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ECONOMY
Arizona Unemployment Rate Hits Post-Pandemic High, Per New Data
By Staff Reporter | Arizona’s unemployment rate has now hit a new high following the COVID-19 pandemic. The state’s unemployment rate neared 5% according to a new data analysis report from the Common Sense Institute of Arizona (CSI). Based on this newly...
U.S. House Unanimously Passes Bill To Strengthen SBA Support For Tribal Entrepreneurs
By Ethan Faverino | The U.S. House of Representatives has unanimously passed H.R. 7396, the Native American Entrepreneurial Opportunity Act, a bipartisan measure aimed at strengthening Small Business Administration (SBA) outreach and support for Tribal entrepreneurs...
Joint Economic Committee Warns Debt Stabilization Will Require Trillions In Fiscal Adjustments
By Matthew Holloway | U.S. Rep. David Schweikert (R-AZ01), chairman of the Joint Economic Committee (JEC), warned that the United States faces growing fiscal risk unless Congress acts sooner to stabilize the federal debt-to-GDP ratio. Schweikert sent the committee’s...
May Jobs Report: Small Business Hiring Slowed As Labor Cost Concerns Hit Record High
By Ethan Faverino | Small business job openings declined sharply in May while concerns over rising labor costs reached the highest level in the survey’s history, according to the National Federation of Independent Business (NFIB) May Jobs Report released Friday. The...
Republican Lawmakers, Gov. Hobbs Reach Budget Deal Including $1.45 Billion In Tax Relief
By Matthew Holloway | Arizona Republican House and Senate leaders announced a compromise budget agreement with Democratic Governor Katie Hobbs on Tuesday and introduced a series of budget bills for consideration in both chambers. According to a press release by the...
Treasury: $82 Billion In Tax Relief Delivered Under Trump Tax Package
By Matthew Holloway | The U.S. Department of the Treasury reported Tuesday that millions of Americans claimed tax relief under President Donald Trump's Working Families Tax Cuts during the most recent filing season. According to the analysis, low- and middle-income...
Hamadeh Introduces Bipartisan Legislation To Cut Fuel Costs For Service Members And Veterans
By Ethan Faverino | Congressman Abraham Hamadeh (R-AZ-08) has introduced the Military and Veterans Fuel Discount Act of 2026, a bipartisan measure designed to deliver direct financial relief to service members, veterans, and their families by providing discounts on...
Retail Sales Post Seventh Consecutive Monthly Gain In April
By Ethan Faverino | Retail sales increased for the seventh consecutive month in April, highlighting the resilience of American consumers despite rising gas prices and elevated inflation. According to the CNBC/NRF Retail Monitor, total retail sales excluding automobile...
Scottsdale Issues Notice Of Proposed Property Tax Levy Increase, Schedules June Hearing
By Matthew Holloway | The City of Scottsdale has issued a Truth in Taxation notice advising residents that city officials may consider an increase in the primary property tax levy for fiscal year 2026-27 as part of the municipal budget process. According to...
Americans Spending More, Saving Less As Inflation Continues To Outpace Fed Target
By Matthew Holloway | The Joint Economic Committee (JEC) released an update Thursday showing inflation remained above the Federal Reserve’s target in April while consumer spending increased and personal savings declined. According to the JEC’s Monthly Expenditures...
New Report Shows Grand Canyon Ranks As 9th Busiest National Park For Summer RV Visits
By Ethan Faverino | As Summer RV travel peaks across the United States, new research highlights stark differences in crowding at America’s national parks. Arizona’s iconic Grand Canyon National Park stands as a major draw for RV enthusiasts, ranking ninth busiest...
Less Than Half Of Arizona Households Could Afford Mortgage In 2025, Per Report
By Staff Reporter | A new analysis of housing data found that less than half of households in Arizona could afford their monthly mortgage in 2025. A new report from the Common Sense Institute (CSI) determined that only 42% of Arizona households could...
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