The longest economic expansion in history crashed into recession this spring because of the COVID-19 pandemic. Unemployment skyrocketed to Depression-era levels before recovering...some. Industries such as airlines, hotels, tourism, restaurants, and brick-and-mortar retailers were savaged.
I've written about this extensively in my Seattle Times columns. But let's narrow the lens to Arizona and Phoenix with help from the invaluable data collected by the Federal Reserve Bank of St. Louis (FRED). Click on the chart for a larger view.
Unemployment:
Population growth (by numbers and year-over-year percentage change: