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In 1978, Arizona's job market was booming, with the state's unemployment rate at a five-year low and 39,000 new jobs created in Maricopa County alone. This surge in employment is expected to continue into the next year, but economists warn that inflation will also climb, increasing the cost of homes, food, clothing, and gas. Flash floods wreaked havoc on Phoenix, causing an estimated $4.5 million in damage—a cost inflated by rising prices. The airport took the biggest hit, but the city is also shelling out a massive $1 million to repair destroyed river crossings, creating major travel disruptions. Prompted by a tragic midair collision, Phoenix Mayor Margaret Hance is pushing to ban small planes from Sky Harbor Airport, citing a dangerous mix with jetliners. Despite a city staff report suggesting restrictions instead of an outright ban, Hance remains determined to move all small planes to outlying airports. An intense housing crisis is gripping Arizona State University, leaving hundreds of students without a place to live for the fall semester. Despite four last-minute dorm rooms becoming available, the director of housing warns that hundreds are still desperately searching for accommodations, with some students even forced to drop out of school. Postal workers are battling a massive holiday mail rush, with over 1.5 million letters zipping through the post office in a single day! With Christmas just around the corner, they urge everyone to use zip codes and plain envelopes to keep the mail moving at lightning speed. ASU officials have devised a new parking game plan for the upcoming Fiesta Bowl, as recent floods have swamped a key lot. Fans are now being directed to alternative lots near Grady Gammage Auditorium and given new travel routes to ensure a smooth arrival. Road construction is creating traffic chaos in northwest Phoenix, with major projects on 19th Avenue, Dunlap, and Northern all happening at once. Despite the frustration, city officials say the work is necessary to fix long-standing issues, comparing the short-term pain to a much-needed trip to the dentist. Throngs of people are flocking to Hayden's Ferry Days in Tempe this weekend, where they're celebrating with an incredible pre-Christmas sale. Despite the chilly weather, families, couples, and even roller skaters are enjoying the lively atmosphere and perusing an array of arts and crafts. Subscribe to FOX 10 Phoenix! / @fox10phoenix #fox10phoenix #videovault #channel10rewind FOX 10 Phoenix delivers breaking news, live events, politics, entertainment, business news and local stories from Phoenix, Arizona and across the nation. Watch more FOX 10 Phoenix on YouTube: Video Vault: • Video Vault Arizona headlines: • Arizona headlines Top videos of the week: • Top Videos