RCG Blog Archive

How Arizona Performed in FY2016; What’s Next for FY2017

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State revenues and cash balances in Arizona are doing better than in recent years, but not as well as during past expansions. We are still seeing improvement though. Up until the 2008 recession Arizona outperformed the U.S. in good times and in bad.  2008 was an anomaly; and don’t look for this to repeat…

Info RCGHow Arizona Performed in FY2016; What’s Next for FY2017
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Will Signs of Stronger Economic Growth in Southern Arizona Continue?

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The Tucson region has struggled in recent years, not only with budget issues, but also with basic economic growth. Until recently, being dependent on defense industry spending has helped the region sustain higher wage jobs. Now, this has become a major risk to the broader region maintaining its economic base…

Info RCGWill Signs of Stronger Economic Growth in Southern Arizona Continue?
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Interpreting the Economic Data (a.k.a. What’s Missing in Economics):

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The U.S. jobs report for April was relatively weak.  Only 160,000 jobs were added, well below expectations of 200,000-250,000.  The “feel good” range for a trend is 200,000-300,000 new jobs each month.  However, no one month tells a full story and no one data point should be viewed in isolation…

Info RCGInterpreting the Economic Data (a.k.a. What’s Missing in Economics):
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A Good Idea That Could Be Great, Or…

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There has been a decent amount of chatter regarding the design of the Governor’s Office of Economic Opportunity. I have been asked a number of times if I thought it was a good idea for Arizona, or simply political show. Here is an abbreviated review and opinion of some major items being developed…

Jim RoundsA Good Idea That Could Be Great, Or…
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Popular Article Part Correct, Bigger Issue…

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The conclusions in this well-circulated economy article/video aren’t fully accurate, and a couple of points are more wrong than right. However, the bigger issue is that a number of things are indeed influencing the direction the economy will take over the next couple of years, and each has some degree of risk. Interpretation and behavior will need to vary depending on circumstance…

Jim RoundsPopular Article Part Correct, Bigger Issue…
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