The unemployment rate in the Phoenix metro area is catching up with national norms. Still, its resiliency remains remarkable, given the real estate depression we have experienced and the extent to which it is commonly thought that the local economy is dependent on real estate.
There are 26 metro areas in the country with more than two million people (excluding Washington, D.C.). The average unemployment rate among the rest of them is 10.2 percent. The Phoenix metro rate is 8.7 percent. More...
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