State’s jobless rate jumps from a year ago - Ahwatukee Foothills News: Money

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

State’s jobless rate jumps from a year ago

Print
Font Size:
Default font size
Larger font size

Posted: Monday, March 18, 2013 2:49 pm

The state’s jobless rate jumped a tenth of a point in January to 8.0 percent.

That change is due largely to the loss of 45,500 jobs from the month before as businesses shed the extra staff they hired for the Christmas season. Layoffs in retail trade and employment services, mainly temporary help agencies, amounted to half of the losses in retail trade.

But Aruna Murthy, director of economic analysis for the state Department of Administration, said there is some good news in the numbers. She said the job losses for January are below the 10-year average of 58,600.

There is, however, a big cloud on the horizon: sequestration.

Murthy said Arizona is particularly vulnerable to the budget stalemate in Washington, what with federal spending making up 6.7 percent of the state’s gross domestic product.

What’s worse, she said, is that much of that is linked to the military. And Murthy said she expects the military side of the equation to take deeper cuts than the social programs.

Murthy said she does not expect the jobless numbers for those in civilian side of military programs to jump. That is because the more likely scenario will be furloughed, meaning they are not going to be considered “unemployed’’ because they’re not out looking for work.

But a furlough means less income. And Murthy said that will create a ripple effect elsewhere.

“Your consumption goes down if a person loses his job,’’ she said: As these people spend less, that will cause layoffs in other industries.

That effect, she said, won’t necessarily be equal across the state. Murthy predicted a bigger impact in communities with military bases like Glendale, Tucson, Sierra Vista and Yuma.

Overall, Murthy puts the potential job loss for Arizona anywhere from 30,000 to 50,000.

For the moment, though, the employment situation in the state is improving.

Murthy said that the number of people working in Arizona in January was 47,700 more than the same time a year earlier. At that time the state’s jobless rate was 8.8 percent.

Even the retail sector, with its 8,800 job loss between December and January, actually still had overall employment of 3,000 more this year than last year. And there were 7,900 more people working in bars and restaurants this January than the prior year.

One trade off, though, has been that employment by private colleges and schools is less now than last year. Murthy said, though, that is to be expected.

When the economy goes soft, people go back to school to improve their skills. Murthy said a rising economy results in the reverse.

At the same time, though, there has been continued scrutiny of private colleges by the federal government, particularly in terms of government guaranteed financial aid.

Unemployment rates

(not seasonally adjusted unless otherwise stated)

Area Jan. 2013 Dec. 2012 Jan. 2012

Arizona (seas adj) 8.0% 7.9% 8.8%

Arizona 8.3% 7.9% 8.8%

U.S. (seas adj) 7.9% 7.8% 8.3%

COUNTIES:

Apache 20.4% 18.7% 19.5%

Cochise 8.7% 7.8% 8.3%

Coconino 8.6% 8.4% 9.4%

Gila 9.8% 9.3% 10.5%

Graham 8.7% 8.6% 9.6%

Greenlee 7.1% 6.3% 7.7%

La Paz 10.3% 9.2% 10.1%

Maricopa 7.1% 6.6% 7.8%

Mohave 10.4% 9.5% 10.7%

Navajo 15.9% 14.8% 16.2%

Pima 7.3% 6.9% 7.8%

Pinal 9.1% 8.3% 9.6%

Santa Cruz 17.5% 16.5% 16.6%

Yavapai 9.1% 8.6% 9.7%

Yuma 26.5% 27.3% 24.5%

Source: Arizona Department of Administration

Sector employment in 1,000s

Sector Jan. 2013 At peak*

Total nonfarm 2,472.9 2,713.6

Manufacturing 154.8 187.4

Natural resources & mining 12.4 14.3

Construction 116.7 247.5

Trade, transportation, utilities 483.3 549.2

Information 38.8 55.6

Financial activities 179.9 187.2

Professional & business services 352.0 408.7

Private education & health services 368.7 323.2**

Leisure & hospitality 268.4 279.1

Other services 84.9 102.0

Government (including public education) 413.0 449.0

* Different sectors have different peak dates

** Prior peak in October 2008

Source: Arizona Department of Administration

More about

More about

More about

  • Discuss

India evacuates border villages after raid on militants in Pakistan

SRINAGAR, India India has evacuated more than 10,000 villagers living near the border with Pakistan, amid concerns that there could be a milit…

Published: September 30, 2016 - 1:21 am @ http://www.reuters.com/article/us-india-pakistan-k…

Phoenix police: Shooting outside of QuikTrip kills one person

PHOENIX - Police are investigating a shooting that happened outside of a QuikTrip store that seriously injured one person. 

Published: September 29, 2016 - 10:18 pm @ http://www.abc15.com/news/region-phoenix-metro/wes…

Phoenix demands Trump campaign drop ad using city's uniformed cops

Phoenix officials, infuriated over an ad for Donald Trump's presidential campaign that includes city cops, fired off a letter Thursday demandi…

Published: September 29, 2016 - 9:57 pm @ http://www.nbcnews.com/politics/2016-election/phoe…

Nevada Solar Advocates Laud Task-Force Recommendations

In focus on our nationwide rundown; former rivals Sanders and Clinton team up on college debt; a new poll shows cancer research is a priority …

Published: September 29, 2016 - 8:50 pm @ http://www.publicnewsservice.org/2016-09-29/consum…

USA Today Takes A Side In The Presidential Race For The First Time

USA Today, for the first time in its 36-year history, is taking a side in a presidential race, urging readers to vote against Donald Trump. Th…

Published: September 29, 2016 - 8:49 pm @ http://www.huffingtonpost.com/entry/usa-today-endo…

Peoria Police Department - Arizona - Timeline

See more of Peoria Police Department - Arizona by logging into FacebookMessage this Page, learn about upcoming events and more. If you don't h…

Published: September 29, 2016 - 6:54 pm @ https://www.facebook.com/PeoriaPoliceDepartmentAri…

Arizona Republic Endorses Hillary

Arizona Republic endorses Hillary — then abuses its subscribers. Via author and activist Mike Cernovich: The Arizona Republic broke a longstan…

Published: September 29, 2016 - 6:55 pm @ http://www.thegatewaypundit.com/2016/09/arizona-re…

11 Best Things to Do in Metro Phoenix This Weekend

Lauren Cusimano A A New Times picks the best things to do in metro Phoenix from Friday, September 30, through Sunday, October 2. For more, see…

Published: September 29, 2016 - 6:19 pm @ http://www.phoenixnewtimes.com/arts/11-best-things…

In the Era of Trump, Anti-Latino Hate Crimes Jumped 69% in L.A.

Dennis Romero A A Amid Republican presidential candidate Donald Trump's claims that Mexican immigrants are a criminal source of America's alle…

Published: September 29, 2016 - 5:48 pm @ http://www.laweekly.com/news/in-the-era-of-trump-a…

Newspaper Loses Subscribers, Receives Death Threat After Endorsing Hillary Clinton

The Arizona Republic lost subscribers and received a death threat after endorsing Democratic presidential nominee Hillary Clinton on Tuesday. …

Published: September 29, 2016 - 5:48 pm @ http://www.huffingtonpost.com/entry/arizona-republ…

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…