Overall unemployment rate stayed flat at 2.9% with the biggest shift in Business Services, which gained 4,100 roles, based on the most recently available information published in June 2023.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market declined by 12,208 jobs in April and the unemployment rate stayed flat. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 20 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 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 4.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 451,400; -500
- Business Services: 397,000; +4,100
- Education & Healthcare: 382,400; +2,400
- Government: 250,400; +1,800
- Restaurants & Hotels: 247,100; +2,800
- Financial Services: 217,500; -1,300
- Construction, Mining: 161,400; +700
- Manufacturing: 149,400; -800
- Other Jobs: 69,600; -1,000
- IT & Development: 42,400; -200
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.