Economic forecasts for the states of the Western region have been published monthly in the Western Blue Chip Economic Forecast by The W.P. Carey School of Business at Arizona State University since 1986. The consensus forecasting approach used in the Western Blue Chip was inspired by the late Robert J. Eggert of Sedona, Arizona. Eggert popularized consensus forecasting with the introduction of his widely followed newsletter on the national economy, Blue Chip Economic Indicators. Consensus panelists for the Western Blue Chip are drawn from leading firms, universities and government organizations across the West. Data reported in the forecast tables for a given month were current as of the publication date, the first day of that month. The consensus for each state is the mean of all forecasts shown in the table. Data are expressed as annual percentage changes relative to the annual average value for each indicator during the previous year. Note that, since not all panelists revise their forecasts each month, changes in the consensus may result from revisions by an individual contributor.
The Greater Phoenix Blue Chip offers forecasts by a panel of experts who track construction and general economic trends for the Phoenix metro area. The forecast tables and the consensus outlook are updated quarterly. Construction categories include residential activity along with projections on office, commercial, and industrial space for the current year and the year ahead. Forecasts for Phoenix income, population, employment, and retail sales are also available.
Job Growth USA provides rankings of job creation for states and metropolitan areas, based on the latest available non-agricultural employment data from the U.S. Bureau of Labor Statistics. Rankings are shown for month-to month (seasonally adjusted) job growth as well as monthly over-the-year (non-seasonally adjusted) and year-to-date changes. Rankings are available for all 50 states and more than 360 metropolitan areas, arranged by 35 key industry classifications.