Home This Week AZ Job Growth 2.5% in January Y/Y Faster than Nation

This Week June 5, 2015
Print Friendly

by Valorie Hanni Rice, Senior Specialist, Business Information

Arizona job numbers for January were released March 12. The unemployment rate for Arizona was 6.6% in January, no change from the revised December figure. Over-the-year job growth in Arizona was 2.5% in January, faster than the national rate of 2.3%. Along with January figures, revisions for the prior two years were released. Employment for 2013 was revised up, resulting in an annual growth rate of 2.3%. Employment in 2014 was revised up by just 400 jobs, resulting in an annual growth rate of 1.9%, which matched the U.S. growth, but was a downward revision from what was originally published as a result of the larger gains in 2013.

Producer prices fell 0.5% in February on a seasonally adjusted basis, with both final demand goods (-0.4%) and final demand services (-0.5%) decreasing for the month. On an unadjusted basis, the 12-month change in final demand was also in negative territory (-0.6%). 

Arizona initial applications for unemployment were higher in the third week of February, but still below the 4,000 mark at 3,724. The four-week average was 3,705, 87 lower than the week previous. U.S. jobless claims dropped 36,000 the first week of March, to a seasonally adjusted 289,000. The four-week moving average was also lower, moving to 302,250.

Hands and calculator photo courtesy Shutterstock.