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AZ Gains 81K Jobs Over the Year in June

Unemployment Rate Increases to 5.8%

Credit: ADOA-EPS

Source: Arizona Department of Administration

Arizona’s seasonally adjusted unemployment rate increased two-tenths of a percentage point from 5.6% in May to 5.8% in June, according to a report from the Arizona Department of Administration’s office of Employment and Population Statistics.

The U.S. seasonally adjusted unemployment rate increased two-tenths of a percentage point from 4.7% in May to 4.9% in June. A year ago, the Arizona seasonally adjusted rate was 6.0% and the U.S. rate was 5.3%

Over the Month

Arizona lost 39,700 Nonfarm jobs (-1.5%) in June. This was less than the post-recessionary (’10-’15) average loss of 52,400 jobs. The Private Sector gained 1,000 jobs (0.0%). Historically, (’10-’15) the Private Sector averages employment losses of 8,600 jobs in June. Six of the eleven sectors posted gains and five sectors posted losses.

The gains were recorded in Professional and Business Services (3,100 jobs); Construction (2,700 jobs); Manufacturing (1,200 jobs); Financial Activities (1,100 jobs); Information (500 jobs); and Natural Resources and Mining (300 jobs). The losses were recorded in Trade, Transportation, and Utilities (-200 jobs); Other Services (-400 jobs); Education and Health Services (-900 jobs); Leisure and Hospitality (-6,400 jobs); and Government (-40,700 jobs).

Over the Year

Arizona Nonfarm employment grew by 3.2% (81,400 jobs) over the year in June. The Private Sector accounted for all of the June gains, adding 83,000 jobs (3.8%). Government employment declined by 1,600 jobs in June. Eight of the eleven sectors reported job gains, and three sectors reported losses. The sectors with the largest gains included Education and Health Services (21,300 jobs); Professional and Business Services (15,900 jobs); and Trade, Transportation, and Utilities (12,400 jobs).

Additional employment gains were reported in Financial Activities (11,800 jobs); Construction (10,000 jobs); Leisure and Hospitality (7,700 jobs); Information (3,300 jobs); and Manufacturing (2,300 jobs).  Job losses were reported in Other Services (-700 jobs), Natural Resources and Mining (-1,000 jobs), and Government (-1,600 jobs).

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