According to numbers released by the U.S. Labor Department, unemployment rose to more than 3.3 million in the past week, which is an increase of 3 million over the previous week.

No one is walking through the terminals, the baggage carousel is empty, and the lines at the gates are minimal compared to a typical day at Phoenix Sky Harbor Airport.

Under normal conditions, lower oil prices would be a good thing for consumers going to the gas pump. Except with many staying home amid coronavirus, people are not taking advantage of lower prices and filling their tanks as often.

Professor of Economics Bart Hobijn compared the everyday movement of money through the economy to blood flow through the body.

Research Professor of Economics Lee McPheters says there is likely to be a positive effect on spending, but people are also worried about their debts.

Arizona isn't immune to the recession that the coronavirus pandemic seems increasingly likely to push the nation into, but there's a bright side to it, according to Research Professor of Economics Lee McPheters.

Typically, this is the season when Arizona welcomes crowds of spring breakers and spring training visitors, but Phoenix Sky Harbor International Airport finds itself in an unfamiliar position.

Every year, Arizona hosts 15 Major League Baseball teams for spring training, and the Cactus League games play a significant role in the state’s economy.

Canceled: Alex Taylor, who oversees $21 billion in annual revenues and more than 55,000 employees worldwide, will speak at the Economic Club of Phoenix event on Thursday, March 12.

The baseball association makes a unique impact unlike any other sporting event in the region, according to Clinical Professor of Economics Daniel Marburger.