Arizona unemployment rate dropped sharply in May, though economists advise caution on figures
The state still has about 163,000 fewer jobs than it did a year ago, but the turnaround is welcome nonetheless.
The state still has about 163,000 fewer jobs than it did a year ago, but the turnaround is welcome nonetheless.
In this story published June 18, 2020, in The Arizona Republic:
This 45,000 new jobs added, it looks pretty good. Compared to a year ago, we are still way down. I think there is a strong case to be made, maybe not for a V-shapred (rapid) recovery, but slow, steady growth through the end of the year and better growth next year.
– Research Professor of Economics Lee McPheters, who is the director of the JPMorgan Chase Economic Outlook Center
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