Nonfarm Employment Up Over the Year by 0.5%; Unemployment Rate Unchanged at 9.7%

Nonfarm Employment Up Over the Year by 0.5%; Unemployment Rate Unchanged at 9.7%

PHOENIX, AZ (October 21, 2010) – Arizona’s unemployment remained unchanged at 9.7% for September. The U.S. rate also remained unchanged at 9.6%.

Over the year, Total Nonfarm employment was up a modest 0.5% in September. The trend in over-the-year employment losses in Arizona slowed after June 2009 when the losses hit bottom at -8.4%. August 2010 numbers, which were revised from -0.1% to +0.3%, show the first gain following thirty consecutive months of over-the-year losses. In the month of September, five of eleven sectors were up over the year for a net gain of 11,700 jobs.

Over the month, Arizona added 16,000 jobs in September 2010, mostly from seasonal gains in public education as many of the schools began a new academic year. Nonfarm employment gains in September were below the ten-year (’00-’09) average, but were better than the previous two years.

The Private Sector had a net gain of 700 jobs. For the prior three years the Private Sector has lost jobs in September. Both, the Private Sector and Government gains were below their respective pre-recession ten-year (’98-’07) averages.

Get detailed information, graphs and charts on Arizona data at www.workforce.az.gov.

###

Media Contact:

Nicole McTheny, Senior Vice President, Communications and Marketing

Arizona Commerce Authority

602.845.1231 or nicolem@azcommerce.com

About the Arizona Commerce Authority:

The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: recruit, grow, create – recruit out-of-state companies to expand their operations in Arizona; work with existing companies to grow their business in Arizona and beyond; and partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries. Visit AzCommerce.com for more.