Overall unemployment rate moved down to 5.8% with the biggest shift in Business Services, which gained 8,300 roles, based on the most recently available information published in September 2021.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market rose by 19,465 jobs in July and the unemployment rate decreased compared to the prior month by 80 bps to 5.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 14 bps above the national rate which is a negative sign.
- Unemployment in the market is 450 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 2.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 439,400; +500
- Business Services: 376,100; +8,300
- Education & Healthcare: 347,500; -1,100
- Government: 216,600; -3,900
- Restaurants & Hotels: 213,500; +400
- Financial Services: 207,600; +2,300
- Construction, Mining: 139,600; +800
- Manufacturing: 136,500; no change
- Other Jobs: 70,000; +1,500
- IT & Development: 37,300; +400
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.