Thousands of Jobs Created in Arizona during March 2016
by Cassie McKee
The state of Arizona added 12,200 jobs in March. Of those, 7,300 jobs were in leisure and hospitality, more than all other sectors combined, according to the Arizona Department of Administration.
Education and health services, construction, and financial activities added a combined 5,900 jobs over the past month. Eight of the 11 major sectors added jobs.
Arizona added 84,300 nonfarm jobs year over year in March, setting a new record for the size of the state’s workforce compared to the pre-recession peak in October 2007.
The private sector actually added 86,000 jobs over the past 12 months, but the public sector workforce declined by 1,700 compared to March 2015.The job numbers are seasonally adjusted an all from the Arizona Department of Administration.
The state’s unemployment rate dropped to 5.4 percent in March while the national rate rose to 5 percent for the month. The conventional unemployment rate is based on the number of people currently out of work and actively seeking jobs. This is referred to as the U-3 unemployment rate and is the most cited and quoted measure.
Arizona’s U-6 unemployment rate, which includes the long-term unemployed, discouraged and involuntary part-time workers dropped to 12.8 percent for 2015's annual average from 13.6 percent at the end of October, according to the U.S. Bureau of Labor Statistics.
Arizona seasonally-adjusted nonfarm employment is approaching the 3-million-worker milestone, standing at 2.7 million in March.
The Valley increased its workforce by 3.7 percent over 2016, but the Prescott area was up 4.5 percent over last year. The state workforce increased 3.2 percent. Tucson increased 3.1 percent, and Sierra Vista-Douglas metro workforce declined by 1.4 percent.
Last updated 4/27/2016