George Hammond
George Hammond

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

More Info on attending an event
Academy Village is an active-adult community located off Old Spanish Trail six miles southeast of Saguaro National Park East. Its residents support the Arizona Senior Academy, a non-profit charitable organization whose mission includes offering free concerts and lectures to the public.

These events are held in the Great Room of The ASA Building adjacent to the Academy Village Community Center. Due to the popularity of cultural events, non-residents who wish to ensure priority seating are advised to make reservations by email at or by phone at (520) 647-0980. To learn more about the Academy, go to

Parking for visitors is in the lot behind the Community Center. All parking spaces in front of the Academy building are reserved.

Slow to Recover, Tucson’s Economy Improving: June 2016
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