Overall unemployment rate moved up to 3.5% with the biggest shift in Government, which gained 10,500 roles, based on the most recently available information published in November 2022.
Total employment in the Phoenix-Mesa-Scottsdale, AZ market rose by 12,976 jobs in September and the unemployment rate increased compared to the prior month by 10 bps to 3.5%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Phoenix-Mesa-Scottsdale, AZ unemployment rate is 18 bps above the national rate which is a negative 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 September versus prior month by 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 0.9% . Key sectors include:
- Transportation & Utilities: 457,200; -400
- Business Services: 387,000; +3,500
- Education & Healthcare: 369,600; +4,900
- Government: 247,600; +10,500
- Restaurants & Hotels: 232,900; +800
- Financial Services: 215,600; +400
- Manufacturing: 149,700; +900
- Construction, Mining: 149,600; no change
- Other Jobs: 71,200; +2,000
- IT & Development: 42,700; -900
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.