unemployment rate Archives

August industrial and office property review


ECONOMIC OVERVIEW The Metro Phoenix economy continued to improve adding 55,500 jobs over the past 12 months through March, marking an annualized job growth rate of 3.0%. The unemployment rate declined to 4.8%, the lowest rate since 2008, down 160 basis points (bps) from a year ago and 70 bps lower than the national rate.… Read More →

68-Unit Apartment Community in Mesa Sells for $4M

by in Brokerage | Business News

    Cassidy Turley completed the sale of Country Club Greens, a 68-unit apartment community on 2.4 acres at 350 W. 13th Place in Mesa for $4M. The buyer was Clear Sky Capital CCG L.P. of  Phoenix and the seller was California Bank & Trust. Executive Vice Presidents David Fogler and Steven Nicoluzakis with Cassidy… Read More →

U.S. adds 155,000 jobs in December


U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff. The solid job growth wasn’t enough to reduce the unemployment rate, which remained 7.8 percent last month, the Labor Department said Friday. The rate for November was revised up from an… Read More →

Arizona unemployment rate dips to 8.1 percent


Arizona’s seasonally adjusted unemployment rate is down again, declining to 8.1 percent in October. September’s rate was 8.2 percent, down from 8.3 percent the previous two months. Department of Administration economists say the state gained 11,900 jobs in October. The increase is lower than the 10-average October increase of 16,900 jobs. Both government and private… Read More →

Construction Employment Declines By 1,000 In July As Industry Unemployment Rate Tumbles To 12.3%

Construction Employment

Construction employment declined by 1,000 in July even though the industry’s unemployment rate fell to the lowest level since 2008, according to an analysis of new federal data released today by the Associated General Contractors of America. The sector’s unemployment rate has steadily declined since 2009 as hundreds of thousands of out-of-work construction workers have… Read More →

Salary Budget Survey: Salaries Can’t Keep Up With Inflation

WorldatWork 2011-2010 Salary Budget Survey

WorldatWork’s 2011-2010 Salary Budget Survey – For the first time since 1980 the U.S. rate of inflation is higher than the average salary budget increase. During the 12-month period ending April 2011, the Consumer Price Index was 3.2%. Average pay increases for the same period? 2.8%. Why haven’t pay increases kept up with the rate… Read More →

Arizona’s Unemployment Rate Drops in November

by in Economy

The state’s unemployment rate dropped one-tenth of a percent to 9.4 percent in November, as the economy added 12,800 jobs. The Arizona Commerce Authority (ACA) reports today that the private sector generated 9,300 jobs, while government added 3,500. Traditional holiday hiring boosted the November job gains. Nov. ’10 Oct. ’10 Nov. ’09 United States 9.8%… Read More →

Economic Forecast Calls For Another Year Of Slow Recovery In 2011

Economic forecast
by in Economy | Featured

Arizona’s economic recovery will continue to move at a glacial speed in 2011 — but at least it’s moving. The coming new year will see an increase in job creation, a rise in population and even a modest increase in single-family home permits. However, the consensus among economists at today’s 47th Annual Economic Forecast Luncheon,… Read More →

Arizona’s Unemployment Rate Drops in October 2010

Arizona's Unemployment Rate Drops in October 2010
by in Economy | Featured

The state’s unemployment rate dropped two-tenths of a percent to 9.5 percent in October, as the economy added 27,400 jobs. This is the largest October job gain since 2004. The Arizona Commerce Authority (ACA) reports today that the private sector generated 93 percent of those jobs, or 25,600.  Year-over-year, total non-farm employment was up 1.1… Read More →

Jobs Grow Modestly; State’s Unemployment Rate Is Unchanged

by in Economy | Featured

The state added 16,000 jobs in September, mostly due to the start of the new school year. Despite the modest gains, the Arizona Department of Commerce reported today that the state’s unemployment rate remains at 9.7 percent Sept. 2010 Aug. 2010 Sept. 2009 United States 9.6% 9.6% 9.8% Arizona 9.7% 9.7% 9.4% Year-over-year, total non-farm… Read More →

Arizona’s Unemployment Rate Climbs In August

by in Economy | Workforce

Despite some gains in the governmental sector, the state’s unemployment rate for August rose one-tenth of a percent to 9.7 percent as private sector hiring was flat, according to the Arizona Department of Commerce. Usually, Arizona’s economy generates jobs in August, but last month only 28,000 jobs were created. That was still better than August… Read More →

Nation’s Unemployment Rate Holds Steady

unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August
by in Economy

The nation’s unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August. The U.S. Bureau of Labor Statistics (BLS) reported today that government employment fell as a result of shedding 114,000 temporary workers hired for the Census. Private-sector payroll employment rose by 67,000. “The August jobs report, albeit tepid, does… Read More →

The State’s Economic Forecast For The Rest Of The Year Calls For An Agonizingly Slow Recovery

The State’s Economic Forecast For The Rest Of The Year - AZ Business Magazine Jul/Aug 2010

Ready to heave a sigh of relief over Arizona’s economy? Go ahead — but don’t get carried away. Some observers expect the second half of this year will bring positive signs that the economy is recovering, turning the dial toward even stronger growth in 2011 and 2012. Others aren’t so sure the state’s recession is… Read More →

Thunderbird School Of Global Management Continues To Deliver In-Demand Education


Managers consumed with maximizing short-term profits and the value of their stock options have destroyed billions of dollars in shareholder and taxpayer money. A culture of greed lies at the root of this economic meltdown that has seen banks collapse, markets tank and unemployment rates soar. The aftershocks of this global disaster continue to claim… Read More →