Phoenix Stats

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Category: Output & Income (page 1 of 2)

Arizona Among the States Least Dependent on Trade With Canada

The United States Department of Commerce imposed on Monday a 20% import tax on softwood lumber from Canada. The measure is the latest indication of mounting economic tensions between the U.S. and its northern ally. In a press release, U.S. Secretary of Commerce Wilbur Ross said, “It has been a bad week for U.S.-Canada trade […]

9.4% of Arizona’s Electricity Produced From Renewables

Climate change is widely viewed as one of the long-term events most threatening to the Earth and human life. Research shows that since the Industrial Revolution in the 1700s, changes in the Earth’s climate are due in part to human activity — specifically, the burning of fossil fuels and the emission of greenhouse gas. Fossil […]

Arizona is Better Than Most States For Business

For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]

How the Middle Class is Being Left Behind in Arizona

By many measures, the U.S. economy is booming: unemployment is close to a decade-long low; the Federal Reserve recently raised interest rates for the second time in roughly a decade, signaling confidence in the economy; and the Dow Jones Industrial Average reached an all-time high earlier this year. Despite the nearly decade-long period of growth, […]

Roads in Arizona Are Better Than in Most States

In its most recent assessment, the American Society of Civil Engineers gave the United States a failing grade for its infrastructure. According to the group, $3.6 trillion would be needed to raise the standard of America’s roads to acceptable levels before 2020. To determine the states with the worst roads, 24/7 Wall St. reviewed statistics […]

Airplanes and Airplane Parts Are the Top Selling Products in Arizona

The United States exported a total of $2.26 trillion worth of goods and services in 2015, down slightly from a record high of $2.38 trillion in 2014. Exports accounted for an estimated 12.6% of total U.S. GDP and were a significant part of every state’s economy. Without exception, each state in the country exported more […]

Ambulatory Health Care Services is the Largest Industry in Arizona

Dozens of industries across all 50 states comprise the U.S. economy — the world’s largest economy accounts for more than a quarter of global GDP. Several states, including California and New York, generate more output than several countries, including Belgium, Poland, and Turkey. Texas’s largest industry alone produces more in economic output than the entire […]

Sean Miller is the Highest Paid Public Employee in Arizona

Nick Saban, head coach of the men’s football team at the University of Alabama, is paid more than $7 million annually. He is the highest paid employee of all U.S. workers employed by a local or state government. In the vast majority of states, college football and basketball coaches are the highest paid public employees. […]

Arizona is Poorer Than Most States

The U.S. Census Bureau released on Wednesday new data from its 2015 nationwide population survey. According to the annual survey, the national median household income rose to $55,775 in 2015. No state reported income declines. While 39 states reported significant increases in household income, income levels in 11 states remained the same. 24/7 Wall St. […]

Incomes Are Growing Faster in Phoenix Than in Most Cities

The American workforce earned 2.9% more income in 2014 than in the previous year. As the American economy continues to recover from the Great Recession, more people are able to find jobs. While total income has been rising nationwide, income did not rise uniformly across the country in 2014. In some U.S. metro areas, total […]

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