Forecast for state's economy gets worse

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Jobless claims up

PHOENIX -- A new midyear analysis from Arizona economic forecasters paints a dimmer picture of the state's economy than earlier assessments.

The Arizona Blue Chip Economic Forecast is assembled by the W.P. Carey School of Business at Arizona State University based on data and assessments from 16 government and private sources.

The latest consensus report has drops in employment, retail sales, housing and population growth.

Senior Associate Dean Lee McPheters says "forecasts made at the start of the year are in the shredder" and that economy watchers "are debating just how bad the downtown will be and how long it will last."

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