By Valorie Rice, EBRC Senior Business Information Specialist
June bankruptcy data for Arizona was released this week. The number of bankruptcies filed in the state for June was 1,655, a 13% decrease from June of last year and a 10% decrease in year to date filings compared to 2013. The Yuma office (covering La Paz, Mohave and Yuma counties) had the largest year-over-year decline in filings, dropping 25%. The Tucson office was 21.4% lower and Phoenix 9.6% lower. The Tucson office covers Cochise, Graham, Greenlee, Pima, Pinal and Santa Cruz counties, while the Phoenix office represents the remainder of counties.
Initial unemployment claims for Arizona were higher the last week of June at 5,176 after two weeks of fewer claims. The four-week average was lower for a second week in a row at 5,373. The number applying for benefits nationally dropped 11,000 to a seasonally adjusted 304,000. The four-week average dropped to 311,500.
Hands and calculator photo courtesy Shutterstock.