Arizona: Governor Katie Jobbs Announces Record Low Unemployment, Private Sector Job Gains

Phoenix, AZ ~ Phoenix, AZ - The Arizona Office of Economic Opportunity has released the state's May Employment Report, revealing a decrease in the unemployment rate from 3.6% to 3.4%. This marks the lowest jobless rate since 1976, showcasing the state's strong economic growth.

In addition to this positive news, Arizona has been awarded its fourth consecutive gold shovel award for its outstanding leadership in economic development. The Phoenix region has also been recognized as the top region for manufacturing growth.

Governor Katie Jobbs expressed her excitement over these record-setting numbers, stating that Arizonans now have more opportunities than ever before. She emphasized her commitment to creating good-paying jobs, promoting business growth, and ensuring that every citizen has the chance to thrive.

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The increase in employment numbers was largely driven by private sector growth, with key sectors such as healthcare, manufacturing, and other services experiencing above-average job growth. In total, over 110,000 new jobs have been created since Governor Hobbs took office in January 2023. Of these jobs, 84% were in the private sector.

Governor Hobbs' focus on construction and manufacturing has resulted in significant gains in these industries over her first year in office. As major facilities continue to be constructed and begin operations, more job opportunities are becoming available.

This recent announcement comes after Governor Hobbs celebrated Arizona's ranking as a top state for job growth in 2023. As of September 2023, more Arizonans are employed than ever before and incomes continue to rise.

With a strong economy and record low unemployment rates, it is clear that Arizona is on a path towards continued success under Governor Hobbs' leadership. The state's commitment to economic development and job creation is evident through these recent achievements and will undoubtedly benefit all citizens of Arizona.

Filed Under: Government, State

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