The State of Arizona's August 2012 unemployment rate was unchanged for the month at 8.3%. There were roughly 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 people to approximately 2.75 million. However, this number was mostly offset by a subsequent drop of 2,400 in the total civilian workforce. Taken together, these numbers result in the static unemployment rate for Arizona in August.
If we contrast to a year ago in August 2011, we see that the current 8.3% rate is still considerably better than the year-ago rate of 9.5%. The effect of the big drop was around 37,500 fewer unemployed individuals in Arizona in August 2012 vs. August 2011. Moreover, during that time frame there were about 19,000 more employed workers in the state. Additionally, while the recent trend for many states has been up in recent months, Arizona's unemployment rate has mostly dropped for 2012. Compared to the national average Arizona's August 8.3% rate is just moderately (0.2%) above the U.S. average.
The business sector employment statistics are another way to review the employment results for AZ. In August, these numbers were mainly negative. Among those down in August were Leisure & Hospitality, Mining & Logging, Construction, Manufacturing, Education & Health Services, and Government. Those that did experience up numbers were Trade Transportation & Utilities, Financial Activities, and Professional & Business Services. The Arizona business sector with the greatest (percentage) gain during the past 12 months was Construction (+6.7%). The AZ business sector with the largest 12 month decline was Other Services (-1.8%). The industry with the most employed continues to be Trade Transportation and Utilities with about 485,400.
In comparison to other States in the area, Arizona's August 2012 unemployment rate is about average. Higher than Arizona in August 2012 are the States of California (10.6%) and Nevada (12.1% - still one of the highest in the nation). State's with lower unemployment rates include Colorado (8.2%), New Mexico (6.5%), Utah (5.8%), and Wyoming (5.7%).
In a few weeks the employment statistics for Arizona for September 2012 will be available. Once they are we'll review the statistics and look at the trends for the State. Please understand that formerly released employment statistics might be changed in the future.
If we contrast to a year ago in August 2011, we see that the current 8.3% rate is still considerably better than the year-ago rate of 9.5%. The effect of the big drop was around 37,500 fewer unemployed individuals in Arizona in August 2012 vs. August 2011. Moreover, during that time frame there were about 19,000 more employed workers in the state. Additionally, while the recent trend for many states has been up in recent months, Arizona's unemployment rate has mostly dropped for 2012. Compared to the national average Arizona's August 8.3% rate is just moderately (0.2%) above the U.S. average.
The business sector employment statistics are another way to review the employment results for AZ. In August, these numbers were mainly negative. Among those down in August were Leisure & Hospitality, Mining & Logging, Construction, Manufacturing, Education & Health Services, and Government. Those that did experience up numbers were Trade Transportation & Utilities, Financial Activities, and Professional & Business Services. The Arizona business sector with the greatest (percentage) gain during the past 12 months was Construction (+6.7%). The AZ business sector with the largest 12 month decline was Other Services (-1.8%). The industry with the most employed continues to be Trade Transportation and Utilities with about 485,400.
In comparison to other States in the area, Arizona's August 2012 unemployment rate is about average. Higher than Arizona in August 2012 are the States of California (10.6%) and Nevada (12.1% - still one of the highest in the nation). State's with lower unemployment rates include Colorado (8.2%), New Mexico (6.5%), Utah (5.8%), and Wyoming (5.7%).
In a few weeks the employment statistics for Arizona for September 2012 will be available. Once they are we'll review the statistics and look at the trends for the State. Please understand that formerly released employment statistics might be changed in the future.
0 komentar:
Post a Comment