2017 Economic Outlook: Optimism in the air for Tucson

Exterior of Tucson house In the suburbs
Exterior of Tucson house In the suburbs

Mortgage lenders cautious

By Chris Flora | Inside Tucson Business

Ahead of an annual economic outlook luncheon hosted by the University of Arizona Eller College of Management, experts say there are reasons to be optimistic about the direction of the local economy.

Event speaker George Hammond, director and researcher professor at Eller’s Economic and Business Research Center, and Pat Darcy, retail division head of Tucson Realty and Trust Co., project positive change will come – albeit slowly – as 2017 approaches.

Jobs

Data from the Bureau of Labor Statistics showed a 4.2 increase in Tucson’s job growth between July 2015 and July 2016. That spike was good enough to mark Tucson as third overall in job growth across the nation, and Hammond said there is more good news to come.

Continued:

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