The State of Arizona's August 2012 unemployment rate was unchanged for the month at 8.3%. There were approximately 250,000 unemployed people in Arizona in August. This is an increase of only 900 people over July 2012. The number of employed in the State fell for the month by around 3,300 individuals to approximately 2.75 million. However, this number was largely offset by a subsequent fall of 2,400 in the total civilian workforce. Taken collectively, these numbers result in the static unemployment rate for Arizona in August.
A year ago in August 2011 the unemployment rate in Arizona was at 9.5%. The impact of the large rate reduction over the past year was about 37,500 less unemployed people in Arizona. Also, there are about 19,000 more workers employed in the state from 2011 to 2012. Also, while the recent trend for many states in the country has been higher recently, Arizona's unemployment rate has mainly dropped for all of 2012 (with just a few exceptions). Compared to the national average Arizona's August 8.3% rate is just slightly (0.2%) over the U.S. average.
The business sector employment numbers for Arizona in August are primarily unfavorable. Down for the month were Mining & Logging, Construction, Manufacturing, Education & Health Services, Leisure & Hospitality, and Government. A few industries, nonetheless, did see employment gains. These included Trade Transportation & Utilities, Financial Activities, and Professional & Business Services. The business type with the largest percentage gain in the state during the past year was Construction (up 6.7%). The major business sector with the biggest drop in employment during that timeframe was Other Services (down 1.8%). The business type with the most employed continues to be Trade Transportation and Utilities with about 485,400.
If we look at Arizona compared to other States in the areain August 2012, the state's unemployment rate is in the middle. States with higher unemployment rates than Arizona include California (10.6%) and Nevada (12.1%). State's with lower rates that Arizona in August include Colorado (8.2%), New Mexico (6.5%), Utah (5.8%), and Wyoming (5.7%).
When the employment statistics for Arizona for September 2012 are published later this year we'll review the results and look at the trends for the State. Please understand that previously released employment statistics may be modified at a later date.
A year ago in August 2011 the unemployment rate in Arizona was at 9.5%. The impact of the large rate reduction over the past year was about 37,500 less unemployed people in Arizona. Also, there are about 19,000 more workers employed in the state from 2011 to 2012. Also, while the recent trend for many states in the country has been higher recently, Arizona's unemployment rate has mainly dropped for all of 2012 (with just a few exceptions). Compared to the national average Arizona's August 8.3% rate is just slightly (0.2%) over the U.S. average.
The business sector employment numbers for Arizona in August are primarily unfavorable. Down for the month were Mining & Logging, Construction, Manufacturing, Education & Health Services, Leisure & Hospitality, and Government. A few industries, nonetheless, did see employment gains. These included Trade Transportation & Utilities, Financial Activities, and Professional & Business Services. The business type with the largest percentage gain in the state during the past year was Construction (up 6.7%). The major business sector with the biggest drop in employment during that timeframe was Other Services (down 1.8%). The business type with the most employed continues to be Trade Transportation and Utilities with about 485,400.
If we look at Arizona compared to other States in the areain August 2012, the state's unemployment rate is in the middle. States with higher unemployment rates than Arizona include California (10.6%) and Nevada (12.1%). State's with lower rates that Arizona in August include Colorado (8.2%), New Mexico (6.5%), Utah (5.8%), and Wyoming (5.7%).
When the employment statistics for Arizona for September 2012 are published later this year we'll review the results and look at the trends for the State. Please understand that previously released employment statistics may be modified at a later date.
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