The November report also showed a decline in the unemployment rate from 5.2% to 4.7%, which ties a ten-year low reached in 2019. The last time Arizona’s unemployment rate dipped below 4.7% was March 2008.
“Today’s milestone represents a significant turning point in our recovery as we now have more jobs in Arizona than ever before,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “Arizona’s accelerated recovery has been fueled by the strength and resiliency of our incredible business community. In Arizona, we can also point to sound policy decisions from leaders like Governor Ducey that kept our economy open while providing support to families and industries hit the hardest.”
The Arizona Office of Economic Opportunity reports that Arizona now has 2,998,000 nonfarm jobs, up from 2,993,100 in February 2020.
Employment gains last month were reported in sectors including trade, transportation and utilities (16,100 jobs); education and health services (3,700 jobs); government (2,900 jobs); and professional and business services (2,000 jobs).
2021 has seen record economic development in terms of jobs and capital investment added. Over just the last 16 days, Arizona has seen a flurry of jobs announcements taking place across the state, including Eurofins in Tucson, United Airlines Aviate in Goodyear, Leonardo Electronics in Oro Valley, Zep in Kingman, Bizerba in Avondale, and ZenniHome in Page.
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