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Lee & Associates - Arizona | Week in Review | Friday, July 8, 2016

07/08/2016





LOCAL NEWS

 

 

Job growth surges in June as employers add whopping 287,000 jobs Employers added 287,000 jobs in June as the labor market bounced back resoundingly from a spring slump and eased concerns about a longer-term slowdown in payroll growth. USA TODAY

 

 

GPEC record year strong job tally: 7,700 jobs; 40% pay $71K Nearly 40 percent of the 7,700 jobs Greater Phoenix Economic Council partnered to bring into the Valley last fiscal year pay an average of almost $71,000 a year. PHOENIX BUSINESS JOURNAL

 

 

AZ gets $54M grant to improve I-10 between Phoenix, Tucson The drive between Phoenix and Tucson will soon be getting a little safer.  The Arizona Department of Transportation has been awarded 54 million dollars for infrastructure improvements along Interstate 10. AZ FAMILY

 

 

 

ADOT Approves 5-Yr Construction Plan Meeting Friday in Holbrook, the State Transportation Board voted to adopt the agency’s 2017-2021 Five-Year Transportation Facilities Construction Program, which determines projects in Greater Arizona, the Maricopa County region and the Pima County region that will receive funding during the period.

AZ BUILDERS EXCHANGE

 

No incentives, no fanfare, but $1B company lands in Arizona There aren’t any incentives or subsidies. There weren’t any self congratulatory announcements from elected officials or economic developers. PHOENIX BUSINESS JOURNAL

 

 

 

NATIONAL NEWS

 

 

Cracks in commercial real estate rally, but no collapse Pimco sees a storm brewing in the $15 trillion U.S. commercial real-estate market that it thinks will cause values to fall up to 5 percent in the next year. HERALD TRIBUNE

 

 

Economy Watch: Consumers Unfazed by Trans-Atlantic Turmoil Are American consumers particularly worried about the impact of last month’s Brexit on the U.S. economy? It’s an important consideration, since consumer opinion—even on relatively remote events—affects consumer spending. The answer, fortunately, seems to be that they’re not so worried. MULTIHOUSING NEWS

 

 

Economy Watch: CRE Prices, Other Metrics Gain Ground U.S. commercial real estate prices had strong gains in May, but transaction volume still remain. COMMERCIAL PROPERTY EXECUTIVE

 

 

07/08/2016 - 05:00

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