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State Performance

Economic Performance

Arizona’s economic performance has been strong and as stated previously the outlook is very promising.

In November, Arizona became just the third state to recover all jobs lost during the early months of the pandemic. The latest monthly employment report shows Arizona’s unemployment rate at 3.3%, and lower than the national rate of 3.6%. Over the last year, the state’s labor force has increased by more than 45,000 people.

In just the last five months, Arizona has successfully landed manufacturing projects from LG Energy SolutionEdwardsKohlerXnrgySunlitEMD ElectronicsMeyer BurgerStrykerLeonardo, and more, representing diverse sectors such as semiconductors, renewable energy, home products, and medical technology.

Arizona Ranks No. 1 for Economic Performance, Says New Report
inbusinessPHX.com

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