economy Archives

One Year Later, Inflation Reduction Act Brings Clean Energy Investments and Job Growth

Here in Arizona, jobs and investments in electric vehicles (EVs) have soared—in the last seven months, EV investments in the state have nearly tripled, with $10.9 billion in investments and 11,500 associated direct new jobs.

National, AZ House Prices Decline

In June 2023, home prices in the United States decreased by 0.83 percent compared to last year to a median price of $425,177

AZ Gas Prices Fall, Despite Slight National Increase

Gas prices throughout the United States have continued to trend upward over the past several weeks, due to increasing oil prices.

Inflation Continues to Cool Nationwide

Inflation in the United States continued its downward trend, as consumer prices rose three percent this year through June, a significant decrease in the previously skyrocketing inflation trends, according to data released by the Bureau of Labor Statistics.

Arizona Gas Prices Decline, Despite National Increase

Here in Arizona the price of gas per gallon has fallen to $4.211.

Total Jobs Increase Nationwide

Despite the rise in unemployment rate, the nation’s total nonfarm payroll employment increased by 339,000 jobs.

Recreational Cannabis Sales Still Smoking the Medical Market in 2023

After nearly $1.5 billion in sales in 2022, Arizona’s cannabis market continues to be robust in the first months of 2023, driven by a growing recreational market.