Sunday, April 06, 2008

Arizona ranks dead last in 2007 income growth

Arizona ranked #11 for income growth among the states in 2006, but dropped to dead last in 2007, primarily due to the fact that so many jobs in the state have been dependent upon real estate.

Note that one economist quoted in the cited article expressed skepticism about this result, and attributes it instead to an overestimate of Arizona population growth by the Bureau of Economic Analysis.

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