The State of Arizona's unemployment rate for May 2012 remained static at 8.2%. The May rate continues a 2012 trend of no monthly percentage increases for the year. Even though the unemployment rate remained the same, however, the actual number of unemployed people in AZ increased for the month (by roughly 1,000) as did the number of those employed and the number in the civilian workforce for the state.
In a year-over-year comparison, the May 2012 unemployment rate of 8.2% much improved from the May 2011 rate of 9.6%. The net impact of this big improvement is that Arizona has approximately 44,000 less people unemployed in May 2012 than were reported in May 2011. An additionally impact is that number of employed workers in Arizona has also increase by over 23,000 while the civilian workforce has actually gone down by about 20,000 people. The combination of these statistics is our (big) 1.4% decrease in the Arizona unemployment rate over the past year.
The unemployment rate for the nation as a whole in May 2012 matches Arizona at 8.2%. The one (small) difference, however, is while Arizona's rate stayed unchanged from May 2012 the U.S. average ticked up slightly (0.1%) for May.
Some industries in the State of Arizona that saw employment gains for the month included Construction, Mining & Logging, Professional and Business Services, Financial Activities, and Manufacturing. As expected, some Arizona industries had negative employment numbers including Leisure & Hospitality, Information, and Other Services.
All of the Arizona cities that the U.S Department of Labor reporting results on show higher unemployment rates for may 2012. Lake Havasu City increased from 8.8% to 9.5% (it's first monthly increase for 2012). Flagstaff's unemployment rate rose from 7.3% to 7.7% for the month. The City of Tuscon also rose from 6.6 to 7.2% in May. The Phoenix Metropolitan Area's rate also went up to 7.2% and Prescott rose up to 8.5%. The City of Yuma, already with the highest city unemployment rate in Arizona saw it's already (very) high rate of 26% for April rise to a staggering 28.9% for May 2012.
Compared to other states in the area Arizona's May 8.2% rate continues to be about average. Both the neighboring states of California (10.8%) and Nevada (10.6%) have much higher rates than AZ. While the States of Utah (6.0%), New Mexico (6.7%) and Colorado (8.1%) all have lower rates that Arizona for May.
In about a month we'll revisit Arizona when the June unemployment statistics are published. We'll once again review the numbers for Arizona's cities, business sectors, and place in the region, as well as observe overall trends for the state. Be aware that previously published unemployment numbers from the DOL may be updated that a later date.
In a year-over-year comparison, the May 2012 unemployment rate of 8.2% much improved from the May 2011 rate of 9.6%. The net impact of this big improvement is that Arizona has approximately 44,000 less people unemployed in May 2012 than were reported in May 2011. An additionally impact is that number of employed workers in Arizona has also increase by over 23,000 while the civilian workforce has actually gone down by about 20,000 people. The combination of these statistics is our (big) 1.4% decrease in the Arizona unemployment rate over the past year.
The unemployment rate for the nation as a whole in May 2012 matches Arizona at 8.2%. The one (small) difference, however, is while Arizona's rate stayed unchanged from May 2012 the U.S. average ticked up slightly (0.1%) for May.
Some industries in the State of Arizona that saw employment gains for the month included Construction, Mining & Logging, Professional and Business Services, Financial Activities, and Manufacturing. As expected, some Arizona industries had negative employment numbers including Leisure & Hospitality, Information, and Other Services.
All of the Arizona cities that the U.S Department of Labor reporting results on show higher unemployment rates for may 2012. Lake Havasu City increased from 8.8% to 9.5% (it's first monthly increase for 2012). Flagstaff's unemployment rate rose from 7.3% to 7.7% for the month. The City of Tuscon also rose from 6.6 to 7.2% in May. The Phoenix Metropolitan Area's rate also went up to 7.2% and Prescott rose up to 8.5%. The City of Yuma, already with the highest city unemployment rate in Arizona saw it's already (very) high rate of 26% for April rise to a staggering 28.9% for May 2012.
Compared to other states in the area Arizona's May 8.2% rate continues to be about average. Both the neighboring states of California (10.8%) and Nevada (10.6%) have much higher rates than AZ. While the States of Utah (6.0%), New Mexico (6.7%) and Colorado (8.1%) all have lower rates that Arizona for May.
In about a month we'll revisit Arizona when the June unemployment statistics are published. We'll once again review the numbers for Arizona's cities, business sectors, and place in the region, as well as observe overall trends for the state. Be aware that previously published unemployment numbers from the DOL may be updated that a later date.
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If you're unemployed in Arizona and need help, please visit the Arizona Unemployment HQ.
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