By admin 
PHOENIX — For the past few years, more businesses in Arizona have shrunk or closed than grew or opened. The only other times that’s happened?
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Recessions.
Last year, the payrolls of almost 43,000 Arizona businesses either shrank or stopped altogether. Meanwhile, almost 42,000 businesses either opened or hired more employees — a difference of about 1,000 businesses.
That’s 2% more businesses shedding employees in Arizona. The state is not alone — job churn is underwater in 41 states, with the widest gaps in Oregon, West Virginia, New York, and Maryland.
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This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.
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