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Experts: Arizona on path to full economic recovery

PHOENIX — Experts say Arizona is on the path to full economic recovery and
may get there in about three years.

Economists say Arizona ranked fifth among states for job growth as of September
and Phoenix was fourth among large metropolitan areas.

They say Arizona is expected to add 60,000 jobs next year led by professional
and business services, retail, hospitality and health care.

Experts also say Arizona may see a 2.5 percent growth in its employment rate
next year. They also predict that the state’s unemployment rate will dip below 8
percent in 2013.

About 1,000 people attended Wednesday’s 49th annual Economic Forecast luncheon
at the downtown Phoenix Convention Center.

The event was co-sponsored by Arizona State University’s W. P. Carey School of
Business and JPMorgan Chase.


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