The Phoenix Business Journal provides a more sobering prediction:
ASU economist: Local job market won’t recover until 2014 or 2015
Phoenix Business Journal - by Mike Sunnucks
Thursday, November 19, 2009
Arizona’s beleaguered job market won’t recover until 2014 or 2015 and many of the state’s jobless have left for other markets, according to a leading state economist.
Arizona State University economist Dennis Hoffman said Thursday at a conference in Paradise Valley that, despite some reports, Arizona ranks with the likes of Michigan when it comes to unemployment, decreased personal income and spending.
Hoffman, a professor at ASU’s W.P. Carey School of Business, said he expects the state to lose population in 2009, and the state’s economy still hinges on population growth.
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