Arizona economy 2 years away from full recovery - FOX 10 News |

Arizona economy 2 years away from full recovery

Posted: Updated:
TEMPE, Ariz. (AP) - Some experts say Arizona's economy is two years away from a full recovery from the recession.

Arizona State University hosted its annual Economic Outlook meeting Thursday.

Economists say Arizona was hit earlier and harder by the economic crisis than other states four years ago and it's taking longer to come back.

Research Professor Lee McPheters is director of the JPMorgan Chase Economic Outlook Center at the W. P. Carey School of Business at ASU.

He says while the country overall has already regained 99 percent of the jobs lost in the recession, Arizona has only regained 56 percent of its nearly 313,000 lost jobs.

McPheters says the state has seen a good comeback in some areas but construction, manufacturing, government and retail jobs still have a long way to go.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Didn't find what
you were looking for?

Powered by WorldNow

511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices