High-Frequency Update: 7-13-25
Arizona new business applications up in June
Arizona initial claims for unemployment insurance ticked up to 3,332 for the week ended July 5, up from 3,310 the prior week. That was down 24.7% over the year and down 24.5% from 2019.
U.S. initial claims for unemployment insurance rose to 240,802 for the week ended July 5, up from 230,798 the prior week. That was down 0.6% over the year but up 3.8% from 2019.
The U.S. hotel occupancy rate dropped to 61.1% for the week ended July 5, down from 71.9% the prior week. That was down 0.3% over the year and down 6.4% from 2019.
U.S. movie box office sales dropped to $238.9 million for the week ended July 10, down from $251.8 million the prior week. That was down 1.6% over the year and down 15.1% from 2019. New movie releases were down 46.9% from 2019.
U.S. TSA traveler throughput fell to 18.4 million for the week ended July 5, down from 19.7 million the prior week. That was up 1.2% over the year and up 10.8% from 2019.
Weekly data on Arizona new business applications continue to be published by the Census Bureau, but only on a monthly basis. In June, weekly new business applications ranged from 650 to 970. Overall, applications were up significantly over the year in June.
Data on seated diners at restaurants using the OpenTable app is no longer being updated to compare the current week to 2019 results.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.
Key News Articles and Research (subscription may be required)
Curated by Valorie Rice, Senior Business Information Specialist
Arizona and general topics: Arizona agencies face job losses, funding cuts due to DOGE program cuts (PBJ 6/26)
Automation / AI: Why robots will displace managers – and create other jobs (MIT Sloan MR 6/25)
Demographic / socioeconomic / Census: Older adults outnumber children in 11 states and nearly half of U.S. counties (Census 6/26)
Economy: Intel layoffs signal more weakness in Arizona job market (AR 7/9)
Education / early childhood development: Arizona leads nation in crowded classrooms (DI 6/28)
Energy / environment / infrastructure: Arizona water chief: release Colorado River water based on what’s there (AD 7/5)
Housing / real estate: Why has the number of FHA mortgage delinquencies increased? (Urban Inst 7/10)
Commercial real estate: Commercial real estate debt distress lingers as office delinquency rate hits new record (PBJ 7/2)
Mexico/trade: Arizona semiconductor exports to Mexico near $1 billion amid closer ties to US chip sector (PBJ 6/26)
Prices/inflation: Is demand or supply more important for inflation? (FRBSF 6/23)
Public finance: States face hard choices as budgets expected to tighten (Stateline 6/30)
Wages/income/wealth: Mapped: The income a family needs to be middle class, by state (Visual Capitalist 7/2)
Workforce/employment/labor market: Family care, health issues remain top workforce barriers (FRBSL 7/1)