Arizona’s unemployment rate remained stable from July into August, staying at 3.4%. The latest report from the state Office of Economic Opportunity were released Thursday.
The state added 43,600 jobs from July to August, with the largest growth being in government and private education as the new school year started.
Since August last year, health care saw the largest growth, while manufacturing and information sectors declined.
Doug Walls is with the office. He says an increase in population, as well as more companies moving here, drove overall growth in the last 12 months.
“Arizona added 66,100 jobs overall, with over 99% of the jobs added from last year were attributed to private sector growth," he said.
Inflation somewhat cooled as well, as the Bureau of Labor Statistics says the Phoenix area saw prices increase by 2.3% since August 2023. The second-lowest inflation rate in recent years.
