Special Report
How Arizona's Job Market Has Fared Since Trump Was Elected
Published:
Last Updated:
In an era of economic uncertainty, the U.S. job market remains resilient. After falling to 3.7% in November 2023, the national unemployment rate has been below 4% for 22 consecutive months, the longest streak in over 50 years.
Of course, if history is any guide, much of the economy is subject to boom and bust cycles — and the job market is no exception. In the last seven years — a period that spanned three presidential administrations and included a global pandemic — the average annual unemployment rate in the U.S. has fluctuated between 3.6% and 8.1%, according to the Bureau of Labor Statistics.
These same cyclical patterns are also evident in Arizona, where the job market is supported largely by the professional and scientific and retail trade industries. The annual unemployment rate in the state was 3.8% in 2022, a multi-decade low. However, conditions for job seekers have not always been so favorable.
According to BLS data going back to 2016, the year Donald Trump was elected president, the annual jobless rate has been as high as 7.9% in Arizona.
This is how Arizona’s job market has changed since 2016.
2016: 5.4% unemployment
- Avg. unemployment rate: 5.4% (4.9% nationwide)
- Labor force participation rate: 60.4% (62.8% nationwide)
- Unemployed population in Arizona: 177,617
2017: 4.9% unemployment
- Avg. unemployment rate: 4.9% (4.4% nationwide)
- Labor force participation rate: 60.7% (62.9% nationwide)
- Unemployed population in Arizona: 160,411
2018: 4.7% unemployment
- Avg. unemployment rate: 4.7% (3.9% nationwide)
- Labor force participation rate: 61.2% (62.9% nationwide)
- Unemployed population in Arizona: 159,708
2019: 4.7% unemployment
- Avg. unemployment rate: 4.7% (3.7% nationwide)
- Labor force participation rate: 62.0% (63.1% nationwide)
- Unemployed population in Arizona: 165,058
2020: 7.9% unemployment
- Avg. unemployment rate: 7.9% (8.1% nationwide)
- Labor force participation rate: 61.4% (61.7% nationwide)
- Unemployed population in Arizona: 271,187
2021: 4.9% unemployment
- Avg. unemployment rate: 4.9% (5.3% nationwide)
- Labor force participation rate: 61.3% (61.7% nationwide)
- Unemployed population in Arizona: 178,381
2022: 3.8% unemployment
- Avg. unemployment rate: 3.8% (3.6% nationwide)
- Labor force participation rate: 61.7% (62.2% nationwide)
- Unemployed population in Arizona: 138,128
| Year | Arizona unemployment rate (%) | U.S. unemployment rate (%) | Unemployed population in Arizona |
|---|---|---|---|
| 2016 | 5.4 | 4.9 | 177,617 |
| 2017 | 4.9 | 4.4 | 160,411 |
| 2018 | 4.7 | 3.9 | 159,708 |
| 2019 | 4.7 | 3.7 | 165,058 |
| 2020 | 7.9 | 8.1 | 271,187 |
| 2021 | 4.9 | 5.3 | 178,381 |
| 2022 | 3.8 | 3.6 | 138,128 |
Credit Card Companies Are Doing Something Nuts (Sponsor)
We’ve been writing about ways to make, save, and invest money for over 20 years. But some of the cash back credit card rewards today still make our jaws drop. There are $200 cash bonuses, 3% back on gas and groceries, $0 fees, and even some 5% rewards out there right now. For the average American that could mean hundreds, even thousands of dollars on rewards a year.
Don’t miss out on rewards this good, there is no saying how long they’ll last. Click here to see our top picks.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
