11 March 2018

What Boom? Believe It If U Want To. . . or NOT

Spoiler alert to open this post with an excerpt from one of the comments after the following reporting by Rogue Columnist Jon Talton:
It is a shame we can't get info like this from our local writers so we can make informed decisions on our legislators and the job they are doing.When the balloon pops and we ask "What the hell happened ,the local media are going to shrug their shoulders and say "How were we supposed to know?"
Arizona's 'boom' (in charts)
To hear the boosters tell it, Arizona is enjoying one of the most competitive economies in the nation. Let's take a look, using authoritative sources:
> Median household adjusted for inflation income is up, with its second-best showing since 2000. Unfortunately . . .
The workforce is at a record near 2.8 million. Unfortunately . . .
Population growth, the holy grail of the state's economy is at its lowest levels since the Great Depression, even as Arizona passed 7 million people.
> Housing, another self-measure of well-being, is still badly mauled from the Great Recession . . .
> Not surprisingly, construction employment remains similarly wounded . . .
> The boosters have been portraying Arizona as a tech juggernaut, taking jobs from California. In reality, the broad information category is well below where it stood in the dot-com era:
> Let's drill down a little.
Software publishing employment is a sign that a metro is operating at the headwaters of the tech sector. No surprise that metro Seattle, home to two of the five Big Tech giants does so well. It is surprising, given the local hype, that Phoenix doesn't register at all:
Go to the source to see the data > Rogue Columnist J

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