Overall unemployment rate moved up to 3.4% with the biggest shift in Government, which lost 20,900 roles, based on the most recently available information published in August 2022.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market declined by 4,822 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.4%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 44 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 6.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Transportation & Utilities: 452,500; +1,100
- Business Services: 379,700; +2,400
- Education & Healthcare: 357,100; -1,500
- Restaurants & Hotels: 230,700; -1,300
- Government: 218,300; -20,900
- Financial Services: 214,700; +2,000
- Construction, Mining: 147,100; +2,700
- Manufacturing: 145,200; +1,800
- Other Jobs: 70,600; -1,100
- IT & Development: 43,300; +500
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.