Hello John,
Arizona's unemployment rate ([link removed]) is now the lowest ([link removed]) it has been since the 1970s. Under Governor Doug Ducey's leadership, Arizona has cut taxes ([link removed]) , lowered regulations and driven innovation. These policies have secured high-paying jobs ([link removed]) , strengthened the economy and put money pack into families' pockets.

Read the Center Square's coverage ([link removed]) below.


** Arizona unemployment rate hits 45-year low
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Tom Joyce
The Center Square ([link removed])
April 15, 2022

The unemployment rate in Arizona continues to decline.

In March 2022, Arizona had a seasonally adjusted unemployment rate of 3.3%. This was slightly lower than the national unemployment rate at the same time, according to data ([link removed]) released by the Arizona Commerce Authority this week.

The latest data continues a gradual decline in people seeking work since job seeking peaked at 13.9% in April 2020. March data marks a 0.3-point drop in the state's rate compared to February and a significant improvement over the unemployment rate of March 2021. Back then, the state had a 5.8% unemployment rate – 2.5 percentage points higher than it is now.

According to the Arizona Commerce Authority, the state's seasonal unemployment rate is the lowest in more than 45 years.

"These unemployment numbers are a direct result of economic policies that prioritize opportunity and growth," said Gov. Doug Ducey's Spokesman CJ Karamargin. "Under Governor Ducey's leadership, Arizona has become a jobs juggernaut. Companies large and small, young professionals, families - we're attracting newcomers in droves. Low taxes, low regulations and a business friendly environment matter. Anyone who thinks otherwise should just look at what's happening in Arizona."

Although the state has a low unemployment rate, its younger residents in the labor force aren't getting those jobs in many cases; the unemployment rate for 16- to 19-year-olds is 20.1%, according to the report.

Arizona's unemployment rate this century peaked at 13.9% in April 2020 due to the coronavirus pandemic and the shutdowns that followed.
Read the full article here. ([link removed])

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