Arizona top of the nation

The article, Arizona economy expected to topple national numbers, from The Phoenix Business Journal, reports that Arizona will topple the expected U.S. growth rate of 3 percent in 2007 thanks to it's continuing population boom, according to ASU economist Edward Prescott, the keynote speaker at yesterday's Arizona Bank & Trust Economic Summit 2007, "Trends to Bank On". "The Arizona trend dominates," Prescott told the more than 300 who attended. Katie Pushor, chief executive and president of the Greater Phoenix Chamber of Commerce, said the state is the second destination for domestic migration next to Florida and the eight internationally. "People want to move to this state," she said. "There is an overwhelming perception of opportunity here." Unemployment is the lowest in 25 years, hovering under 4 percent, but escalating housing prices are keeping some workers from moving here, Pushor said. "Affordability is really an issue for the work force," she said. Also included is an article on this same speech from the Arizona Republic titled Arizona likely to outpace nation. In it, Edward Prescott is quoted as saying "there's got to be another 20 years of rapid growth, and then health thereafter."

Arizona economy expected to topple national numbers
http://phoenix.bizjournals.com/phoenix/stories/2007/01/22/daily16.html?t=printable

Arizona likely to outpace nation
http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/business/articles/0124biz-economy0124.html