jobs

Arizona unemployment continues to drop

Arizona’s unemployment rate has dropped for the third straight month, falling to 7.8 percent as the economy added jobs in nearly all sectors.

The October unemployment rate was 8.1 percent.

Department of Administration economists report that the state’s economy added 22,700 jobs in November, the largest November gain since 2005.

Nine economic sectors added jobs in November, while one sector — construction— lost jobs. The natural resources and mining sector was flat.

The biggest gain was recorded in the trade, transportation and utilities sector, with 12,800 additional jobs.

Gov. Jan Brewer is hailing the report, saying it provide reasons for optimism.

Brewer notes that the state’s unemployment is now 3.4 percentage points below its peak in January 2010.

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AZ Business Magazine

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Over the past two-and-a-half decades, Arizona Business Magazine has grown to encompass not just Arizona Business Magazine, but also a whole host of other publications and signature events. Arizona Business Magazine is the state’s leading monthly business publication. Published by AZ Big Media, the magazine covers a wide-range of topics focusing on the Arizona business scene, and is aimed at high-level corporate executives and business owners.