Maricopa County led the nation in population growth from July 1, 2021 to July 1, 2022, based on the latest statistics. County Level Population Estimates Published by the U.S. Census Bureau. Data show that internal migration accounted for the largest percentage of Maricopa County’s population growth in that one year. Maricopa County’s population growth showed the most significant nominal increase, while Texas held her six of the top ten counties in increasing numbers, while Florida maintained three counties for the year. Her two most populous counties in the United States, Los Angeles County, California and Cook County, Illinois, saw their worst population declines in a year. Most of Arizona’s counties saw population growth between 2021 and 2022, but three of her counties – Cochise, Graham, and Greenlee – saw population declines. Pinal County held the top spot in Arizona’s rate of population change, with a 3.6 percent increase, and Mojave followed her with a 1.8 percent increase. Maricopa County had the highest population growth rate in the state and country overall, growing 1.3%.
Dive deeper: Arizona Personal Income Growth Ends 2022 with Highest Record
Beyond Population Growth in Maricopa County, Arizona personal income The fourth quarter of 2022 saw a 7.9% increase on a seasonally adjusted yearly basis, ranking in the second highest quintile among states, according to the March 31 stats.st U.S. Bureau of Economic Analysis release.Arizona ranks 14thth Massachusetts ranked first with a 15.3% increase in personal income growth in the fourth quarter, while Colorado ranked last with a -2.5% increase. Arizona Personal Income experienced four strong quarters through 2022, with Q1-Q4: 1.5%, 8.2%, 6.7%, and 7.9% (annualized seasonally adjusted). Among personal incomes, the most notable movements occurred in the dividends, interest and rent categories with a 9.8% increase, followed by transfer income at 8.9% and personal income at 7.9%. State net income increased her 6.9%.
Job offer/turnover rate survey State-level data released March 21st Arizona had 225,000 job openings in January, down 4.7% from January last year. Despite this decline, Arizona has 159,000 jobs, a 1.9% increase for the year. Arizona’s job turnover hit 125,000, down 19.4% from January 2022. Based on preliminary data, the main driver of this trend was total turnover, which amounted to 87,000, accounting for about 80% of the decline in total turnover. Layoffs and layoffs across the state remained relatively stable, declining 9.1% year-on-year to reach 30,000.
producer price The decline continued in February. Total final demand fell by 0.1% over the month on a seasonally adjusted basis. Final demand goods fell 0.2% in February after rising 1.2% in January. A 2.2% drop in food items played a major role in the shift, with egg prices down 36.1%. According to the March 15 financial results, final demand services fell 0.1%, the same as the previous month.th Released by the U.S. Bureau of Labor Statistics. The 12-month change in total final demand producer prices in February was 4.6% pre-seasonally adjusted, down from a high of 11.7% in March 2022.
March 17ththreleased by the U.S. Bureau of Labor Statistics Employment and unemployment in the metropolitan area Summary, reporting statistics for January 2023, with annual revisions to information from the previous year (2022). The national unemployment rate has fallen in his year since January 2022, dropping to 3.9% from 4.4% in January this year. In January 2023, the lowest unemployment rate was 1.9% in Rapid City, South Dakota and Sioux Falls, South Dakota, respectively, and the highest unemployment rate was 16.2% in El Centro, California. The unemployment rate in the Arizona metropolitan area remained largely unchanged from December 2022 to January 2023. Yuma was the only one who saw a significant change. However, some of this change can be attributed to movements within the labor market, as the number of unemployed and the size of the private labor force declined by about the same amount over this period. Unemployment rates in Tucson and Lake Havasu City-Kingman fell 0.1 percentage points from December to 3.2% and 4.0%, respectively. Arizona’s labor market remains strong, with low unemployment in most parts of the state and a growing private workforce.
January data release phoenix home prices It suggests a continued descent to previous levels. The 12-month price change was slightly positive with him 0.01% above the January 2022 level. Nationally, the 12-month change in prices is 3.8% year-on-year. January marked his seventh straight month of declines in home prices, both nationally and in Phoenix. Nevertheless, the annual growth rate of 20 city complexes remained positive at 2.5%. The Florida cities of Miami and Tampa topped the price change index, recording only his double-digit annual growth rate at 13.8% and 10.5% respectively. Her four cities—San Francisco, Seattle, San Diego, and Portland—had negative year-on-year changes.
of US consumer price index In February 2023, it increased by 0.5% in January, increased by 0.1% in December, and increased by 0.4% (seasonally adjusted). The Fed predicted this rise in his CPI and contributed to the rate hike earlier this month. Annual inflation hit 6% in February, the lowest since September 2021, marking his eighth straight month of declining annual inflation. Increased shelter costs were the largest contributor to the monthly increase, accounting for about 70% of the total change. Energy prices fell 0.6% month-on-month and rose 5.2% year-on-year, while Shelter rose 0.8% and rose 8.1% for the year. Household food prices rose 10.2% year-on-year, outpacing changes in all other categories.
Phoenix’s CPI-U is up 1.2% in the last two months to February 2023. Primarily, higher food and housing prices contributed to this rise. Compared to the last 12 months, Phoenix’s CPI-U increased by 8.5%. The figure shows a slowdown in inflation in Phoenix compared to last month, but still ranks among the highest in the country. Phoenix holds her second-highest CPI in the country, behind her 9.9% in Miami. Food prices saw the biggest change at 2.7% over the two months. Food prices rose 10.1% year-on-year, while shelter prices rose 16.1%.
author: This article was contributed by EBRC Staff members Delaney O’Kray-Murphy, Valorie Rice and Shaw Zeider, and EBRC student researchers Prarthana Magon and Utsav Kataria.
