Arizona recovers 100% of private sector jobs since April 2020
Less than a year and a half after the initial economic disruption of the COVID-19 pandemic, Arizona has already recovered more than 100% of private sector jobs, representing one of the fastest job recoveries from the country.
“The past year and a half has challenged the Arizonans like never before,” Governor Doug Ducey said. “But thanks to the ingenuity and persistence of our hard-working employees and the business community, Arizona’s recovery is in full swing, with real momentum going in the right direction. This is not the case for all states, and we will continue to work hard to ensure that Arizonans have ample opportunity to re-enter the workforce, access new skills and return to work.
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According to the month of August Arizona Office of Economic Opportunity employment report released today, since April 2020, Arizona has recovered 325,500 jobs in the private sector, which represents 101% of the jobs lost in the private sector. By comparison, the United States has recovered only 79% of private sector jobs.
Unemployment in Arizona fell by nearly 13,000 people from July 2021 to August 2021, according to the report. Arizona’s unemployment rate fell from 6.6% to 6.2%, the largest rate drop of the twelve. last months.
Including government jobs, Arizona is 97% recovered from the pandemic, the third fastest total job recovery in the country. Arizona’s workforce is also continuing its strong recovery. The number of Arizonans working or looking for work exceeded its pre-pandemic level in March 2021 and has continued to increase every month since. By comparison, the U.S. workforce remains more than 3 million people below pre-pandemic levels.
A new report This month, Arizona is the No. 8 state least affected by ongoing labor shortages.