The overall unemployment rate in the state of Arizona remained unchanged for the third consecutive month. The state’s unemployment rate of 8.2 percent has been the same as the national rate for the last two months. One year ago the rate in Arizona stood at 9.6 percent, and the national rate stood at 9.1 percent.
There were moderate seasonal job losses in the state for the month; however these job losses are typical for Arizona in the month of June. The job losses for June of 2012 were more moderate than in previous years; 1.6 percent versus 2.4 percent for June of 2011, 2.6 percent for June of 2010, and 2.5 percent for June of 2009. Most of the June 2012 job losses were in government at 34,100; however, the private sector also lost jobs, for a combined total of 39,800 non farm jobs lost over the month.
Government job losses occurred in local and state Public Education as the school year ended for summer vacation. However, the Federal Government added 200 jobs over the month, which is typical for June, when jobs tend to be gained at the federal level and lost at the state and local level. Over the years from 2002 through 2011, government jobs averaged a net loss of 36,000; slightly higher than the 34,100 lost in June of 2012. The job losses this year may have been slightly affected due to school scheduling changes that pushed the end of the school year further into the month of May.
The private sector has lost jobs every June since 2008. The -0.3 percent loss in June of 2012 was the smallest job loss for June since 2008. From 1998 to 2007, the ten years immediately prior to the recession, the private sector averaged job gains in June of 0.3 percent. Four of the eleven major job sectors (Other Services, Construction, Manufacturing and Natural Resources & Mining), added jobs in June; while seven (Trade, Transportation & Utilities, Financial Activities, Information, Professional & Business Services, Education & Health Services, Leisure & Hospitality, Government) lost jobs; though four of the sector gains and losses were small or essentially flat.
Arizona’s Workforce Employment Report for June, 2012
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