Employment, Year-Over-Year Percent Change
The year-over-year percent change in employment typically is considerably higher in Arizona than the national average, as in 2006. Year-over-year wage and salary employment growth peaked in early 2006 at more than 6 percent in Arizona and barely more than 2 percent nationally. After that, the growth rate fell much more in Arizona than nationally. Employment was lower than one year earlier from February 2008 through October 2010 in Arizona and from May 2008 through August 2010 nationally. The year-over-year percent change in employment was lower in Arizona than the national average from December 2007 through July 2011. From June 2012 through April 2014, Arizona’s annual percent increase averaged 0.6 percentage points higher than the U.S. average, but Arizona’s growth rate fell below the national average from May 2014 through December 2014. The year-over-year gain through June 2015 was 2.1 percent nationally and in Arizona. Estimates for most of 2014 and all of 2015 remain subject to revision.