Per the new report, in the West, business applications increased 8.0 percent between January and February, from about 93,693 to 101,841 applications.
On Friday, March 10, the Bureau of Labor Statistics published a report which included preliminary national unemployment numbers for February.
Here in Arizona, the state unemployment rate dropped from 4.1 percent in 2021 to 3.8 percent in 2022.
Forty million people in the U.S. are having difficulty affording household expenses, and a little more than 25 million people say they sometimes or often do not have enough to eat, according to the U.S. Census Bureau’s most recent Household Pulse survey data.
Locally, according to a newly released Bureau of Labor Statistics report released on February 1, the Tucson metropolitan area unemployment rate (not seasonally adjusted) dropped slightly from 3.4 percent in November to 3.1 percent in December.
A Department of Commerce statement, released on Thursday, January 26, reported fourth quarter and year-end preliminary findings on the US economy.
Adult-use cannabis sales that voters approved in 2020 hit a new high in the same month, with more than $85.4 million in estimated sales, according to the Arizona Department of Revenue.
Over the last six months, the national unemployment rate has bounced back and forth between 3.5 percent and 3.7 percent. In December, the national unemployment rate dropped to 3.5 percent, down 0.1 percent from the previous month.
Retailers are gearing up for another blockbuster holiday shopping season, but consumers burned by the highest inflation in a generation may have other ideas.
In April, Arizona’s unemployment rate dropped to 3.2 percent, the state’s lowest recorded rate since the Bureau of Labor Statistics (BLS) began collecting this data in 1976.