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Arizona’s economy remains robust, it’s just ‘downshifted a bit’

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Arizona ranks Number 1 in the rate of growth in food-service jobs

By Russ Wiles, The Republic

Arizona’s economy has slowed over the past year but remains on a growth trajectory with no recession in sight, according to economists speaking at an event in Phoenix on Wednesday.

“Arizona has downshifted a bit,” said Lee McPheters, an economics professor at Arizona State University, referring to job growth. But he predicted the statewide job tally will pick up in 2018 as the national economy expands.

Among other predictions offered by speakers at the forum sponsored by JPMorgan Chase and ASU’s W.P. Carey School of Business:

Arizona will continue to rank among the 10 best states for job growth, though at a lower spot than prior years.

Related: However, studies show NAFTA repeal could threaten $5 billion in Arizona exports, 236,000 jobs in state


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  • Published: 9 months ago on December 1, 2017
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  • Last Modified: December 1, 2017 @ 4:56 am
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