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Earnings Per Employee, Inflation-Adjusted Percent Change

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Visualization Notes:

The inflation-adjusted percent change in earnings per employee is cyclical, with declines or small gains common during recessions and larger increases usually occurring during expansions. Arizona generally outperforms the nation by a small margin during expansions, but posts larger decreases during recessions. Arizona’s change was negative from 2007 through 2009 and was less than or equal to the U.S. average in each year from 2007 through 2013.