Arizona saw its seventh consecutive month of year-over-year job losses, according to a new report.
Common Sense Institute Arizona released a report showing that Arizona lost 8,600 jobs year over year in March. This ranked 16th worst nationwide, the report said.
Zachary Milne, a senior economist for CSI, told The Center Square that there is evidence to suggest Arizona’s labor market is “souring to a degree.”
“With seven months of year-over-year job losses, combined with rising unemployment and falling labor force participation, these are concerning signs for the labor market,” he said.
Lee McPheters, an economic professor at Arizona State University, told The Center Square by email that Arizona has “lost 14,000 jobs” between January and March. He added that Arizona ranked 43rd among states in job creation during this period.
He said this “is an unusual situation for Arizona.”
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