Economic Signs Are Mixed...

Economic signs are mixed, from the Arizona Republic, reports that a greater than expected number of retail jobs were cut this summer in Arizona, and state economist are blaming high gas prices for the slowdown in the retail sector. Although the Valley's unemployment rate is still low at 3.8 percent and some seasonal job losses were anticipated, the drop in retail jobs over the past three months concerns Don Wehbey, a senior economist for the Arizona Dept. of Economic Security. "People don't have as much money as they normally would have because they're paying twice as much for their fuel. We know there's fewer dollars out there in the economy. If there are fewer dollars, we're going to see it... and it tends to show up in retail," he said.



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