By Roland Murphy for Arizona Builder’s Exchange
Arizona’s seasonally adjusted unemployment rate fell again in October to 4.5 percent, down from 4.7 percent in September, according to the latest report published by the Arizona Office of Economic Opportunity.
The national rate dropped to 4.1 percent, down from to 4.2 in September.
The state had a net gain of 18,700 non-farm jobs over the month. Most of the gains came in Professional & Business Services, which added 6,000. Eight of the 11 sectors tracked reported gains. Both Construction and Natural Resources & Mining remained unchanged for the month, and Other Services lost 300.
Construction maintains a net gain of 3,000 for the year. Total Arizona Construction jobs for the year-to-date stand at 140,500.
The Construction sector features three major segments: Buildings, Heavy, and Specialty Trades. There are currently 25,400 jobs in Buildings, down 100 from September and down 1,400 from October of last year. Heavy Construction is up 200 for the month with a total of 16,800, up 800 from last October. Specialty Trades went down 100 last month to 98,300, and the segment has increased 3,600 over the year.
Construction jobs in the Phoenix Metro Area (Phoenix-Mesa-Scottsdale) were unchanged over the month, for a total of 111,200. The October 2016 number was 107,300.
In Metro Tucson construction job numbers were also unchanged at 14,800, which is down 400 from last October.
Yuma, Flagstaff, Prescott, Lake Havasu City-Kingman and Sierra Vista-Douglas combine Construction and Natural Resources jobs in reporting their job sector totals. Yuma and Flagstaff each gained 100, for totals of 2,300 and 2,600, respectively. Prescott was unchanged at 5,100, as were Lake Havasu City-Kingman, with 2,500, and Sierra Vista-Douglas, with 1,300.