News

This is the critical link to successfully reopening the US economy

A supply chain management professor of practice warned that efforts to strengthen the supply chain, such as diversifying sources and manufacturing to other countries, automation, larger inventories, more complete risk analysis will widen the gap between large and small businesses.

ASU economics professor predicts a slow state recovery

Although the economy is expected to gradually improve beginning in July, the unemployment rate in the Valley will still be in at nearly 10% by December.

Real-time survey to provide timelier labor market data in era of COVID-19

Employment data needs to be accurate and up-to-date, but most traditional economic statistics, such as those for the labor market, fall short because they are reported with an extremely slow response.

Arizona economy still a long way from normal

Governor Doug Ducey's stay-at-home order officially expired on May 15. What will the Valley's new way of life look like? Arizona PBS asked Professor of Economics Dennis Hoffman.

Expert expects more retailers to follow Chandler, Arizona, Nordstrom permanent closure

E-commerce has become more popular over the past few years, and COVID-19 has sped up consumer's desire to shop online even more.

Hollywood sign hikes, water parks, hair salons: News from around our 50 states

Arizona State University economists say the state’s economic slide due to the coronavirus pandemic will last for months but be followed by a quick rebound that results in recovery by early 2021.

COVID-19 retail closures may be final blow for malls, says ASU business professor

As some retailers close down permanently due to COVID-19, the future of malls in America may never look the same. A supply chain management professor of practice shares how they'll have to adjust and adapt to a new shopping experience moving forward.

Economists predict Arizona will see recovery by early 2021

When will Arizona's economy recover from the pandemic? Economics professors predicted a recession of three to nine months at an annual forecasting webinar presented by the Economic Club of Phoenix.

The many new indicators of an epic job collapse

The job market is difficult to understand without accurate data. An ASU economist's workforce surveys are more current than the government’s — and more frightening.

Why an ASU economist is optimistic about Arizona's recovery

As the state of Arizona reopens, the road to recovery is filled with many unknown factors. Professor of Economics Dennis Hoffman shares his insight on the future economic outlook for Valley businesses.