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Average Nonfarm Proprietors' Income, Inflation-Adjusted Percent Change

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Visualization Notes:

The inflation-adjusted percent change in average nonfarm proprietors’ income is somewhat inconsistent nationally, but declines typically occur during recessions while gains usually occur during expansions. The annual percent change in Arizona has been erratic relative to the national average. Decreases in Arizona from 2007 through 2009 were considerably larger than the national average and the gain in 2010 was subpar. From 2011 through 2013, annual increases in Arizona slightly exceeded the U.S. average.