Trade, Transportation & Utilities as well as Education and Health Services continue to lead the way adding 23,500 jobs. Financial Activities along with Professional and Business Services also reported strong gains adding 8,300 and 6,400 new jobs respectively. Manufacturing continues to struggle as it sheds an additional 2,000 jobs in December.
Phoenix’s unemployment rate remains lower than the Arizona rate (7.6%) and lower than the national rate (6.6%).
Visit our Phoenix Research Group page for additional market insight: Phoenix – Research