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➤ Economic data point to a cooling Arizona economy, with Phoenix home prices down 1.7% year over year in April and hiring slowing statewide. Yuma posted a 16% unemployment rate in May, the highest rate in the state and among the highest nationally. (See Report)
➤ A report found Arizona is not training enough workers to fill its booming semiconductor industry, projecting an annual shortfall of thousands of workers. (More)
➤ Oak Creek Canyon business owners say post-wildfire flash flooding has driven away peak-season visitors, with Sedona reporting a 10% drop in Fourth of July weekend stays compared with a year ago. (More)
➤ New Jersey investment firm Walden Group paid a combined $57 million for golf clubs Dove Valley Ranch in Cave Creek, Longbow in Mesa, and Power Ranch in Gilbert, doubling its Arizona holdings. (See Details)
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