Arizona’s economy is booming!

Arizona ranked No. 3 for fastest economic growth in US!

KTAR News 92.3 FM recently reported that Arizona’s economy continues to boom, according to U.S. Bureau of Economic Analysis data report released early March 2019.  Traditionally, economic growth was due to construction, real estate and retail sales, however this time, growth came from recession-resistant areas including financial and business services, healthcare and manufacturing.

Eric Jay Toll, communications manager for the Phoenix Community and Economic Development Department reports “We had a 4.3 percent growth in gross domestic product. The U.S. average was 3.4 percent.”  He also expects to see an increase in technology jobs and bioscience as more California based companies look to move to Arizona.

Our state has become diversified and many refer to Phoenix as “Wall Street West” because it has the third highest number of workers employed in  financial services.

source: KTAR News 92.3 FM