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High-Frequency Update: 7-16-23

July 16, 2023

Arizona new business applications softened last week but remained high

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Third quarter 2020 forecast update webinar

The Arizona Department of Health Services has stopped reporting daily COVID data and now reports it weekly. As of July 12, there have been 2.5 million COVID cases in Arizona, 33,628 COVID-related deaths, and 76.7% of residents have been vaccinated.

Arizona initial claims for unemployment insurance rose for the week ended July 8 to 4,555. That was up from 3,665 the prior week and up 77.2% over the year. Claims were up 3.2% from 2019.

U.S. initial claims for unemployment insurance rose 18.2% over the year to 258,614. They were also up from 251,686 the prior week. Claims were up 11.5% from 2019.

The U.S. hotel occupancy rate dropped to 61.8% for the week ended July 8, down from 69.9% the prior week. That was down 8.2% over the year and down 5.4% from 2019.

U.S. movie box office sales declined to $220.8 million for the week ended July 13, down from $234.3 million the prior week. Sales were down 26.7% over the year and down 21.6% from 2019. New movie releases were down 51.3% from 2019.

U.S. TSA traveler throughput dropped to 16.8 million for the week ended July 8, down from 18.6 million the prior week. That was up 3.3% over the year and up 1.3% from 2019.

Arizona new business applications dropped to 600 for the week ended July 8, down from 780 the prior week. That was down 7.7% over the year.

Data on seated diners at restaurants using the OpenTable app is no longer being updated to compare the current week to 2019 results.

As of October 15, 2022, Google stopped updating mobility data.


Health Indicators

Use your cursor as a tooltip and click on charts to view values. Click on the names of indicators listed at the bottom any chart to switch them on/off to view fewer at one time and make comparisons. Icons allow you to download and share.


The percent of people vaccinated is the number of individuals who have received at least one dose of a COVID-19 vaccination relative to the population of Arizona. The percent of people fully vaccinated is the number of individuals who have received a valid, complete vaccine series relative to the population. Vaccine data are from the Arizona Department of Health Statistics and population is from the U.S. Census Bureau.


This is the total number of doses administered in the state to date. COVID-19 vaccination data are provisional and are subject to change.




Weekly Indicators 



Note: The official initial claims for unemployment insurance numbers for the U.S. are released every Thursday morning covering the week ending on the previous Saturday.






These data show year-over-year seated diners at restaurants on the OpenTable network across all channels: online reservations, phone reservations, and walk-ins. For year-over-year comparisons by day, we compare the week ending Saturday to the same week in the previous year. this dataset is based on a sample of approximately 20,000 restaurants that provide OpenTable with information on all of their inventory. 

 


The U.S. Census Bureau continues to produce weekly estimates; however, the weekly estimate files are published as part of the Monthly Business Formation Statistics (BFS) Release.One key dataset with these estimates is High-Propensity Business Applications, a subset of total weekly business applications in Arizona that measures the number of applications with a high-propensity of turning into a business with a payroll, based on various factors. These data reflect weekly applications for Employer Identification Numbers (EINs) in Arizona which are likely to result in employment and wages. These include applications: (a) from a corporate entity, (b) that indicate they are hiring employees, purchasing a business or changing organizational type, (c) that provide a first wages-paid date (planned wages); or (d) that have a NAICS industry code in manufacturing (31-33), retail stores (44), health care (62), or restaurants/food service (72). Applications for EINs occur before the jobs and wages are added, so this is a leading indicator. Read more about the Business Application dataset from the U.S. Census Bureau.