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Economic Reports: Arizona Unemployment Rises; Valley Home Prices Stabilizing

Unemployment Rises in ArizonaDespite a modest increase in jobs in February, the state’s unemployment rate rose three-tenths of a percent to 9.5 percent.

According to the Arizona Department of Commerce’s monthly employment report released today, the state’s non-farm work force added 19,900 jobs in February, an increase of eight-tenths of a percent. The number of jobs created in February was about half of what the economy generated in December 2007, before the recession started. Still, the increase this February was a significant improvement over the 5,100 jobs lost during the same month last year.

Among the sectors creating jobs in February were: education (+10,400); government (+9,300); leisure and hospitality (+5,700); manufacturing (+1,300); and construction (+1,300).

Arizona’s Unemployment Rate Rises

losses in government employmentThe number of Arizonans without a job grew in December as the state’s unemployment rate climbed to 9.1 percent. Unemployment stood at 8.9 percent in November.

The Arizona Department of Commerce reports today in its Arizona Workforce Employment Report that the state lost a net 1,700 jobs in December. In December 2008, Arizona lost 19,600 jobs. In addition, while the economy is still losing jobs, the rate of loss has slowed over the last four months from -7.7 percent in August to -4.8 percent in December.

Arizona’s Unemployment Rate Drops To 8.9%

Arizona UnemploymentArizona’s unemployment rate fell 0.4 percent in November to 8.9 percent. The unemployment rate in October stood at 9.3 percent. The U.S. unemployment rate stands at 10 percent.

The Arizona Department of Commerce’s Arizona Workforce Employment Report released today finds that the state’s economy generated an over‐the‐month increase in jobs for November of 12,800, with 11,100 of those jobs coming from the private sector. The increase in jobs was less than expected, but still better than the 19,100 jobs lost in November 2008.

Arizona Unemployment Rate Unchanged

Unemployment in ArizonaUnemployment in Arizona was at a standstill in September, as only the government and educational and health services sectors added jobs.

The latest Arizona Workforce Employment Report from the Arizona Department of Commerce finds the state’s unemployment rate in September was at 9.1 percent, unchanged from August. In September of 2008, the state’s unemployment rate was at 6 percent.

With the government sector generating 19,500 jobs and educational and health services another 700, there was a seasonal increase in non-farm employment last month of 10,600 jobs.

A Hard Recovery: Arizona’s Unemployment Rate Jumps in July

If the national economy finally pulls itself out of this recession in the third quarter (as many economists fully expect it to), to most Americans it will still feel like a recession. Case in point, Arizona’s employment situation.

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