In 2010, Phoenix and Arizona were stuck in the worst (by most measures) bust since the Great Depression. Unemployment peaked at 10.9% in January statewide and 10.2% in metro Phoenix. Single-family housing starts in the metro area plunged from a monthly peak of 6,000 in 2004 to 854. Construction jobs fell from 183,000 in June 2006 to 81,000 in the summer of 2010. Phoenix was a national epicenter of the housing crash.
It was an eerie time. Freeways that had been clogged with tradesmen's pickup trucks were noticeably empty.
Now, nearly a decade later, the economy has recovered. Metro Phoenix joblessness was 4.1% in October, higher than the 3.6% nationally but still a marked improvement. Building permits clawed out of the 2009 trough but are still at levels of the early 1990s.
Population — the holy of holies worshipped by the local-yokel boosters — bounced back. After falling from 2008 to 2010, it rose by 653,000 by 2018 in the metro area. A much ballyhooed snapshot had the city itself the fastest-growing in the United States from 2017 to 2018. But the percentage rate of change looks to be slower this decade than the 2000s or the record 1990s.
True, the decade doesn't officially end until a year from now. But the "twenties" begin in the popular imagination this New Year's. So let's take stock of the "teens":