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November Employment Report

Employment Report

Arizona Employment Increased by 65,000 Jobs Since October 2023*

Arizona Unemployment Increased to 3.6%

 

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The Full Release

The following links provide access to the full press release:

 

Overview

The Arizona seasonally adjusted (SA) unemployment rate increased to 3.6% in October 2024 from 3.5% in September 2024. The U.S. SA unemployment rate remained at 4.1% in October 2024 from September 2024. 

Month over month, Arizona’s SA labor force decreased by 3,777 individuals, or -0.1%. Year over year, the SA labor force increased by 35,285 individuals, or 0.9%.

 

Month Over Month Highlights

Month over month, from September 2024 to October 2024, Arizona not-seasonally adjusted (NSA) nonfarm employment increased by 24,400 jobs (0.7%).

Arizona's major sectors recorded the following job changes:

  • Leisure & Hospitality (7,700 jobs)
  • Trade, Transportation & Utilities (5,900 jobs)
  • Health Care and Social Assistance (4,800 jobs)
  • Financial Activities (1,800 jobs)
  • Professional & Business Services (1,700 jobs)
  • Construction (1,200 jobs)
  • Government (1,100 jobs)
  • Private Educational Services (900 jobs)
  • Natural Resources & Mining (200 jobs)
  • Information (0 jobs)
  • Manufacturing (-500 jobs)
  • Other Services (-400 jobs)

 

Year Over Year Highlights

Year over year, from October 2023 to October 2024, Arizona NSA nonfarm employment increased by 65,000 jobs (2.0%).

Arizona's major sectors recorded the following job changes:

  • Health Care and Social Assistance (25,000 jobs)
  • Professional & Business Services (10,900 jobs)
  • Trade, Transportation & Utilities (7,100 jobs)
  • Government (5,900 jobs)
  • Financial Activities (5,800 jobs)
  • Private Educational Services (4,100 jobs)
  • Construction (3,500 jobs)
  • Leisure & Hospitality (2,800 jobs)
  • Other Services (2,000 jobs)
  • Natural Resources & Mining (1,200 jobs)
  • Manufacturing (-2,400 jobs)
  • Information (-900 jobs)

 

*Total Nonfarm Employment

The next press release is scheduled for December 19, 2024.