Arizona is seeing the lowest unemployment rate it has seen in a decade, since the Great Recession in 2008. According to the Bureau of Labor Statistics(BLS), the preliminary unemployment rate for Arizona is 4.5% which is close to what it was at the end of 2007 (4.4%) when the economic downturn began. According to that data, the unemployment rate peaked at 11.2% in late 2009 and has slowly, but steadily, been heading down to where it sits today at 4.5%. It has seen a 0.5% decrease in unemployment just since October 2016 when it sat at 5.0%.
The month of October 2017 saw an increase of 18,700 non-farm jobs, according to the Arizona Office of Economic Opportunity. According to a press release from the Governors Office, “Eight of eleven sectors surveyed posted gains, including Government (1400 jobs); Education and Health Services (1800 jobs); Leisure & Hospitality (3300 jobs); Trade, Transportation, and Utilities (4400 jobs); and Professional Business Services (6000 jobs).”
Governor Ducey said, “This is good news for hardworking Arizonans and good news for our economy. Arizona’s entrepreneurs are continuing to hire and expand their businesses, and thanks to their hard work, we’re experiencing our lowest unemployment rate in nearly a decade.”
There is quite a gulf in rates among counties. Mohave County had an unemployment rate of 5.1% in October 2017. Maricopa County had the lowest unemployment rate at 3.7 % and Yuma had the highest unemployment rate at 18.0% in October 2017, according to the BLS.