. EBRC considers ADOA counts to
be the most accurate.
**BEA total personal income divided by ADOA population estimates.

TABLES: SOURCES AND ABBREVIATIONS
ADHS: Arizona Department of Health Services
ADOA: Arizona Department of Administration, Office of
Employment and Population Statistics

Co.: County

ADOR: Arizona Department of Revenue
ADOT: Arizona Department of Transportation

MSA: Metropolitan Statistical Area must have at least one
core urbanized area of 50,000 or more inhabitants.

ARMLS: Arizona Regional Multiple Listing Service

PSHIA: Phoenix Sky Harbor International Airport

ASPB: Arizona State Parks Board

SAAR: Seasonally adjusted at annual rates

BEA: Bureau of Economic Analysis, U.S. Department of
Commerce

TAR: Tucson Association of Realtors

BLS: Bureau of Labor Statistics, U.S. Department of
Labor

USCBP: U.S. Customs and Border Protection, U.S. Department of Homeland Security

Census C-40: U.S. Census Bureau, U.S. Department of
Commerce
Micropolitan SA: Micropolitan Statistical Area must have
at least one urban cluster of at least 10,000, but less
than 50,000 inhabitants.

EBR: The Economic and Business Research Center, The
University of Arizona.

U.S. Bankruptcy Court: District of Arizona

BTS: Bureau of Transportation Statistics, U.S. Department of Transportation
NPS: National Parks Service

14 | Economic and Business Research Center, Eller College of Management, The University of Arizona

January, 2018 Winter Issue

ARIZONA ECONOMIC INDICATORS - COUNTIES
Apache County Summary - Monthly

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

Civilian Labor Force (000s), BLS

20.0

19.8

20.0

19.9

19.5

Unemployment Rate

11.4

12.0

10.3

9.3

9.4

Total Nonfarm Employment (000s), ADOA

17.2

16.7

17.6

17.6

17.3

7.5

7.1

7.2

7.3

7.3
10.0

Private
Government
Retail Sales ($, accrual), ADOR*

9.7

9.6

10.4

10.3

7,975,462

11,221,423

10,340,810

11,265,774

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Gila County (Payson Micropolitan SA)
Summary - Monthly
Civilian Labor Force (000s), BLS
Unemployment Rate
Total Nonfarm Employment (000s), ADOA
Private
Government
Retail Sales ($, accrual), ADOR*
New Residential Permits (units), Census C-40

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

21.4

21.3

21.3

21.0

20.8

6.1

6.3

5.8

5.6

5.2

14.7

14.6

14.9

14.6

14.6

9.6

9.6

9.6

9.5

9.5
5.1

5.2

5.0

5.4

5.1

28,581,909

27,672,761

27,389,253

27,673,883

12

11

12

8

4

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

14.2

14.1

14.1

14.6

14.6

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Graham County Summary - Monthly
Civilian Labor Force (000s), BLS
Unemployment Rate

6.2

6.3

5.5

5.1

5.0

Total Nonfarm Employment (000s), ADOA

8.4

8.2

8.4

8.8

8.8

Private

5.5

5.4

5.5

5.4

5.4

Government

2.9

2.8

3.0

3.4

3.4

20,077,323

21,013,643

20,027,249

18,882,697

Retail Sales ($, accrual), ADOR*

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Greenlee County Summary - Monthly
Civilian Labor Force (000s), BLS

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

3.8

3.8

3.8

3.8

3.8

Unemployment Rate

6.0

6.1

5.4

4.7

4.7

Total Nonfarm Employment (000s), ADOA

4.2

4.2

4.2

4.2

4.3

Private

3.7

3.7

3.7

3.7

3.7

Government

0.4

0.4

0.5

0.5

0.6

9,039,053

9,344,944

10,382,981

8,464,388

Retail Sales ($, accrual), ADOR*

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

azeconomy.org | 15

ARIZONA ECONOMIC INDICATORS - COUNTIES
Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

Civilian Labor Force (000s), BLS

8.6

8.4

8.3

8.6

8.9

Unemployment Rate

5.8

5.9

6.0

5.4

4.7

Total Nonfarm Employment (000s), ADOA

5.2

5.1

5.1

5.1

5.2

La Paz County Summary - Monthly

Private

3.1

3.1

3.1

3.0

3.1

Government

2.0

2.0

2.0

2.0

2.0

11,183,230

10,635,860

8,804,124

5,827,423

Retail Sales ($, accrual), ADOR*

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Navajo County (Show Low Micropolitan SA)
Summary - Monthly
Civilian Labor Force (000s), BLS
Unemployment Rate

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

43.3

42.7

43.0

43.2

42.8

7.6

7.9

6.9

6.4

6.2

Total Nonfarm Employment (000s), ADOA

28.7

28.0

29.1

29.3

29.2

Private

19.9

19.5

19.8

19.6

19.5

8.8

8.5

9.3

9.7

9.7

78,246,727

89,157,291

83,979,421

85,506,271

39

16

28

18

20

Government
Retail Sales ($, accrual), ADOR*
New Residential Permits (units), Census C-40

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

Santa Cruz County Summary - Monthly
Civilian Labor Force (000s), BLS
Unemployment Rate
Total Nonfarm Employment (000s), ADOA
Private
Government
Retail Sales ($, accrual), ADOR*
New Residential Permits (units), Census C-40

Jun 2017

Jul 2017

Aug 2017

Sep 2017

Oct 2017

19.3

19.0

18.9

18.9

18.9

9.4

12.4

12.6

12.1

11.0

12.6

11.9

12.0

12.0

12.3

9.2

8.5

8.4

8.4

8.6
3.6

3.5

3.4

3.6

3.6

29,986,805

23,842,838

24,594,149

24,015,743

3

7

15

8

*This retail sales figure does not include food, restaurant and bar, or gasoline sales.

16 | Economic and Business Research Center, Eller College of Management, The University of Arizona

5

January, 2018 Winter Issue

KEEPING CURRENT
Arizona’s Economy is published quarterly by the Economic and Business
Research Center in the Eller College of Management. For continuous updates of
Arizona’s economic indicators, check out our website’s Indicators page: www.
azeconomy.org/data/economic-indicators/
There you can browse indicators by geography or topic and graph each series
by clicking on the series title.

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George W. Hammond, Ph. D.
Director and Research Professor
(520) 626-1679
ghammond@eller.arizona.edu

Subscribe to Arizona’s Economy at:
https://www.azeconomy.org/subscribe/.
Published quarterly by the Economic and Business Research Center
(EBRC) at the Eller College of Management, Arizona’s Economy is
provided as an educational service by The University of Arizona.
Correspondence should be addressed to EBRC Publications, McClelland
Hall Room 103, PO Box 210108, Tucson, Arizona 85721-0108.
Arizona’s Economy is produced as part of The University of Arizona’s
public mission to improve the quality of life for the people of Arizona
and the nation. EBRC is dedicated to providing Arizona citizens and
decision makers with high quality economic forecasts, data, and
analysis.
Copyright © 2018 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.

Thank you to our community sponsors for their
ongoing support of Economic and Business
Research Center programs.

Arizona Department of
Transportation
Arizona Healthcare Cost
Containment System

City of Tempe
City of Tucson
Elliott D. Pollack and
Company

Arizona Joint Legislative
Budget Committee

JPMorgan Chase & Co.

Arizona Public Service
Company

Maricopa Association of
Governments

BBVA Compass

Maricopa County

CBRE

Pima Association of
Governments

Central Arizona Project
City of Mesa
City of Phoenix

Alberta Charney, Ph.D.
Senior Research Economist
(520) 621-2291
acharney@eller.arizona.edu
Alan Hoogasian
Research Economist
(520) 626-6439
ahoogasi@eller.arizona.edu
Daniel Kinnear
Specialist, Business Research
(520) 626-1673
dkinnear@eller.arizona.edu
Pia Montoya
Database Specialist
(520) 621-2523
pmontoya@eller.arizona.edu
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Research Economist &
Webmaster
(520) 621-4050
mln@eller.arizona.edu
Vera Pavlakovich-Kochi, Ph.D.
Senior Regional Scientist &
Associate Professor of
Geography
(520) 626-0520
vkp@eller.arizona.edu
Heather Peterson
Technical Consultant
(520) 621-4050
thpeterson@comcast.net
Jennifer Pullen
Research Economist
(520) 626-4795
jkanipe@email.arizona.edu
Valorie Rice
Senior Specialist, Business
Information
(520) 621-2109
vrice@eller.arizona.edu

Pima County
Salt River Project
Tucson Electric Power
Company

McClelland Hall 103
P.O. Box 210108

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