The State's Economic Growth Rate in 2005 Was???
Arizona economy's job creation exceeds expectations, from the Phoenix Business Journal, reports that Arizona's economy was stronger than first reported in 2005, according to the Arizona Department of Economic Security (DES). The state's economic growth rate in 2005 was 5.3 percent, representing the creation of 125,000 new jobs, the best showing in a decade. This is higher than the earlier projection of 4.1 percent, or 110,000 new jobs. "What we're seeing even further, not just job growth, but recent data shows broad-based growth of wages as well," said Don Wehbey, an economist with DES. Wehbey said strong growth is expected to continue into 2006 and 2007. Official projections for 2006 and 2007 job growth will be released by DES on April 6th.
http://phoenix.bizjournals.com/phoenix/stories/2006/02/27/daily52.html?t=printable
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