Overall unemployment rate stayed flat at 3.5% with the biggest shift in Transportation & Utilities, which gained 5,900 roles, based on the most recently available information published in December 2022.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market rose by 2,637 jobs in October and the unemployment rate stayed flat. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 10 bps above the national rate which is a negative sign.
- Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in October versus prior month by 5.5% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 463,000; +5,900
- Business Services: 391,500; +4,200
- Education & Healthcare: 372,800; +3,700
- Government: 248,900; +1,300
- Restaurants & Hotels: 238,400; +5,800
- Financial Services: 216,300; +1,900
- Construction, Mining: 151,200; +700
- Manufacturing: 150,200; +300
- Other Jobs: 72,500; +1,900
- IT & Development: 42,300; -500
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.