How Does Your State Measure Up?

GDP is an aggregate measure of total economic production and represents the market value of all goods and services produced by an economy during the period measured. The Nation’s Gross Domestic Product (GDP) in 2009, the latest data available from the Bureau of Economic Analysis, was over $14 trillion, with a GDP per Capita of…Continue Reading

Exploring Arizona’s Economy

Arizona’s Gross Regional Product (GRP) in 2008 was nearly $251 billion, with more than 3.3 million employed at an average pay of $41,795. The largest economic sector in Arizona is Service representing the majority of all jobs at nearly 1.8 million people and an average pay of approximately $34,000. Gross Regional Product and employment activity…Continue Reading

New Annual Data from the Census Bureau

The 2010 decennial US census has made important changes to the types of information collected and the way the final data will be presented. This year’s Census featured the shortest questionnaire in the programs history. At 10 questions, the census could be answered quickly and as designed, may increase the response rate. This new strategy…Continue Reading