What a difference a year makes. As President Trump highlighted in his speech in Pennsylvania Tuesday, by any number of metrics, the economy is barreling full steam ahead. The sign he stood in front of said it all: “lower prices, bigger paychecks.” And the data backs him up. As he said Tuesday: “Pennsylvania is winning again.” Those words are no hollow rallying cry, they reflect real results.
Just weeks ago, the Bureau of Economic Analysis (BEA) revised its estimates for second-quarter 2025 economic growth, and the results were dramatic. Real gross domestic product surged at an annualized 3.8 percent rate, far stronger than the 3.0 percent estimate given just months earlier. It’s a stunning rebound after the last six months of the Biden era, when growth came in at 3.3 percent for the third quarter of 2024 and a truly anemic 1.9 percent for the fourth quarter.
That isn’t just chump change – that kind of growth doesn’t happen when consumers and businesses are on edge. It happens when Americans are confident, when households are spending, and when businesses are investing. As the BEA itself noted, this uptick came largely from rising consumer spending and a drop in imports (imports are subtracted from GDP).
What’s more, the “real final sales to private domestic purchasers” (which strips out the wild swings from trader and inventories and zeroes in on actual domestic demand) – one of the metrics economists use to compare one quarter to another – rose 2.9 percent in Q2. That’s a full percentage point stronger than previously believed.
This is no small rebound. After a rough start in 2025, with a slight contraction in Q1, the second quarter delivered a burst of energy, and proved that policies set in motion by the Trump administration are working.
You don’t have to stare at macroeconomic spreadsheets to sense the shift. Many Americans are now spending dollars, investing in their kids’ futures, stocking up the pantry, and buying gifts.
The 2025 Black Friday weekend delivered record-breaking numbers. According to Adobe Analytics, which tracks e-commerce, “U.S. consumers spent a record $11.8 billion online … marking a 9.1% jump from last year,” reported the Associated Press. And it wasn’t just Black Friday that set a record – consumers spent $6.4 billion online on Thanksgiving Day itself, another record.
That’s not just digital “click traffic;” that’s real money moving – money that represents families who feel secure enough to spend, businesses stockpiling inventory, and entrepreneurs launching new ventures. That kind of consumer vitality ripples outward.
As President Trump put it Tuesday in Pennsylvania: “We are bringing back real value to the American people.” That resonates – because people across income levels just proved with their wallets that they believe in this comeback.
Beyond holiday shopping and GDP headlines lies another signal of confidence and strength: retirement. Per the latest data from Fidelity Investments, the number of Americans with at least $1 million in their 401(k) accounts just hit a new record. About 654,000 Americans are now 401(k) millionaires – up sharply from 595,000 at the end of June, and up from 544,000 a year ago, representing a 20% surge from the Biden years.
This isn’t just financial fluff for the wealthy – this is a genuine barometer of middle-class Americans putting faith in the markets, stocks, and long-term saving. It means that working people who stashed cash through decades of effort are now seeing those savings efforts rewarded.
The rising number of 401(k) millionaires couldn’t have come at a better time. With traditional pensions disappearing, millions of Americans are forced to rely on defined-contribution retirement plans. The climb in 401(k) balances signals that people are adapting and succeeding.
Put together – the 3.8 percent GDP growth, the Thanksgiving/Black Friday spending splurge, the record-high 401(k) millionaires – and one conclusion becomes clear: the Trump economy is booming.
When families feel confident enough to save, invest, and spend, that’s when you know the recovery has legs. President Trump and his administration have laid the groundwork – lower regulation, pro-growth policies, and a renewed sense of optimism.
Tuesday in Pennsylvania, President Trump didn’t just talk about jobs and tariffs, he talked about restoring American dignity and opportunity. “We’re bringing back real value,” he said. And with the data now piling up, “real value” isn’t just a slogan. It’s a restoration of America’s economic foundation.
At this moment, for Americans across the board, the comeback isn’t merely a promise. It’s happening. And you can feel it, see it, and invest in it.
Arizona’s childcare system is in crisis, with the number of licensed providers plummeting nearly 50% since 2002, while costs have skyrocketed beyond the reach of many working families, according to a new report from the Common Sense Institute (CSI).
The state’s licensed childcare providers have fallen from 5,126 in 2002 to just 2,779 in 2024—a 46% decline that has driven up prices, lengthened waitlists, and left hundreds to thousands of Arizona children without access to formal care.
The report, Childcare in Arizona: An Economic Opportunity with Wide Implications, warns that without urgent policy action, the shortage will continue to push parents—predominantly mothers—out of the workforce and widen economic disparities across urban and rural communities.
Currently, Arizona ranks 6th in the country for infant care costs relative to median income. The state is behind California, Vermont, Washington, Washington, D.C., and Massachusetts.
Licensed facilities have dropped from 4,660 in 2010 to 2,687 in 2022 before a modest rebound to 2,779 in 2024, with closures accelerating to 9.2% annually between 2018 and 2022 due to COVID-era restrictions, labor shortages, and rising regulatory costs.
Arizona has only 256,267 licensed slots for 460,882 children under age 6. Rural counties like Santa Cruz barely have enough licensed capacity to support 1% of the infant population in the county.
“Even as demand remains high, the number of licensed providers has fallen sharply — limiting supply, driving up costs, and constraining labor force participation,” said Glenn Farley, Director of Policy and Research at CSI. “These pressures ripple through the broader economy, reducing productivity and household income. Based on our analysis, expanding access to affordable, quality care is not only good policy, but a necessary step for sustaining long-term economic growth in the state.”
The median daily cost of infant care now stands at $61.40, a 42.7% increase from $43.03 in 2018, requiring a minimum-wage worker to labor 72.8 hours per month just to afford one infant’s care.
Urban counties like Maricopa and Pima fare better than rural areas, yet shortages remain acute. In Maricopa County, infant slot coverage reaches 13%, and families need 37.6 hours at the average wage to afford care.
Childcare workers earn just $13.67 per hour—57 cents for every dollar the average Arizona worker makes, and per-capita employment in the sector has fallen from 1.5 to 0.8 workers per 1,000 residents since its peak.
CSI estimates that closing the childcare gap could bring 50,000 jobs into the workforce, boosting Arizona’s GDP by up to $17.5 billion and generating $188 million in new income tax revenue under a midpoint scenario.
“Costly, scarce childcare sidelines too many parents,” the report concludes. “Make it more available and affordable, and Arizona wins—more people working, higher incomes, and more state revenue.”
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
The NFIB Small Business Optimism Index declined 0.6 points in October to 98.2 points. Despite the small decline, it remains above its 52-year historical average of 98. In a positive sign, the Uncertainty index dropped 12 points to 88, marking the lowest level this year.
NFIB Chief Economist Bill Dunkelberg said, “Optimism among small businesses declined slightly in October as owners report lower sales and reduced profits. Additionally, many firms are still navigating a labor shortage and want to hire but are having difficulty doing so, with labor quality being the top issue for Main Street.”
Labor challenges persisted, with a seasonally adjusted 32% of owners reporting unfilled job openings, unchanged for the second straight month, and the lowest since December 2020.
Labor quality was cited by 27% of owners as their single most important problem, up 9 points from September and the highest since November 2021, when it reached 29%. It ranked 11 points above taxes, the second-largest concern. Of the 56% of owners hiring or trying to hire, 88% reported little to no qualified applicants.
Sales and profits declined, as a net negative 13% of owners reported higher nominal sales over the past three months, down 6 points. Positive profit trends fell 9 points to a net negative 25%—the largest contributor to the Index decline.
Among those with lower profits, 33% blamed weaker sales, 16% noted rising material costs, and 9% pointed to both labor costs and price changes.
Pricing pressures eased slightly, with the net percentage of owners raising average selling prices falling from 24% to 21%, though it is still above the historical monthly average of 13%.
30% of small businesses plan to raise prices in the next three months, just down 1 point. An unadjusted 31% reported higher prices, while just 12% reported lower prices.
Inventory gains dropped 3 points to a net negative of 6%. 10% reported stock increases while 15% reported reductions. Supply chain disruptions were cited as the biggest reason for inventory problems, with 60% of owners saying it affected them to some extent.
Capital investments saw 55% of owners reporting outlays in the past six months. Among them, 36% spent on new equipment, 22% on vehicles, and 14% on facility improvements or expansions. 23% plan outlays in the six months.
20% of small business owners expect better conditions, the lowest since April, but well above the historical average of 4%. Only 13% view it as a good time to expand. Business health assessments shifted, with 12% rating their business as excellent, 51% good, 33% fair, and 4% poor.
“A reduction in sales and profits has certainly taken a toll on small business owners’ optimism,” NFIB State Director Chad Heinrich said. “Despite these challenges and the ongoing labor shortage, our members are resilient, with many still trying to create good-paying jobs for Arizonans.”
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
As more Americans look beyond the traditional 9-to-5 for additional income, new research highlights the U.S. cities most actively exploring side-hustle opportunities — and one Arizona community, Tempe, has earned a spot among the nation’s top hotspots.
A study by Ninja Transfers, which examined monthly Google search activity for more than 80 side-hustle-related jobs across over 170 U.S. cities, found that Atlanta, Georgia, leads the nation in interest for earning extra income. Search terms included queries such as “how to make money with [job],” “does [job] pay well,” and “[job] gig,” spanning roles from online tutoring to podcasting, freelance writing, mystery shopping, and more.
The analysis comes as nationwide searches for “side jobs” hit a record 279,000 in July 2025—underscoring rising demand for supplemental income amid cost-of-living pressures. With an average of 1,914 monthly searches related to side hustles—equating to 384 searches per 100,000 residents—Atlanta ranked first in the country. Georgia’s capital also showed a strong preference for podcasting, online tutoring, and freelance tutoring as the most-researched side-gig categories.
Orlando, Florida, ranked second with 361 monthly searches per 100,000 people, and Florida placed strongly overall, with Fort Lauderdale (275) and Miami (269) also landing in the top 10. Salt Lake City, Utah, secured third place with 319 searches per 100,000 residents, making it the top Western U.S. city for side-hustle interest. Midwestern representation came from St. Louis, Missouri (284), in fourth place, and Minneapolis, Minnesota (270), in seventh.
Rounding out the top five was Birmingham, Alabama, with 283 searches per 100,000 residents.
Tempe ranked 21st in the nation for side-hustle search activity. According to the study, residents conduct about 380 monthly searches tied to side-gig opportunities—equivalent to 204.4 searches per 100,000 people.
With a study population of 185,950, Tempe’s ranking suggests strong local interest in supplemental income streams, particularly among gig-friendly demographics such as college students, young professionals, and remote workers.
Researchers say both economic realities and entrepreneurial ambition are driving this shift. “Many Americans nowadays are looking to explore further than the standard 9-to-5,” said Victor Ilisco, Director of Sales & Operations at Ninja Transfers. “A Bankrate study from back in 2023 found that 39% of Americans have a side hustle, and this number has likely grown since then. They are becoming increasingly accessible thanks to digital platforms and tools, and the barrier for starting one is a lot smaller than what it used to be.”
Southern and Rust Belt cities featured prominently throughout the rankings, signaling a growing appetite for supplemental income in both growth markets and historically industrial regions facing economic transitions.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
Americans are fed up with the endless partisan chaos pouring out of Washington, D.C. For too long, radical extremists have hijacked our government—stalling progress, undermining confidence, and jeopardizing the American Dream for future generations.
Instead of restoring faith in our republic and passing a clean continuing resolution, Democrats have decided the best idea to survive the second Trump administration is to shut down the federal government, hurting families nationwide and risking our nation’s stability and security. Unfortunately, thanks to the Democrats’ obstinance, this shutdown is quickly becoming one of the lengthiest in our country’s history.
The Democrats’ shutdown, brought about by their pursuit of extremist policies is reckless. According to the Republicans on the U.S. House Committee on Appropriations, the Democrats’ counter proposal included free health care for illegal aliens, electric vehicle access to HOV lanes, taxpayer-funded criminal defense, liberal news programs, DEI projects in foreign countries, and Biden administration grant policies and COVID-era subsidies. These policies rank among the most radical ideas from the left—part of a broader plan to disregard the will of the American people in the General Election of 2024 and continue their transformation of our nation away from the principles that have made the United States the strongest and most prosperous in world history.
Their actions have jeopardized paychecks and services across the country. Families, small businesses, and seniors are being squeezed by the 2025 federal government shutdown. According to the White House Council of Economic Advisors, states would see a decline of billions of dollars of their gross state product each month during the shutdown, thousands of workers would find themselves unemployed weeks away from the holiday season, and Social Security benefits by check would be delayed.
It’s important to note these are just a few of the catastrophic issues facing everyday Americans due to the Democrats’ shutdown shenanigans. The Democrats have compromised pay to our brave men and women who serve in our military and on the front lines of our border. Rather than doing their job, most U.S. Senate Democrats, including Arizona’s own Mark Kelly and Ruben Gallego, have voted twelve times (and counting) to obstruct efforts to reopen the government. This is shameful, but Democrats feel no shame in their blindly partisan rampage to hurt their own constituents. U.S. House Democrat Whip Katherine Clark put her party’s position best when she said, “I mean, shutdowns are terrible and, of course, there will be, you know, families that are going to suffer…. But it is one of the few leverage times we have.”
Worse yet, though, America’s enemies are watching for any opportunity to exploit our weaknesses. China, Russia, and other adversaries are studying this shutdown as they look for ways to take down the world’s greatest superpower. The leaders of these nations see the Democrats’ extremist desires and how those policies conflict with efficient operations to keep America running. They read the stories about the family members of our troops wondering how they might pay bills and put food on the table the longer the shutdown continues, hurting the morale of our military in a critical time for the world. Our enemies are not stupid or ignorant. They are recalculating and recalibrating thanks to the radical left.
Despite these clear and present dangers, Democrats are doubling down on their decision to shut down the government, creating spectacles to distract from harms their antics impose on everyday Americans. One of the top sideshows Democrats have exploited this month is the election of Adelita Grijalva to fill her father’s seat in Arizona’s Seventh Congressional District. Because the U.S. House of Representatives has not been in regular session since her victory, House Speaker Mike Johnson has not had the opportunity to swear her in to office. These facts, however, have not stopped Democrats from harassing Speaker Johnson and other Republicans over this continued vacancy (for legitimate reasons they are alone responsible for). Even Arizona Attorney General Kris Mayes got in on the “fun,” transmitting a letter to the Speaker to threaten legal action if Grijalva was not allowed to assume her position immediately. While Democrats know Grijalva will certainly be sworn in to office, her vacant seat has been used for political fodder.
Americans are not amused, nor are they fooled. A recent poll from YouGov/The Economist showed that more respondents than the week prior blamed Democrats for the shutdown, and that a majority trust Republicans for economic issues. Hardworking men and women around the nation are disgusted with the never-ending partisan games being played at their expense. They want results and the promise of a brighter future for their children and grandchildren—not one-sided political standoffs that jeopardize the happiness, safety, and security of countless families.
This shutdown is not about helping Americans; it’s about defending unpopular priorities like protecting welfare programs for illegal immigrants. It is time for Democrats—both in Congress and across the nation—to end the political games and put hardworking Americans first. Time is of the essence. Let’s open the government and get back to work!
Warren Petersen is the President of the Arizona State Senate and represents Legislative District 14.
