Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail…
Arizona added 7,000 jobs in November and the unemployment rate ticked up to 4.1%. Arizona seasonally-adjusted jobs rose by 7,000 in November, equal to a revised 7,000 job increase in…
Roughly 64,000 Californians have moved to Arizona annually during 2016-2020. Net migration has long been a key source of Arizona’s population growth, usually contributing much more than natural increase (births…
Arizona monthly job gains fell below average in September. Arizona added 3,700 seasonally-adjusted jobs over the month in September, up from 1,700 in August, but far below the very strong…
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,…
