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Employment Remains Below Prerecession Peak

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Employment Remains Below Prerecession Peak

A precipitous decline occurred from the end of 2007 through 2009, with the lowest figure of the economic cycle not occurring until September 2010 at 313,500 (11.7 percent) below the prerecession peak. Since then, employment in Arizona has increased, with a net gain of 242,300 (10.2 percent) over 57 months. However, employment in June 2015 remained 2.7 percent (71,200) lower than the peak of the prior economic cycle 92 months earlier. Only 77 percent of the employment lost during the recession had been made up.