2020 State Employment Reporting
July 17, 2020
Arizona’s Payroll Employment Increases for Second Consecutive Month
Arizona’s nonfarm employment rose by 2.7% in June on a month-over-month seasonally-adjusted basis, following a 2.3% revised gain in May. However, the state's job market is still trying to dig itself out of a deep hole from the March-April period when payroll employment fell by 0.7% (m-m) in March and a whopping 9.2% (m-m) in April. Cumulatively, the state lost nearly 300 thousand jobs over the March-April period and has recovered 137 thousand of that loss or 46%. However, in comparison with the nation's jobs recovery of only 33.8% of its 2020 job loss over that same period, the state's decline has been more moderate than the nation, and the cumulative recovery stronger relative to the loss.
Arizona Employment Pattern During Past U.S. Recessions (Indexed to Peak in U.S. Economy)