Northern Arizona is experiencing economic growth, keeping pace with the strong national economy. The region, including cities like Flagstaff, Prescott, and Sedona, is seeing an increase in jobs and wages. The unemployment rate in Flagstaff has dropped to 4%, lower than the national average of 4.7%.
Flagstaff has added 2,300 jobs over the past year, with growth in sectors such as healthcare, education, and manufacturing. Prescott also reported job growth, particularly in the construction industry.
Tourism plays a significant role in the region’s economy, with Sedona being a popular destination for visitors. The tourism industry has created jobs and boosted the local economy.
In addition to job growth, Northern Arizona is also seeing an increase in wages. The median household income in Flagstaff is $55,000, higher than the national average of $53,889. Prescott and Sedona also have median household incomes above the national average.
Overall, the economic outlook for Northern Arizona is positive. The region is benefitting from a strong national economy, with job growth and higher wages contributing to its economic prosperity. As Northern Arizona continues to attract visitors and businesses, its economy is expected to continue thriving.
The residents and businesses in Northern Arizona are hopeful that this economic growth will continue in the coming years, bringing more opportunities and prosperity to the region.
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