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- All Subjects: Economic development
- All Subjects: Census, 2010
- Creators: Arizona Indicators (Project)
For decades, Arizona was one of the national leaders in aggregate economic growth, as measured by the percent change in measures such as gross product and employment. However, its growth rate always has been highly cyclical. During expansionary periods, Arizona always has been among the top states on the rate of growth. During recessions, the Arizona economy generally slumped at a rate similar to the national average, but would experience a rapid recovery. This pattern continued through the economic expansion of the mid-2000s.
Arizona faces some big challenges if it is to compete regionally, nationally and globally for the cutting-edge jobs that will help determine our economic future. As hard as state and community leaders are working, the report suggests that Arizona needs even more participation in economic development leadership, more collaboration among economic development groups and a greater sense of urgency. This report identifies a number of important issues that are key to advancing economic development in Arizona.
The decennial census count for Arizona of 6,392,017 on April 1, 2010 is considerably less than the latest population estimates, which are for July 1, 2009. In this edition of Indicator Insight, author Tom Rex examines the possible reasons for the large census count discrepancy and its implications for Arizona.