The U.S Department of Labor has released the state employment statistics for July 2012. The State of Arizona's unemployment rate ticked up 0.1% in July 2012 to 8.3%. This is the first monthly increase for Arizona in 2012. When compared to June, there are about 2,600 more unemployed workers in AZ. Additionally, there are roughly 12,000 fewer employed individuals and about 9,000 fewer individuals in the civilian workforce in Arizona in July. When combined, these numbers resulted in the 0.1% increase in Arizona's unemployment rate for the month. AZ's unemployment rate continues to mirror the national average rate of 8.3%.
When compared to 2011 AZ's unemployment rate is still much improved than the July 2011 rate of 9.6%. This significant improvement in the rate is apparent when look at the detailed employment statistics. There are about 41,000 fewer unemployed people in Arizona over the past year. There are also roughly 22,000 more individuals employed in Arizona and a decrease of 19,000 in the overall civilian workforce over that time. Together, this caused the major 1.3% decrease in the AZ unemployment rate over the past year.
We can also review the industry employment numbers for Arizona for July 2012. We find that for July 2012 many of AZ's business sectors did experience employment gains from June to July 2012. Some of these industries included Trade Transportation and Utilities, Information, Construction, Manufacturing, and Financial Activities. A few industries that saw employment decreases for July were Professional and Business Services and a significant in Government.
The U.S. Department of Labor also publishes employment statistics for many of the larger cities in AZ. Unlike the industry numbers most of the metro areas experienced increases in their unemployment rates in July. The City of Tucson went from 7.6% to 7.7%. The City of Flagstaff rose from 8.3% in June to to 8.7% in July. Also on the increase was the Lake Havasu City-Kingman Area going from 9.6% to 9.7%. The major metropolitan area of Phoenix was up as well rising from 7.4% to 7.5% in July. The City of Prescott's rate remained unchanged for July at 8.8%. The City of Yuma's unemployment rate exceeded 30% for the first time in nearly a year. Yuma's July 2012 rate was 31.2%, one of the highest in the nation.
Lastly we'll compare AZ's to other states in the Southwest United States. In the region Arizona's July 2012 unemployment rate continues to about average for the area - there are both states with higher and lower rates. States with higher rates were California (10.7%) and Nevada (12.0%). States that have lower rates than Arizona are New Mexico (6.6%) and Utah (6.0%).
In around a month we'll look at the August 2012 employment statistics for Arizona. Remember that previously released employment statistics can be updated at a later date.
When compared to 2011 AZ's unemployment rate is still much improved than the July 2011 rate of 9.6%. This significant improvement in the rate is apparent when look at the detailed employment statistics. There are about 41,000 fewer unemployed people in Arizona over the past year. There are also roughly 22,000 more individuals employed in Arizona and a decrease of 19,000 in the overall civilian workforce over that time. Together, this caused the major 1.3% decrease in the AZ unemployment rate over the past year.
We can also review the industry employment numbers for Arizona for July 2012. We find that for July 2012 many of AZ's business sectors did experience employment gains from June to July 2012. Some of these industries included Trade Transportation and Utilities, Information, Construction, Manufacturing, and Financial Activities. A few industries that saw employment decreases for July were Professional and Business Services and a significant in Government.
The U.S. Department of Labor also publishes employment statistics for many of the larger cities in AZ. Unlike the industry numbers most of the metro areas experienced increases in their unemployment rates in July. The City of Tucson went from 7.6% to 7.7%. The City of Flagstaff rose from 8.3% in June to to 8.7% in July. Also on the increase was the Lake Havasu City-Kingman Area going from 9.6% to 9.7%. The major metropolitan area of Phoenix was up as well rising from 7.4% to 7.5% in July. The City of Prescott's rate remained unchanged for July at 8.8%. The City of Yuma's unemployment rate exceeded 30% for the first time in nearly a year. Yuma's July 2012 rate was 31.2%, one of the highest in the nation.
Lastly we'll compare AZ's to other states in the Southwest United States. In the region Arizona's July 2012 unemployment rate continues to about average for the area - there are both states with higher and lower rates. States with higher rates were California (10.7%) and Nevada (12.0%). States that have lower rates than Arizona are New Mexico (6.6%) and Utah (6.0%).
In around a month we'll look at the August 2012 employment statistics for Arizona. Remember that previously released employment statistics can be updated at a later date.
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