Arizona is getting old, according to these days US Census Bureau Population Estimates for 2021, but then so is the rest of the country. Arizona’s median age in 2021 increased to her 38.6, just below her 38.8 in the United States. (Median age means half the population is older and half younger.) Utah remained the youngest state in the United States, with a median age of 31.8 for her. Maine became the oldest state again with an average age of 44.7 years her age, despite being the only state to drop in age slightly.
More than half of counties or counties nationwide saw an increase in median age between 2020 and 2021. With the exception of Pinal and La Paz, almost every county in Arizona saw an increase in median age, but no change. Median ages ranged from 32.2 years in Coconino County to 58.0 years in La Paz County. Four counties, La Paz (58.0), Yavapai (55.2), Mojave (53.2) and Gila (50.9), had a median age of 50 or older in 2021. This was not yet as old as in some parts of the United States at her six years old. The county (including two counties in adjacent New Mexico) had a median age above 60 years.
Arizona bankruptcy filing June was 825, down 6.4% from the same month last year. This year, it was a double-digit decrease every month until June. Both Chapter 11 (restructuring) and Chapter 13 (personal debt adjustment) filings increased in the month, more than in the same month last year. Year-to-date, his June bankruptcy rate is down statewide, down 15.6% in Arizona, 16.5% in his Phoenix office, 9.4% in his Tucson office, and 30.6% in his Yuma office. His two counties in the state (Navajo and Graham) are reporting more bankruptcies year-to-date than last year, while his other two counties (Cochise and Greenlee) are reporting more bankruptcies than last year. The same number is reported as for the same period last year. Phoenix offices include Apache, Coconino, Gila, Maricopa, Navajo and Yavapai counties. The Tucson office serves Cochise, Graham, Greenlee, Pima, Pinal and Santa Cruz counties, while the Yuma office represents La Paz, Mojave and Yuma counties.
of US trade deficit May continued its decline, falling $1.1 billion to $85.5 billion in a single month after a sharp decline in April. Exports of goods and services increased by $3 billion to $255.9 billion in May. Imports increased by $1.9 billion to $341.4 billion. The year-to-date deficit increased 38.4% from the same period last year, according to a July 7 joint release by the US Census Bureau and the US Bureau of Economic Analysis.
in june U.S. nonfarm payroll On July 8, the U.S. Bureau of Labor Statistics released an increase of 372,000 on a seasonally adjusted basis. The average increase over the past three months was 383,000. Professional and business services, leisure and hospitality, and health care registered the largest employment gains this month. It was the fourth straight month that the unemployment rate stayed at his 3.6%. Both the labor force participation rate (62.2%) and the employment-to-population rate (59.9%) changed little throughout the month.
Real GDP of Arizona In the first quarter of 2022, it declined at an annualized rate of 2.5%, compared to a national decline of 1.6%. Only a handful of states showed a positive change in GDP in the first quarter, with real GDP change ranging from his 1.2% in New Hampshire to -9.7% in Wyoming. According to his June 30 release from the Bureau of Economic Analysis, mining, quarrying, and oil and gas extraction were the main drivers of the decline in real GDP in Wyoming and her four other states. It was also noted that the state GDP and state personal income quarterly statistics will be released simultaneously from September.
Inflation continued to rise in June, rising to 9.1%. consumer price index The U.S. Bureau of Labor Statistics announced on July 13. Energy costs rose 41.6% in his 12 months, the largest increase in the energy index since April 1980. The seasonally adjusted monthly figures showed he increased by 1.3% in June. Energy costs contributed almost half of the increase as gasoline prices rose by 11.2% over the month, but the increase was widespread. The index for all commodities except food and energy rose to 0.7% over the past month after hovering at 0.6% over the past two months.
author: Valorie H. Rice Economic and Business Research Center (EBRC) of the University of Arizona error management college.
