Phoenix Generates Jobs
May 22nd, 2019 06:51:00 am
From the May 20, 2019 Elliott D. Pollack & company Monday Morning Quarterback:
- Arizona gained 12,500 nonfarm jobs over the month in April. This is higher than the historical 10-year average gain of 6,800 jobs. Over the last year, the state has gained 78,900 jobs. That's a growth rate of 2.8%. Year-to-date through April, the state has gained 74,800 jobs (2.6% growth).
- The state's seasonally adjusted unemployment rate ticked down from 5.0% in March to 4.9% in April. During the month, the national unemployment rate declined to 3.6%. The Greater Phoenix unemployment rate drop to 3.7%.
- Greater Phoenix grew by 68,000 jobs compared to a year ago in April. That's a 3.2% growth rate. Year-to-date, the area grew by 63,700 jobs or 3.0%. In percentage terms, the big gainers were construction, manufacturing, educational and health services as well as professional and business services.
- In Greater Tucson, jobs grew by 1.8% compared to a year ago. That's 7,000 jobs. Year-to-date, the Old Pueblo grew by 6,000 jobs or 1.6%.