And we don’t know when we will have that again.". Or are supply chains being disrupted and distribution slowing down because there are kinks in the supply chain?". But the rooms that were rented the week of March 15-21 had an average daily rate of $131, compared with $205 a year ago, according to STR.
"We are taking proactive steps to preserve jobs, including shortening or staggering work schedules to match production volumes with demand.". It is the sixth largest state in the country and was the last of the 48 conterminous states to be admitted to the union (1912). About 340,000 people, or about 13% of the state's private-sector workforce, have jobs in food service, hotels/motels and arts/entertainment and recreation, all of which rely heavily on an influx of visitors. Blue Alert issued in Phoenix: What does it mean? By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. Construction employs about 175,000 people in the state, or about 7% of … All rights reserved. Normally they would be 80-90% full this time of year, according to STR data. Before the widespread business shutdowns, canceled flights, closed hotels, empty ballparks and other fallout from coronavirus, Arizona had one of the strongest state economies in the nation. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms.
"The unemployment rate was like 3.2% in 1929 and then it rose to more than 10% and then went to more than 20% for about five years after that," Fishback said. Now the jobless rate is expected to rise beyond 15% by July, according to research released Wednesday by the Economic Policy Institute, a national nonprofit focused on low- and middle-income workers. The state's per capita income is $40,828, ranking 39th in the U.S. There was a problem saving your notification. "We do not take these actions lightly because we know they will impact our valued employees, but we are acting to keep rather than eliminate jobs," the company said. President Donald Trump declared an emergency on March 13, and it had an immediate impact on leisure travel to Arizona. About 40% of the state's private-sector workforce is employed by small businesses, and that is a major area of concern because many of those are retail and food services most directly affected by the shutdowns. 1 in the nation in growth in trucking jobs last year, and the pandemic has yet to affect that industry. The pandemic has brought an abrupt end to the state's 112 consecutive months of job growth, though the economic engine isn't entirely switched off.
"In several instances around the world, we have closed manufacturing sites to protect our employees during peak virus outbreaks," the company said in a statement to The Republic. This leaves hundreds of thousands of Arizonans to survive on the state's unemployment benefit of $240 a week, which is the country's second-lowest payment. In the cooler months of the year, tourism is a major driver of the state's economy, but it was the first sector hit by the emergency.
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