Phoenix’s Economy — One of the Best in the West

Good news for Phoenix came from a report from the Metropolitan Policy Program at Brookings.

 

Below are keys points from the study reported by the Phoenix Business Journal.

  • For the fourth quarter of 2011, Phoenix’s economy ranked as one of the best in the West as well as in the Top 20 of  all metro areas in the study, according to the report.
  • Phoenixwas one  of five cities in the West that closed out 2011 with four consecutive months of job growth, albeit the growth slowed toward the end of the year.
  • Manufacturing  also ticked up inPhoenix,  as the region landed in the Top 40 in terms of production, and was gathering steam toward the end of the year, according to the report.  Output, however, was weak, with growth of only 0.3 percent in Phoenixduring the last quarter of 2011.
  • The report also highlights that Western cities such as Phoenix, Denver and Las Vegas all saw declines in their      unemployment rates in 2011.

https://www.bizjournals.com/phoenix/blog/business/2012/03/phoenix-economy-among-fastest-growing.html?ana=e_du_pub&s=article_du&ed=2012-03-28

For the full report go to the following link:

https://www.brookings.edu/~/media/Files/Programs/Metro/metro_monitor/2012_03_metro_monitor/0328_metro_monitor.pdf

Twitter@FletchWilcox

Fletcher Wilcox

V.P. Business Development, Real Estate Analyst

Grand Canyon Title Agency, Inc.