UA’s Eller Economic and Business Research Center reports Arizona lost 8,400 seasonally-adjusted jobs in June, following a revised decline of 3,300 in May. The preliminary May data showed a drop…
Arizona’s personal income growth ranked 46th in the nation last quarter, according to an analysis. Arizona personal income rose by 5.4% over the quarter in the first quarter of 2025,…
Did Arizona fall into recession last year? With the release of revised employment data for 2024, the picture of Arizona’s economy looks quite different. The revised (benchmarked) data show significantly…
The Arizona economy posted surprisingly slow growth in 2024 and is on course for similar performance in 2025. State job growth was revised down significantly last year, matching the national…
Even though over-the-year growth remained weak, Arizona added 14,200 seasonally-adjusted nonfarm payroll jobs over the month in April. March job gains were revised down to 9,700, from 11,400 in the…
Arizona job growth accelerated in March, but remained down over the year, according to an analysis from Eller Business Research Center. Arizona added 11,400 seasonally-adjusted nonfarm payroll jobs over the…
Arizona personal income rose 4.5% over the quarter to close out 2024 (seasonally-adjusted annual rate). That was slightly slower than the U.S. at 4.6% (Exhibit 1). That ranked Arizona 26th in…
Arizona job growth was down over the year in January and February, according to an analysis. Arizona added 4,300 seasonally-adjusted jobs over the month in February, up from a revised…
Arizona job growth numbers have been revised down significantly in 2024, according to an analysis. Arizona added 7,400 seasonally adjusted jobs over the month in January 2025, up from a…
Still going strong, the Arizona economy added large numbers of new jobs and residents last year. Nominal taxable retail plus remote sales expanded slowly, while personal income growth decelerated. Single-family…
Tariffs on goods from Mexico will impact Arizona more than most states. Arizona engages in trade with many countries around the world. For goods in 2024, the value of Arizona…
Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in…
