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Economists: Arizona to regain all jobs lost in the pandemic in 2021
Jim Poulin - Phoenix Business Journal
By: Corina Vanek - Phoenix Business Journal
Posted at 8:49 AM, May 14, 2021
and last updated 2021-05-14 15:28:35-04
PHOENIX â This year, Arizona is expected to add 116,900 new jobs, which will put the state ahead of where it was for total jobs before the Covid-19 pandemic, experts said at the annual economic forecast event held by the Economic Club of Phoenix, a unit of the W. P. Carey School of Business at Arizona State University.
âOur current recession started in April 2020, we lost over 331,000 jobs,â Lee McPheters, research professor of economics at ASU and director of the schoolâs JPMorgan Chase Economic Outlook Center, said. âBut weâve already recovered over two-thirds of those.â