Arizona unemployment rate dropped sharply in May, though economists advise caution on figures
The state still has about 163,000 fewer jobs than it did a year ago, but the turnaround is welcome nonetheless.
Why Martha McSally wants the government to pay for your next vacation
Professor of Economics Dennis Hoffman says the $4,000 tax credit proposed this week by Sen. Martha McSally, R-Ariz., won’t persuade those who feel unsafe to travel. But given the measure’s extended time frame through Jan. 1, 2022, he sees merit in the concept.
Arizona unemployment rate drops to 8.9%, still at twice pre-COVID levels
According to the latest numbers from the U.S. Bureau of Labor Statistics, the Valley posted one of the steepest unemployment drops in the country in May.
Negative interest rates: What they are, how they work, and whether they're coming to the US
A bank might not actually charge savers a negative rate, but it might levy a 'storage fee' that exceeds any positive interest earned, according to Professor of Economics Dennis Hoffman, who's the director of the Seidman Research Institute.
What unemployment claims tell us about coronavirus job losses
Millions of U.S. workers have filed unemployment applications each week since disruptions became widespread from the coronavirus pandemic. A survey by economics researchers provides more timely and accurate jobless information than the Labor Department's weekly report.
Researchers fill labor market data gap with real-time survey stats
A crisis and a need for clarity compelled Alexander Bick and Adam Blandin to collaborate on an ongoing national survey designed to bolster public knowledge about fast-changing employment trends during the COVID-19 pandemic.
Arizonans desperate for extended benefits as DES attempts to keep up with claims
More than 653,000 Valley workers filed for unemployment assistance since the pandemic shut down the state. The Department of Economic Security is struggling to keep up with the high volume of claims — and the demand for help is expected to keep coming.
ASU economics professor predicts a slow state recovery
Although the economy is expected to gradually improve beginning in July, the unemployment rate in the Valley will still be in at nearly 10% by December.
Real-time survey to provide timelier labor market data in era of COVID-19
Employment data needs to be accurate and up-to-date, but most traditional economic statistics, such as those for the labor market, fall short because they are reported with an extremely slow response.
Arizona economy still a long way from normal
Governor Doug Ducey's stay-at-home order officially expired on May 15. What will the Valley's new way of life look like? Arizona PBS asked Professor of Economics Dennis Hoffman.