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ECONOMY
Report: Arizona Labor Market Continues To Decline
By Staff Reporter | The labor market is on a continued decline in Arizona, per the latest federal data reporting for March. Arizona’s reported numbers marked one of the worst months of decline in the labor market nationwide, according to an analysis published this...
U.S. Adds 115,000 Jobs In April As Arizona Labor Market Softens
By Ethan Faverino | The Joint Economic Committee released its Monthly Employment Update for April 2026, showing the U.S. economy added 115,000 nonfarm payroll jobs, exceeding expectations. The gain was driven entirely by the private sector which added 123,000 jobs,...
Arizona State Land Endowment Surpasses $10 Billion For First Time
By Staff Reporter | Arizona’s Permanent Land Endowment Trust Fund (PLETF) market value surpassed $10 billion, the Arizona Treasurer’s Office announced. PLETF reflects the deposits and investments of proceeds from public land sales. The federal government gave...
U.S. Trade Deficit Widens To $60.3 Billion In March
By Ethan Faverino | The U.S. trade deficit widened in March, according to analysis released earlier this week by the Joint Economic Committee based on data from the Bureau of Economic Analysis, U.S Census Bureau, Treasury Department, and Bureau of Labor Statistics....
Arizona Senate GOP Sends Budget To Hobbs With $1.45B In Tax Relief
By Matthew Holloway | Arizona Senate Republicans announced on Monday that they passed a $17.9 billion budget for fiscal year 2027 that includes $1.45 billion in tax relief over four years and spends approximately $800 million less than Governor Katie Hobbs’ proposal....
Report Finds Arizona Housing Shortage Driven By Underbuilding, Not Airbnb
By Matthew Holloway | Arizona’s affordable housing shortage is primarily the result of years of underbuilding after the Great Recession, not the rise of short-term rental (STR) platforms like Airbnb, according to a new report from the Common Sense Institute. The...
Inflation Accelerates In March As Consumer Spending Rises
By Ethan Faverino | The Joint Economic Committee released its Monthly Expenditures Update for March 2026 alongside the advance estimate for first-quarter 2026 Gross Domestic Product (GDP), painting a picture of an economy experiencing above-target inflation alongside...
Arizona House Republicans Advance Budget With Tax Relief, $800M Less Spending Than Hobbs Plan
By Matthew Holloway | Arizona House Republicans announced passage of a state budget proposal this week, saying it delivers significant tax relief while reducing overall spending compared to Governor Katie Hobbs’ plan. In a press release, House GOP leaders said the...
Hobbs Signals Veto Of Another GOP Budget Proposal To Bring Arizona Into Full Federal Tax Conformity
By Staff Reporter | On Monday, House Republicans put forth what they called a balanced budget of $17.9 billion. By Tuesday, Gov. Katie Hobbs said the proposal was all but dead. The leaders of both chambers characterized their budget as uniquely reflective of total...
Report Finds Arizona Job Growth Lagging National Trends Amid Rising Unemployment
By Matthew Holloway | Arizona’s job growth has fallen behind national trends over the past year, with the state recording a net loss of jobs and rising unemployment, according to a new report from Republicans on the Joint Economic Committee. The February employment...
Hamadeh Urges VA To Improve Home Loan Access And Affordability For Veterans
By Ethan Faverino | Congressman Abraham Hamadeh (R-AZ-08) announced his letter to Secretary of Veterans Affairs Doug Collins to adopt common-sense reforms to the VA Home Loan Guarantee Program. The goal is to eliminate outdated bureaucratic hurdles, reduce unnecessary...
Hobbs’ Vetoes Leave Arizona Small Businesses Waiting On Tax Conformity
By Staff Reporter | With Arizona’s legislative session scheduled to close this week, small business owners are still left in a lurch over a lack of tax conformity. Twice this year Gov. Katie Hobbs has vetoed legislation that would have provided full...
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