ARIZONA NEWS

Arizona adds 80,000 new jobs as economy slowly bounces back

Sep 23, 2020, 5:00 PM
(Screenshot)...
(Screenshot)
(Screenshot)

PHOENIX – Nearly 80,000 jobs have been added in Arizona in the past month after the coronavirus pandemic upended the economy.

“We’ve already regained more than half the jobs we lost, and the job gains have basically been in the places where jobs were lost: leisure and hospitality,” Valley economist Elliot Pollack said Wednesday on KTAR News 92.3 FM’s Arizona’s Morning News.

“Basically the service industries are the ones who were hurt and service industries are where the jobs are being regained. So we’re doing pretty well.”

Greater Phoenix has been ranked as the No. 1 performing major employment market in the U.S. through the first eight months of 2020. In August, the unemployment rate in Arizona dropped from 10.7% to 5.9%, falling below the national rate of 8.3%.

Total jobs in metro Phoenix are still more than 77,000 fewer than a year ago, according to the City of Phoenix’s Community and Economic Development Department. However, it’s a large recovery from the 164,000 Valley jobs lost in April 2020.

Pollack attributed the decrease in unemployment not only to the increase in jobs, but to a decrease of people in the labor force. He also stated that as things begin to open up again, we can expect to see a “burst in spending” from people who have saved and haven’t had a place to spend money during the pandemic.

“It’ll probably be 2022 before we get back to where we were at the peak,” Pollack said. “It’s also going to be erratic, but again considering we don’t have a vaccine, we don’t have therapeutics and the COVID sticks its head up now and then in places we don’t expect, we’re doing pretty well.

“The economy will pull through but it’s going to be slow.”

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Getty Images Photo/Roberto Machado Noa)...
KTAR.com

Police investigate death of 45-year-old woman shot in Phoenix

Police are investigating the death of a woman who died from a gunshot wound in Phoenix Friday night.
17 hours ago
FILE - In this Wednesday, May 27, 2020 file photo, Medical personnel adjust their personal protecti...
KTAR.com

Arizona reports 2,482 new COVID-19 cases, 9 more deaths Saturday

Arizona health officials on Saturday reported 2,482 new COVID-19 cases and nine additional deaths from the disease.
17 hours ago
(Facebook Photo/Phoenix Police Department)...
KTAR.com

Woman dies after being struck by vehicle in Phoenix

An adult woman was killed after getting struck by a vehicle near the intersection of East McDowell Road and North 26th Street in Phoenix on Friday night.
17 hours ago
(Facebook photo/City of Phoenix, AZ USA)...
KTAR.com

Phoenix adopts roadmap to cut emissions, reach net-zero goal by 2050

The city of Phoenix Tuesday approved a climate action plan with the goal of reaching net-zero by 2050 while also reducing 50% of emissions by 2030. 
17 hours ago
(Facebook photo/Special Olympics Arizona)...
KTAR.com

Special Olympics Arizona to kick off fall games next weekend

More than 1,000 Special Olympics athletes across the state will head to the Valley next weekend to compete in the 2021 Fall Games presented by Casino Arizona.
17 hours ago
(Facebook photo/Holiday Light Experience - Salt River Fields)...
KTAR.com

Tickets for Holiday Light Experience at Salt River Fields go on sale

People can begin buying their tickets now to the Holiday Light Experience at Salt River Fields in Scottsdale which is set to get underway in November.
17 hours ago

Sponsored Articles

...
DISC DESERT INSTITUTE FOR SPINE CARE

What you need to know about spine health

With 540 million people suffering from lower back pain, it remains the leading cause of long-term disability. That’s why World Spine Day on Oct. 16 will raise awareness about spinal health with its theme, BACK2BACK. “BACK2BACK will focus on highlighting ways in which people can help their spines by staying mobile, avoiding physical inactivity, not overloading […]
...
Day & Night Air Conditioning, Heating and Plumbing

Why fall maintenance is important for your heating system and A/C

It’s easy to ignore your heater and air conditioner when they’re working but the moment something breaks, you will likely regret not keeping up with maintenance. After all, if something goes wrong, you may be stuck with a repair that will take longer and be more expensive than simple maintenance.
...
PNC Bank

How one organization supports early childhood literacy for the most vulnerable

Nearly two out of every three children in low-income communities don’t own a single children’s book, a fact that ultimately could have profound impacts even before entering kindergarten, according to Arizona nonprofit Southwest Human Development.
Arizona adds 80,000 new jobs as economy slowly bounces back