Arizona personal income growth beat the nation in second quarter, but lagged behind inflation. Arizona personal income rose by 6.6% at a seasonally-adjusted annual rate before adjustment for inflation in the…
As the U.S. economy slows, the question naturally arises: are we in a recession? The answer is more complicated than it appears for a number of reasons. First, the data…
As cross currents buffet the Arizona economy, it looks different depending on the lens used to view it. The labor market remains very tight, generating strong job gains, low unemployment…
Arizona added 22,900 jobs over the month in July, while the unemployment rate was steady at 3.3%. Arizona added 22,900 jobs over the month in July, up from a revised…
As the U.S. economy slows, the question naturally arises: are we in a recession? The answer is more complicated than it appears for a number of reasons. First, the data…
Arizona’s seasonally-adjusted unemployment rate ticked up to 3.3% in June, up from 3.2% in May. That was slightly below the national rate of 3.6%. Arizona’s rate remains very low, signaling…
Arizona added 5,800 jobs over the month of May and the unemployment rate was steady at 3.2%. The state’s seasonally-adjusted nonfarm payroll jobs increased by 5,800 in May, after a…
The Phoenix metropolitan statistical area (MSA) Consumer Prices Index for All Urban Consumers (CPIU) for all items rose 11.0% over the year in April, much faster than the U.S. So,…
Arizona’s unemployment rate hit (another) new low at 3.2% in April. The state’s seasonally-adjusted nonfarm payroll jobs increased by 16,100 in April, after a revised drop of 4,400 in April.…
Arizona’s economic recovery continues unevenly from the pandemic. Jobs in three out of the state’s seven metropolitan areas were below their pre-pandemic level in April. Further, jobs in six out…
Arizona added 11,700 jobs over the month in February, nearly double the average pace during the five years before the pandemic began. Arizona added 11,700 seasonally-adjusted nonfarm payroll jobs over…
Arizona’s jobs are once again breaking new ground, after regaining their pre-pandemic peak in November 2021. In addition, the state unemployment plunged during the second half of the year, as…
