Employment Report
Total Nonfarm Employment Increased by 69,600 Jobs Year Over Year in March 2024
Arizona Unemployment Decreased to 3.8%
The Full Release
The following links provide access to the full press release:
Overview
The Arizona seasonally adjusted (SA) unemployment rate decreased to 3.8% in March 2024 from 4.1% in February 2024. The U.S. SA unemployment rate decreased to 3.8% in March 2024 from 3.9% in February 2024.
Month over month, Arizona’s SA labor force increased by 2,865 individuals, or 0.1%. Year over year, the SA labor force increased by 74,982 individuals, or 2.0%.
Month Over Month Highlights
Month over month, from February 2024 to March 2024, Arizona not-seasonally adjusted (NSA) nonfarm employment increased by 1,900 jobs (0.1%).
Arizona's 11 supersectors recorded the following job changes:
- Leisure & Hospitality (1,700 jobs)
- Trade, Transportation & Utilities (1,400 jobs)
- Private Education & Health Services (1,200 jobs)
- Government (800 jobs)
- Natural Resources & Mining (200 jobs)
- Other Services (100 jobs)
- Financial Activities (-1,700 jobs)
- Manufacturing (-800 jobs)
- Information (-400 jobs)
- Construction (-300 jobs)
- Professional & Business Services (-300 jobs)
Year Over Year Highlights
Year over year, from March 2023 to March 2024, Arizona NSA nonfarm employment increased by 69,600 jobs (2.2%).
Arizona's 11 supersectors recorded the following job changes:
- Private Education & Health Services (34,800 jobs)
- Trade, Transportation & Utilities (18,300 jobs)
- Government (13,600 jobs)
- Construction (8,200 jobs)
- Professional & Business Services (3,700 jobs)
- Other Services (1,400 jobs)
- Natural Resources & Mining (1,400 jobs)
- Leisure & Hospitality (-4,000 jobs)
- Financial Activities (-3,700 jobs)
- Information (-2,900 jobs)
- Manufacturing (-1,200 jobs)
The next press release is scheduled for May 16, 2024.