![]() The lowest unemployment rates for January 2023 occurred in Rapid City, SD, and Sioux Falls, SD, at 1.9% each, while the highest unemployment rate occurred in El Centro, CA, at 16.2%. The national unemployment rate decreased in the year since January 2022, sliding from 4.4% to 3.9% this January. Bureau of Labor Statistics released its Metropolitan Area Employment and Unemployment Summary, reporting the January 2023 statistics and making annual revisions to information from the prior year (2022). The 12-month change in total final demand producer prices for February sat at 4.6% before seasonal adjustment, down from its high of 11.7% in March 2022. Final demand services decreased by 0.1%, the same as the month prior, according to the March 15 th U.S. The 2.2% decline in food majorly affected the shift, with eggs declining 36.1% in price. Final demand goods fell by 0.2% in February after increasing by 1.2% in January. The total final demand dropped 0.1% over the month on a seasonally adjusted basis. Producer prices continued to decline in February. Layoffs and discharges in the state remained relatively stable, coming in at 30,000, representing a 9.1% decline year-over-year. Arizona’s job separations hit 125,000, down 19.4% from January 2022. Based on the preliminary data, the primary driver of this trend was the total quits which amounted to 87,000, accounting for around 80% of the decrease in total separations. Despite this decrease, the number of hires in Arizona came in at 159,000, up 1.9% over the year. Job Openings and Labor Turnover Survey state-level data released on March 21 st indicate Arizona observed 225,000 job openings in January, 4.7% lower than last January. Net earnings increased by 6.9% for the state. The most significant movement within personal income occurred in the dividends, interest, and rent category at a 9.8% increase, followed by transfer receipts at 8.9% and personal income at 7.9%. Arizona personal income experienced four solid quarters throughout 2022, with Q1-Q4 as follows: 1.5%, 8.2%, 6.7%, and 7.9% (seasonally adjusted at annual rates). Arizona ranked 14 th for personal income growth in the fourth quarter, with Massachusetts ranked first at a 15.3% increase and Colorado last with a -2.5% change. Maricopa County, with the leading increase in people for the state and the nation, grew 1.3%.Īrizona personal income for the fourth quarter of 2022 increased 7.9% on a seasonally adjusted annual basis, ranking it in the second highest quintile among states according to the March 31 st U.S. Pinal County held the top position for percent change in population for Arizona with a 3.6% gain, followed by Mohave at 1.8%. Most Arizona counties experienced a boost in population between 20, though three counties lost population: Cochise, Graham, and Greenlee. The two most populous counties in the nation: Los Angeles County, California and Cook County, Illinois, realized the worst declines in population over the year. While Maricopa County had the most significant nominal increase, Texas held six out of the top 10 counties for numeric growth, and Florida retained three for the year. According to the data, domestic migration comprised the most substantial portion of Maricopa County’s population gain over the year. ![]() Maricopa County led the nation in population increase between July 1, 2021, and July 1, 2022, based on the most recent county-level population estimates released from the U.S. Contributing to this article were EBRC staff members Delaney O’Kray-Murphy, Valorie Rice, and Shaw Zeider along with EBRC student researchers Prarthana Magon and Utsav Kataria.Ĭurrent data releases as of 31 March 2023
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