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Pollack: Stock market didn’t like something last week

Posted by   /  October 16, 2018  /  Economy  /  No Comments

Pollack

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE October 15th, 2018 The Monday Morning Quarterback A quick analysis of important economic data released over the last week The stock market didn’t like something last week. What exactly “it” was is really not specifically known. Many are pointing to a delayed reaction to the strength in […]

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221K people relocated to Metro Phoenix from 2012-2017

Posted by   /  October 16, 2018  /  Economy  /  No Comments

  AZBigMedia With the middle-class squeezed by the rising cost of living, particularly housing costs, many average-earners find it an onerous endeavor to create a decent life for themselves and their families. Living in a big metro like New York or Los Angeles may come with a high income and more opportunities, but the cost […]

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28 U.S. cities never recovered from the Great Recession

Posted by   /  October 15, 2018  /  Economy  /  No Comments

  By Michael B. Sauter, 24/7 Wall Street | The Republic From the end of 2007 through mid-2009, the United States went through one of the worst recessions in its history. During the recession and in the months that followed, the U.S. labor market shed millions of jobs, and the unemployment rate peaked at 10 […]

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U.S.-Canada trade deal gives Arizona dairy farmers hope, but worries about Mexico tariffs remain

Posted by   /  October 12, 2018  /  Economy, Government and Politics  /  No Comments

  By Jimmie Jackson | Cronkite News Two representatives of Arizona dairy farmers said a recent U.S. trade agreement benefits dairy producers exporting to Canada, but they worry retaliatory tariffs from Mexico will continue to hamper their industry. In a deal reached Sept. 30, Canada agreed to eliminate a controversial pricing system and open up […]

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Pima and Pinal counties work together to entice employers, workers

Posted by   /  October 11, 2018  /  Economy  /  No Comments

SanTanValley.com Nikola. Lucid. Severtson. Attesa. Green Gas Partners. Different companies. One location-Pinal County. In the past month, Pinal County has landed a very impressive list of firms. Some making their plans known ahead of time, others announcing after keeping their intentions quiet. Pinal County Economic Development Program Manager Tim Kanavel said these successes do not […]

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Pollack: Another great week economically

Posted by   /  October 10, 2018  /  Economy  /  No Comments

Pollack

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE October 9th, 2018 The Monday Morning Quarterback A quick analysis of important economic data released over the last week Apparently, the markets believe that the economy will continue on its present roll.  The yield on the 10-year U.S. Treasury increased to 3.23% on Friday.  That’s up from […]

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Wealth in America: Where are the richest and poorest states based on household income?

Posted by   /  October 9, 2018  /  Economy  /  No Comments

  By Grant Suneson, 24/7 Wall Street | USA TODAY From 2016 to 2017, the U.S. economy improved in several key metrics. The median household income increased by more than $1,500, unemployment dropped from 4.9 percent to 4.4 percent, and the poverty rate fell from 14.0 percent to 13.4 percent. While this is good news, the […]

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Amazon brings renewed attention to Port of Tucson facility

Posted by   /  October 8, 2018  /  Economy  /  No Comments

  By Gabriela Rico | Arizona Daily Star The announcement earlier this year that Amazon is building a distribution center at the Port of Tucson has brought renewed attention to the local facility on the city’s southeast side. Business has been steadily growing at the family-owned port since the recession, with vacancy rates dropping and […]

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Layoffs hit JPMorgan mortgage operations in metro Phoenix

Posted by   /  October 8, 2018  /  Economy  /  No Comments

By Russ Wiles | Arizona Republic JPMorgan Chase is laying off a combined 400 or so employees in the Phoenix area and three other cities, with an undisclosed impact in the Valley. The layoffs account for about 2 percent of the people in Chase’s mortgage-servicing group, the Wall Street Journal reported. Also affected are Chase operations in Cleveland, […]

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Is your Mattress Firm store closing after Chapter 11 bankruptcy filing?

Posted by   /  October 8, 2018  /  Economy  /  No Comments

  By Nathan Bomey | USA TODAY Mattress Firm plans to close up to 700 stores as part of its Chapter 11 bankruptcy, including more than 200 within days. The nation’s largest mattress retailer said in a court filing that it will not conduct typical liquidation sales, where customers might otherwise score a going-out-of-business deal. Instead, it will […]

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