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…
Arizona added nearly 57,000 jobs year-over-year in 2024 as Arizona job growth continues, according to an analysis. Arizona added 3,400 seasonally-adjusted jobs over the month in December, similar to revised…
Arizona posted steady job growth in October, driven in large part by Arizona healthcare job gains. Arizona job growth decelerated modestly in October, with a seasonally-adjusted over-the-month gain of 5,400…
Tucson jobs increased last month, although state and local employment was weak, according to an analysis from the Economic and Business Research Center (EBRC). Here’s a closer look at Arizona…
State of Arizona personal income growth ranked 23rd in the nation in the second quarter. Arizona nominal personal income rose 5.2% at a seasonally-adjusted annual rate in the second quarter of…
Arizona seasonally-adjusted jobs dropped by 2,500 over the month in August, after a revised 3,300 increase in July. The preliminary estimate suggested that the state added 3,000 jobs over the…
After peaking at 13.0% over the year in August 2022, Phoenix MSA all-items consumer price inflation (as measured by the CPIU) cooled to 2.3% in August 2024 (Exhibit 1). At…
