Overall unemployment rate moved up to 2.7% with the biggest shift in Restaurants & Hotels, which gained 4,200 roles, based on the most recently available information published in June 2022.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market declined by 7,753 jobs in April and the unemployment rate increased compared to the prior month by 30 bps to 2.7%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 64 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 5.7% 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: 454,400; -3,500
- Business Services: 379,200; +2,200
- Education & Healthcare: 355,100; +1,300
- Government: 243,900; +1,200
- Restaurants & Hotels: 230,900; +4,200
- Financial Services: 213,300; -100
- Construction, Mining: 144,100; -800
- Manufacturing: 143,500; +2,400
- Other Jobs: 70,600; -100
- IT & Development: 40,800; +1,200
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.