economy to achieve a “soft landing” and avoid recession this year and next. Housing affordability, however, has dropped precipitously from pre-pandemic levels. Phoenix inflation, although it remained above the nation, decelerated significantly, thanks to slower gains in house prices and outright price declines in commodities. Arizona jobs were essentially back on their pre-pandemic trend, if we take that trend to be EBRC forecasts generated just before the pandemic began. Jobs, wages, and sales all increased, although at a somewhat slower pace than earlier in the pandemic recovery, and the unemployment rate remained very low. The Arizona economy continued to churn out solid gains through the first half of 2023. Hammond, Ph.D., Director and Research Professor, EBRC Census Bureau American Community Survey (ACS) five-year estimates.By George W. Population profile information is gathered from the U.S. Population growth rate data are computed from population levels reported by the Arizona Office of Economic Opportunity and the Census Bureau's Population Estimates Program (PEP). Following 2010, the population has increased annually in Tucson ranging from 0.2% to 1.3% growth. At the end of the 2007 – 2008 recession, Tucson posted negative population growth. Tucson and Arizona posted wide fluctuations in population growth between 20 with a high of 2.8% in Tucson and 3.5% in Arizona. Nationally, population growth increased to 0.4% in 2022. population growth of 0.2% in 2021 was the slowest rate in over twenty years. Nationally, population growth remained near 1.0% until 2010, when it slowly began to decline. The Tucson MSA and the state of Arizona have seen more volatility in their population growth rates than the U.S. The Black and Asian populations in Tucson were also lower than national rates. Conversely, Tucson had a slightly lower percentage of those identifying as white, non-Hispanic than Arizona or the nation. Further, Tucson’s Hispanic or Latino population was significantly higher than the national rate of 18.4%. In 2021, the Tucson MSA had a larger percentage of Hispanic or Latino residents at 38.0% than the state at 31.9%. Young people, ages 0-19, made up the second-largest share of the population in Tucson and the state, comprising 23.9% of the population in Tucson and 25.6% in Arizona. In 2021, the 20-44 year age bracket posted the largest population share for the Tucson MSA, the state of Arizona, and the nation at 33.0%, 32.9%, and 33.2%, respectively. The 65 and older age bracket posted the smallest share in all three, with slightly higher rates in Tucson and Arizona, reflecting a large number of retirees in the state. For example, federal apportionments for highways are largely based on metropolitan population levels and expected growth within urbanized areas. The population is a carefully monitored statistic levels and growth rates are the basis for a myriad of public decisions related to infrastructure and community planning. Additionally, new growth leads to increased demand for housing, goods, services, and infrastructure, which can spur regional economic development. Higher population growth rates can be due to increases in employment, the quality of local services, schools, and leisure opportunities. Population growth is an important measure of community growth, reflecting both net migration and natural increase (births minus deaths). Tucson’s population growth has steadily increased since 2010. Austin posted the fastest growth rate at 2.7%, while Portland's population decreased by 0.4%. This growth rate ranked Tucson fourth out of 12 western MSAs. The population in the Tucson Metropolitan Statistical Area (MSA) increased by 1.3% in 2022, bringing the total population to 1,072,298 residents. Examine Population Data in Tucson, Arizona MSA
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