February 19, 2021

Report: Arizona on track for 11% jobs increase over 2 years

Arizona’s economy lost 155,000 jobs during the two years that ended in the second quarter of 2020, with nearly all of the job losses attributed to the COVID-19 pandemic

unemployment office sign An unemployment insurance claims office.
Bytemarks/Creative Commons

State researchers say Arizona’s economy appears to be on a two-year track for significant employment growth through early next year, with a projected jobs increase of about 11% from the second quarter of 2020 to the second quarter of 2022.

A report released Thursday by the Office of Economic Opportunity projects employment will increase by over 325,000 jobs during the two-year period now approaching the halfway point.

The report said Arizona’s economy lost 155,000 jobs during the two years that ended in the second quarter of 2020, with nearly all of the job losses attributed to the COVID-19 pandemic.

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