ARIZONA NEWS

Business leader says Phoenix area’s 2021 economic outlook is positive

Jan 5, 2021, 9:20 AM | Updated: 11:35 am

(AP Photo)...

(AP Photo)

(AP Photo)

PHOENIX – The president and CEO of the Greater Phoenix Economic Council says he’s optimistic there will be full recovery this year of the jobs lost in the area during the pandemic.

Of the 214,000 jobs in the Valley lost in 2020 because of the coronavirus, about 170,000 have been recovered, almost 80 percent, Chris Camacho told KTAR News 92.3 FM on Monday.

“We do expect 2021 through the end of the fourth quarter to bring full job recovery that will actually outpace the 2019 numbers. So I’m optimistic,” he said.

“The challenge will be some unevenness. Sectors like retail, hospitality [and] Main Street small business will still slowly recover as consumer confidence comes back and individuals are able to get back in public and spend money in traditional ways,” he said.

Arizona Gov. Doug Ducey’s virus mitigation efforts have included limiting capacity for indoor dining, movie theaters and gyms and implementing curfews.

“There are 245 companies evaluating the greater Phoenix region for investment,” Camacho said, “and we’re eager to work with the Legislature and Governor’s Office and our peer organizations … to support recovery.

“So again, very optimistic about 2021,” he said.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Photo by Kevin Dietsch/Getty Images)...

KTAR.com

MCSO’s Penzone expects scanner program at jails to be implemented within weeks

Maricopa County Sheriff Paul Penzone said a scanner program that will detect for drugs and other contraband going in and out of jails will be up and running within weeks.

12 hours ago

(Facebook Photo/Axis for Autism)...

SuElen Rivera

Autism evaluation, therapy clinic opens first East Valley location

A clinic offering autism diagnostic services and ABA therapy is expanding its presence in the Valley with the opening of a new clinic in Gilbert.

12 hours ago

Wreckage after BNSF freight train carrying new vehicles derailed overnight in Coconino County, Ariz...

KTAR.com

Freight train carrying new vehicles derails in northern Arizona

Nobody was injured when a freight train carrying new vehicles derailed in northern Arizona overnight, officials said Thursday.

12 hours ago

Photos of a stolen husky puppy and suspects Logan Niemann and Taylor Sines. The Glendale, Arizona, ...

Kevin Stone

Glendale couple arrested for allegedly stealing husky puppy last month

A Glendale couple was arrested Wednesday for allegedly stealing a husky puppy from a breeder last month, authorities said.

12 hours ago

(Arizona Humane Society Photo)...

KTAR.com

Arizona Humane Society waiving adoption fees for pets 1 year and older starting Thursday

The Arizona Humane Society is hosting an adoption event that will run Thursday-Sunday, waiving fees for all pets one year old and older.

12 hours ago

(Flickr Photo/ADOT)...

KTAR.com

ADOT begins first of 23 pavement repair projects set for this summer

The Arizona Department of Transportation has started the first of 23 projects to repair damaged pavement across the state.

12 hours ago

Sponsored Articles

...

OCD & Anxiety Treatment Center

5 mental health myths you didn’t know were made up

Helping individuals understand mental health diagnoses like obsessive compulsive spectrum disorder or generalized anxiety disorder isn’t always an easy undertaking. After all, our society tends to spread misconceptions about mental health like wildfire. This is why being mindful about how we talk about mental health is so important. We can either perpetuate misinformation about already […]

...

re:vitalize

Why drug-free weight loss still matters

Wanting to lose weight is a common goal for many people as they progress throughout life, but choosing between a holistic approach or to take medicine can be a tough decision.

...

Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

Business leader says Phoenix area’s 2021 economic outlook is positive