Arizona ranked third-hardest state to find full-time employment
Aug 10, 2014, 2:16 PM | Updated: 6:11 pm
If you’re struggling to find a full-time job at the moment, you’re not alone — at least not according to a list put out by 24wallst.com.
According to the site, Arizona is the third-hardest state to find full-time employment in the United States.
The ranking was compiled based on four major statistics: underemployment rate (16.1 percent), unemployment rate (7.5 percent), GDP growth in 2012-13 (2.8 percent) and labor force growth from 2007-2014 (1.4 percent).
Upon review, the site found that Arizona has the fifth-highest unemployment rate, 15th-lowest GDP growth in 2012-13 and 23rd-lowest labor force growth from 2007-2014.
While housing prices in Arizona improved in 2013 compared to the year before, home values were just 70% what they were in 2007, among the largest declines in the nation. As Kohli explained, Arizona’s construction sector was hit particularly hard as housing prices fell. This has likely not helped the state’s labor market, which has been slow to recover. Arizona’s unemployment rate of 7.5% is one of the highest in the nation. The average weekly wage for those who are employed recently dropped 1.5%, the second-steepest wage decline in the country.
Only California and Nevada were deemed harder states to find full-time jobs than Arizona.
