Get the latest January 2007 Arizona Businesses Database with instant download options in multiple formats like MySQL, MS Access, CSV, and other Delimited Formats. Unlock access to a range of business databases, content databases, and lists for seamless usage.

The Arizona business market review for the year 2006 indicates that the employment rate grew by 4.8 percent in the second quarter. This growth occurred in multiple industries, with the exception of information. Although the job rate remained high, it was lower than in the previous year. This slowdown in job growth was similar to what occurred in other western states. The deceleration was attributed to the slowing of the housing market, which had a direct effect on construction.
However, the city of Phoenix managed to maintain high business growth rates, with three out of four jobs created in Arizona located in this city. The growth was mainly in the trade, construction, and business sectors. These sectors also experienced the highest rates of growth. Meanwhile, the real estate market experienced a decline, with home sales dropping from 27% to 20% by the second quarter of 2006. The construction industry slowdown was projected to put pressure on businesses operating in this field.
Despite the slowdown, the quality of mortgage loans was generally stable. For instance, the foreclosure rate was just 0.16%, which was much lower than that of other states. This made Arizona one of the lowest states in the nation when it came to foreclosure rates.
Overall, this business database offers insights into the changes and trends in Arizona's business market. It highlights which businesses are growing and which ones are slowing down, and it can be a valuable tool for marketing professionals looking to identify lucrative target markets within the state.
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