Jobless rate climbs in Phoenix, statewide
[Source: Phoenix Business Journal] — Unemployment was up in Phoenix and Arizona in June, the metro jobless rate rising to 8 percent from May’s 7.9 percent. The jump was even higher across the state with 8.7 percent of the work force unemployed, up from 8.2 percent in May and the highest it’s been since the early 1980s peak approaching 11 percent. That translates to a loss of 49,400 jobs, according to a report from the Arizona Department of Commerce.
Tucson’s jobless rate gained one-tenth point to 7.9 percent, while the Yuma area felt the most stress at 19.8 percent, up from 18.8 percent in May. Prescott stood at 9.2 percent and Lake Havasu-Kingman stood at 9.7 percent. The Flagstaff area came in with the lowest rate in the state at 7.4 percent, up from 7.2.
Nationwide June unemployment stands at 9.5 percent, up from 9.4 in May and 5.6 percent a year ago. In June 2008, the statewide unemployment rate was 5.5 percent and the Phoenix rate was 4.8 percent, the report said.
Statewide, losses mounted in manufacturing, trade, transportation and utilities, information, professional and business services, educational and health services, leisure and hospitality, and government sectors. Natural resources, construction, financial and miscellaneous services, however, gained jobs. [Note: Read the full article at Jobless rate climbs in Phoenix, statewide]
Posted on July 13, 2009, in Business, Employment and tagged Arizona, Arizona Department of Commerce, Flagstaff, Lake Havasu, Phoenix, Prescott, Tucson, unemployment, Yuma. Bookmark the permalink. Leave a comment.