Arizona's May 2012 unemployment rate was reported by the U.S. Department of Labor at 8.2%. This is the same rate as May 2012 and continues a pattern in Arizona of no monthly rate increases in 2012. However, though the rate remained the same the actual number of unemployed workers did (slightly) increase for the month as did the number of employed people and the number in the total civilian workforce for Arizona.
If we compare to 1 year ago the current 8.2% unemployment rate is significantly better than the May 2011 rate of 9.6%. The 1.4% yearly improvement resulted in almost 44,000 fewer unemployed workers in AZ. Also, compared to a year ago, the number of employed people in Arizona has also increased by over 23,000 while the total civilian workforce has decreased by around 20,000. The combination of these numbers arrives at our (dramatic) 1.4% decrease in the AZ unemployment rate over the past year.
The unemployment rate for the nation as a whole in May 2012 matches Arizona at 8.2%. The one (small) difference, however, is while Arizona's rate stayed unchanged from May 2012 the U.S. average ticked up slightly (0.1%) for May.
Arizona's business sectors that experienced positive employment numbers for May 2012 included Construction, Professional and Business Services, Mining & Logging, Financial Activities, and Manufacturing. Additionally, some sectors's employment numbers decreased including Leisure & Hospitality, Other Services, and Information.
Though Arizona's May 2012 unemployment rate remained flat, all the Arizona cities reported on by the DOL experienced higher unemployment rates for May (over April). The City of Phoenix's unemployment rate rose to 7.2% for the month. The City of Prescott AZ also for May rose to 8.5%. Lake Havasu City broke it's 2012 downward patter by increasing from 8.8% (April) to 9.5% (May). The Flagstaff area rose from 7.3% to 7.7% for May. The city of Tuscon also rose from 6.6% to 7.2%. On the (very) high end, the City of Yuma, already with the worst metropolitan area unemployment rate in Arizona saw it's April rate of 26% for April rise to 28.9% for May 2012.
Compared to other states in the region, Arizona's 8.2% rate continues to be around the middle. On the high-side, both Nevada (10.6%) and California (10.8%) continue to experience much higher unemployment rates than AZ. On the lower side, the States of New Mexico (6.7%), Utah (6.0%), and Colorado (8.1%) all have lower unemployment rates.
In about a month we'll revisit Arizona when the June unemployment statistics are published. We'll once again review the numbers for Arizona's cities, business sectors, and place in the region, as well as observe overall trends for the state. Be aware that previously published unemployment numbers from the DOL may be updated that a later date.
If we compare to 1 year ago the current 8.2% unemployment rate is significantly better than the May 2011 rate of 9.6%. The 1.4% yearly improvement resulted in almost 44,000 fewer unemployed workers in AZ. Also, compared to a year ago, the number of employed people in Arizona has also increased by over 23,000 while the total civilian workforce has decreased by around 20,000. The combination of these numbers arrives at our (dramatic) 1.4% decrease in the AZ unemployment rate over the past year.
The unemployment rate for the nation as a whole in May 2012 matches Arizona at 8.2%. The one (small) difference, however, is while Arizona's rate stayed unchanged from May 2012 the U.S. average ticked up slightly (0.1%) for May.
Arizona's business sectors that experienced positive employment numbers for May 2012 included Construction, Professional and Business Services, Mining & Logging, Financial Activities, and Manufacturing. Additionally, some sectors's employment numbers decreased including Leisure & Hospitality, Other Services, and Information.
Though Arizona's May 2012 unemployment rate remained flat, all the Arizona cities reported on by the DOL experienced higher unemployment rates for May (over April). The City of Phoenix's unemployment rate rose to 7.2% for the month. The City of Prescott AZ also for May rose to 8.5%. Lake Havasu City broke it's 2012 downward patter by increasing from 8.8% (April) to 9.5% (May). The Flagstaff area rose from 7.3% to 7.7% for May. The city of Tuscon also rose from 6.6% to 7.2%. On the (very) high end, the City of Yuma, already with the worst metropolitan area unemployment rate in Arizona saw it's April rate of 26% for April rise to 28.9% for May 2012.
Compared to other states in the region, Arizona's 8.2% rate continues to be around the middle. On the high-side, both Nevada (10.6%) and California (10.8%) continue to experience much higher unemployment rates than AZ. On the lower side, the States of New Mexico (6.7%), Utah (6.0%), and Colorado (8.1%) all have lower unemployment rates.
In about a month we'll revisit Arizona when the June unemployment statistics are published. We'll once again review the numbers for Arizona's cities, business sectors, and place in the region, as well as observe overall trends for the state. Be aware that previously published unemployment numbers from the DOL may be updated that a later date.
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If you're unemployed in Arizona and need assistance, please visit the Arizona Unemployment HQ.
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