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Arizona’s November jobs report shows gains in the labor force but a slight increase in the unemployment rate.
A reported 12,851 people were added to the labor force and 11,500 seasonally adjusted nonfarm jobs were added month-over-month. Year-over-year, total nonfarm employment has gone up by 60,000 jobs, 47,000 of which were in the private sector.
For month-over-month employment gains in specific sectors, the biggest gaining sector was trade, transportation, and utilities, which added 16,600 jobs, according to the report. The professional and business services sector gained 9,100 jobs, and the construction sector gained 3,300 jobs.
Gov. Katie Hobbs touted the November numbers, which are reflective of the economic growth in the state.
“Our economy is soaring,” Hobbs tweeted Wednesday. “In November, 11,500 jobs were created while 12,851 people joined the workforce. Because we’ve attracted world-class investments & built pipelines to good-paying jobs – Arizona is becoming the best place to work & do business.”
When it comes to year-over-year employment gains, private education and health services gained 21,800 jobs and government added 13,000 jobs.
“Another year of unprecedented economic growth. Thank you [Gov. Hobbs] and all our partners statewide. Looking forward to keeping our momentum going in 2024!” Arizona Commerce Authority President and CEO Sandra Watson tweeted.
The unemployment rate is at 4.3%, which is up from 4.2% in October. This is higher than the national average of 3.7%.
Arizona continues to grow rapidly compared to other states, based on the U.S. Census Bureau data that The Center Square recently reported.
A variety of companies, especially in the semiconductor and technology industries, continue to bring business to the state as well. In order to develop in-state talent off the job demand, the state government has been attempting to recruit aspiring skilled workers through apprenticeship programs, The Center Square reported.
1 thought on “Arizona adds 60,000 jobs year-over-year in November, mostly in private sector – The Center Square”
This report shows that nonfarm employment has gone up by 60,000 jobs of which 47,000 were in the private sector. This means that … let’s see … 60,000 minus 47,000 is 13,000 … so 13,000 jobs were created by the government which comes out to … 13,000 divided by 60,000 is approximately 0.22 … so a whopping twenty-two percent of the jobs created were in the government sector. So, we will have 13,000 new “workers” feeding at the taxpayer trough while 47,000 people with real jobs will start paying taxes to pay for this ever-expanding government payroll.
It must be nice to run a business where you don’t have to worry about actually turning a profit to remain viable.
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