Overall unemployment rate moved up to 6.2% with the biggest shift in Government, which lost 3,500 roles, based on the most recently available information published in June 2021.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market rose by 9,342 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 6.2%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 70 bps above the national rate which is a negative sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 1.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 429,200; +1,300
- Business Services: 364,200; +1,900
- Education & Healthcare: 348,200; -1,000
- Government: 240,100; -3,500
- Restaurants & Hotels: 209,900; +700
- Financial Services: 204,800; +700
- Construction, Mining: 137,300; +1,000
- Manufacturing: 136,000; +600
- Other Jobs: 65,900; -1,200
- IT & Development: 36,600; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.