Better Economic Forecast for Arizona
Although about “half speed” in 2011, Arizona’s economic growth will be better than just about any other Western state, according to the Western Blue Chip Economic Forecast.
Arizona’s employment picture has been gaining strength in recent months. In September, the state had the second-largest number of new jobs in the West, with a gain of 11,700, compared with a year earlier. Texas came in first.
In 2011, both of those states are projected to see the greatest percentage gains in jobs.
Every state in the West is expected to get more single-family housing permits next year, with the largest increase in California, followed by Arizona.
Arizona, Texas and California are expected to have the fastest population growth.