Disappointing job growth in Ariz. during October - Ahwatukee Foothills News: Money

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Disappointing job growth in Ariz. during October

Print
Font Size:
Default font size
Larger font size

Related Stories

Posted: Sunday, November 18, 2012 5:00 pm

If the numbers ultimately prove accurate, Arizona had a lackluster October in terms of job growth.

New figures from the state Department of Administration show the state added 9,500 jobs last month in the private sector. But that’s far below the nearly 18,000 jobs added between September and October of 2011.

And the typical October month-over-month growth for the last decade — including the recession — is 11,600.

Economist Aruna Murthy said the numbers appear a bit out of kilter.

She said this is particularly true in the leisure and hospitality industry — everything from entertainment and recreation to hotels and restaurants — which should normally be growing this time of year. Instead, it lost 500 jobs.

Those numbers, she said, do not make sense.

“I question them,’’ Murthy said.

“It’s very contradictory to anything that’s happened in the past,’’ she continued. Murthy said she wants to monitor the situation for several months before deciding if there’s a real trend in the works “or just an aberration.’’

The issue, she said, may come down to how her agency computes the numbers by surveying employers around the state.

“Although we target the same employers every month, the responses could vary,’’ Murthy explained.

For example, one month might produce just a 40 percent response rate versus 60 percent in another month.

“And the employers who respond could vary,’’ she said. “So if the response is poor and we do not have enough employers (in the survey), it might impact the estimation.’’

The other sector of the economy where Murthy is reviewing the numbers is in health care. She said employment in that sector, one of the healthiest in the state, should be going up this time of year; it’s not.

Even with all that, Murthy said there were enough jobs added in other sectors of the economy to trim the state’s seasonally adjusted unemployment rate by a 10th of a point, to 8.1 percent.

That includes a particularly strong month in retail employment as companies begin to gear up for seasonal sales. In fact, Murthy pointed out, Arizona’s year-over-year retail employment grew 2.1 percent versus just 1.0 percent for the country at large.

The state also benefitted from the addition of 2,100 jobs just last month in construction.

Murthy pointed out that, even if the month-over-month figures may be subject to question, the overall trend is good. She said that the number of people working last month in the private sector in Arizona — now more than 2.05 million — is 2.2 percent above the same time a year earlier.

Potentially more telling, she said, this is the eighth consecutive month of year-over-year gains above that 2 percent figure. That she said, “clearly suggests the private sector is gaining jobs and things are improving through time.’’

More about

More about

More about

  • Discuss

Arizona grand jury indicts man in 2012 killing in Quartzsite

PHOENIX (AP) - An Arizona grand jury has indicted a man in the 2012 killing of a woman in Quartzsite near the California border. State prosecu…

Published: June 25, 2016 - 6:53 am @ http://www.cbs5az.com/story/32295712/arizona-grand…

Rum Bar's New Summer Cocktail Menu Is Dazzling

Shelby Moore A A In mid-May, The Breadfruit and Rum Bar debuted a new summer food and drink menu. As anyone who's even visited the downtown ea…

Published: June 25, 2016 - 6:41 am @ http://www.phoenixnewtimes.com/restaurants/rum-bar…

Take a look at the new building that will house Fry's in downtown Phoenix

PHOENIX - A commercial development company has released new renderings of the building that will house downtown Phoenix's first grocery store.…

Published: June 25, 2016 - 6:42 am @ http://www.12news.com/news/local/valley/take-a-loo…

9 Best Things to Do in Metro Phoenix This Weekend

Janessa Hilliard A A New Times picks the best things to do in metro Phoenix from Friday, June 24, to Sunday, June 26. For more events, see our…

Published: June 25, 2016 - 6:42 am @ http://www.phoenixnewtimes.com/arts/9-best-things-…

Right-wing militant charged for planting a bomb at BLM building

Info On the night of June 21, members of the Patriots Defense Force militia allegedly planted a bomb at a Bureau of Land Management cabin in M…

Published: June 25, 2016 - 6:23 am @ http://www.hcn.org/articles/bomb-threat-blm-bureau…

Utah Militia Leader Arrested After Trying To Blow Up BLM Building (VIDEO)

A Bundy militia supporter was arrested over a plot to blow up a Bureau of Land Management building in Arizona. William Keebler, who has ties t…

Published: June 25, 2016 - 6:11 am @ http://freakoutnation.com/2016/06/utah-militia-lea…

How Could Paul Ryan And Mitt Romney Be So Misled?

5095788Criticizing Donald Trump’s concerns about the objectivity of a judge of Mexican heritage openly associated with the La Raza San Diego L…

Published: June 25, 2016 - 6:10 am @ http://dailycaller.com/2016/06/23/how-could-paul-r…

Trump's VP Front-runner: Sen. Sessions of Alabama

With less than a month to go before the Republican National Convention that will make Donald Trump's nomination for president official, source…

Published: June 25, 2016 - 6:08 am @ http://www.newsmax.com/JohnGizzi/jeff-sessions-don…


The Endangered Species Act: Making Birds Great Again

When most people think about the Endangered Species Act, they think about wolves, polar bears or salmon. Less known is the quiet and remarkabl…

Published: June 25, 2016 - 5:52 am @ http://www.huffingtonpost.com/kieran-suckling/enda…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…