Overall unemployment rate moved down to 3.0% with the biggest shift in Transportation & Utilities, which gained 9,400 roles, based on the most recently available information published in January 2022.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market rose by 9,891 jobs in November and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 36 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in November versus prior month by 6.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 472,200; +9,400
- Business Services: 389,400; +900
- Education & Healthcare: 377,400; +4,500
- Government: 252,500; +3,400
- Restaurants & Hotels: 239,100; +600
- Financial Services: 217,700; +1,500
- Construction, Mining: 152,000; +800
- Manufacturing: 151,100; +700
- Other Jobs: 74,500; +900
- IT & Development: 42,600; -200
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.