Metropolitan Tucson’s economy has grown in recent years, albeit slower than the rates posted by the state and nation. Federal budget cuts mattered more to Tucson because federal government civilian and military employment is a larger share of the local economy.
But 2016 is shaping up to be better, and George Hammond, director of the Economic and Business Research Center at the University of Arizona’s Eller College of Management, will explain his optimism in a 3:30 p.m. Wednesday (June 8) talk entitled “Predicting Tucson’s Future” at the Arizona Senior Academy.
Hammond acknowledged that 2015 job growth in the Tucson area was 0.8 percent, below the national rate of 2.1 percent and far below that for Phoenix of 3.3 percent.
Asked what the news is for 2016, Hammond said: “I think Tucson’s growth will improve this year, so the news should be better.”
With a B.A. in economics from the University of Colorado and a Ph.D. in business economics from Indiana University, Hammond is a specialist in economic analysis and forecasting. His forecasts and reports have been featured in such distinguished venues as the NBC Nightly news, The Wall Street Journal, Bloomberg BusinessWeek, and the New York Times.
Written by Marcia Reinagel, Academy Village Volunteer