The Arizona job numbers for April are out and they look good. And, it looks like the trend will continue in future months.
When looking at job growth statistics, you want to look at “year-over-year.” This compares the rate of growth during the past month with the same month in 2015. For April, the state grew its employment base by 3.1% year-over-year. Comparing April with March in the same year is useful for very select analyses, but doesn’t paint as clear of a picture. This trend will likely continue into future months and the state should be top five nationally for job growth very soon. Business cycles will continue to exist and a slowdown in economic growth will eventually occur. However, this next time will be more manageable for Arizona residents, businesses, and government entities. Some thoughtful fiscal planning will still be needed though.