Arizona State Profile

Arizona's economic downturn shows signs of steadying, but the unemployment rate is expected to increase into 2010; retail sales hit lowest level in over 5 years; home prices continue to depreciate.

• State job growth fell 7.5% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 9.1% in August 2009; the national average was 9.7%
• Personal income fell 3.3% to $217 billion in Q2 2009 from a year ago.
• Tax revenue fell 26.7% in Q2 2009 from the previous year.
• Exports fell 31.4% to $7.1 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in AZ rose 37% to $64.4 million in Q2 2009 from a year ago.