As of October, Phoenix 12-month job growth has been a steady 2.3 percent. The Valley added 42,504 new jobs to maintain its consistent trend.
Education and Health Services continue to be the fastest growing sector in Phoenix adding 14,120 new jobs over the last 12 months. Office-using employment such as Professional and Business Services and Financial Activities added 17,000 new jobs cumulatively. Construction has suffered the most, shedding almost 5,000 jobs over the last year.
Phoenix’s unemployment rate remained unchanged at 6.3 percent, remaining lower than the Arizona rate (7.1 percent) but still above the national rate (6.1 percent).
Visit our Phoenix Research Group page for additional market insight: Phoenix – Research