Arizona is generating solid economic growth entering the new year, outpacing the nation. Income gains have been strong, most likely reflecting the increase in the state’s minimum wage and tighter overall labor markets.
Economic experts forecast slow, sustained economic growth to continue in Arizona in 2018. Arizona’s unemployment rate is expected to continue to decline, with the majority of employment growth centralized in the Greater Phoenix region.
Forecasters expect to see continued employment growth centered on the Phoenix area and continued population growth at rates.
Arizona economic growth