The Impact Of Bank Layoffs In The Valley

September 25, 2013
Wells Fargo has let more than 500 employees go. Since August, JPMorgan Chase has dropped more than 750 jobs, most of those in Phoenix and Tempe.

 Kristena Hansen of The Phoenix Business Journal has been reporting on the layoffs. You can follow her on Twitter @PhxBizKristena.

But how much of an impact will these layoffs have on overall employment in the Valley? Lee McPheters, research professor of economics at Arizona State University's W.P. Carey School gave his opinion.