The Buzz
Arizona's Economy and Water
Jun 7, 2024
Arizona's booming economy amidst the pandemic slowdown, with low unemployment and high wages. Discussing challenges like inflation and housing prices. Exploring Phoenix's labor market challenges, economic landscape, and the critical role of water in the state's progress. Delving into water management economics, scarcity impact, and the need for collaboration to address challenges.
27:52
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Quick takeaways
- Arizona's economy shows job growth but challenges in housing affordability due to rising prices and mortgage rates.
- Water scarcity in Arizona impacts economy, especially in agriculture, requiring balance for sustainable growth.
Deep dives
Strong Labor Market in Arizona
Arizona's labor market shows significant job growth, with unemployment rates near national lows. Although there are signs of weakening compensation growth and rising layoffs, the overall labor market remains robust, especially in Tucson and Phoenix.
