Tourism dollars cushion Phoenix area amid 1974 slump
A Phoenix Newspapers Inc forecast shows 1974 recession hit Phoenix harder than Scottsdale and Paradise Valley, with tourism helping Scottsdale’s economy. Housing permits fell 38.7 percent in 1974 and are expected to drop 23.9 percent in 1975, while tourism expenditures fell 1.4 percent in 1974 but are projected to rise in 1975. The report highlights population shifts, income changes, and retail gains driven by tourism in the Valley.
MENTIONED IN THIS ARTICLE
Lon Miller
Valley of the Sun
Phoenix Newspapers Inc
Phoenix Civic Plaza
Phoenix
Scottsdale
Paradise Valley
Metro- Phoenix
County schedules hearing on Scottsdale court budget
The Maricopa County Budget and Research Department will hold a public hearing Monday in Phoenix at the County Administration Building room 606 at 9 30 a m to review Scottsdale Justice Court and other outlying budgets for 1975 1976. Final budget actions occur in July and August with tax rates set August 18. Chairman Bob Stark urged absorbing cost increases without new programs.
MENTIONED IN THIS ARTICLE
Scottsdale
Tentative County Justice Court
Phoenix
S. 3Rd Ave
Maricopa
Board of Supervisors
Bob Stark
Record 105 of 150 labor areas with substantial unemployment
The Labor Department reports a record 105 of 150 labor areas had 6 percent or more unemployment in March, the highest total since May 1955. The 6 percent threshold requires no expected improvement for two months, marking a new peak after 101 areas in April 1961.
MENTIONED IN THIS ARTICLE
Washington
UPI
Labor Department
Recession Seen Ending Despite Slow Recovery Ahead
Economist Irwin Kellner says the nation's worst recession since the 1930s is near its end with signs of inventory liquidation ending and rising sales. He forecasts positive GNP growth from April through June, though unemployment may peak around 9.5 percent this year. The Fed reports money supply up 5.9 percent in the last four weeks.
MENTIONED IN THIS ARTICLE
Richard Hughes
UPI
Irwin Kellner
Kellner
Manufacturers Hanover Trust
New York
Federal Reserve
Real GNP Drops Over Ten Percent In First Quarter
The Commerce Department reports the nation’s output fell sharply in the first quarter, with real GNP down 10.4 percent from 804 billion to 782.4 billion. Inflation cooled to 8 percent, while the inflation-adjusted GNP declined 3.2 percent, extending a 15 month recession.
MENTIONED IN THIS ARTICLE
GNP
Department
Also Mentioned on This Page
Commerce Department
TE Festival OF
Pima
Mohave
Ingleside
Paiute
Scottsdale Fashion Square
Picasso
Kottsdale Fashion Square
Scottsdale RD
Rose Circle Gardens
N. 62Nd St
Blodgett Construction
Turquoise
Pashions
Scottsdale’s
Camelback
Scottsdale Road
Camelback Road
Ee Stetsons Sorive
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