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Arizona Bolsters Jobs Over the Year

Source: RED News Service

Jobs ReportArizona added 84,300 total nonfarm jobs (3.2%) year-over-year in March, setting a new record for the size of the state’s workforce compared to the pre-recession peak in October 2007.

The private sector in Arizona actually added 86,000 jobs (3.9%) over the past 12 months, while the public sector workforce declined by 1,700 compared to March 2015.

The state’s unemployment rate dropped to 5.4% in March while the national rate rose to 5% for the month. The conventional unemployment rate is based on the number of people currently out of work and actively seeking jobs.

Arizona’s U-6 unemployment rate, which includes the long-term unemployed, discouraged and involuntary part-time workers also declined and is at 9.4%, according to the U.S. Bureau of Labor Statistics.

The full report is available online.

Read more at Real Estate Daily News

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