Annual Features: Arizona Prices in the 21st Century

Arizona gained 4,300 nonfarm jobs in February (+0.13%, -0.4% year-over-year) – putting Arizona 15th among all states in monthly job growth. For perspective, the total U.S. job growth rate in January was 0.0

Arizona gained 7,400 nonfarm jobs in January (+0.23%, -0.3% year-over-year) – putting Arizona 8th among all states in monthly job growth. For perspective, the total U.S. job growth rate in January was 0.07%

Inflation as measured by the Consumer Price Index (CPI) for the Phoenix metro area rose 1.8% year-over-year in February, an increase from 1.6% in December.

By exploring these key factors, we can better understand why Tucson has struggled to match the economic success seen elsewhere in Arizona – and what needs to change for the city to thrive.