Arizona Construction Gained 2,400 Jobs in October
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 8.0 percent in October 2020, from September 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 6.9 percent from 7.9 percent in September. In October 2019, the state had a seasonally adjusted rate […]
AZ Construction Continues Growth Despite Pandemic
By Rebekah Morris for AZBEX Sales tax data available on AZEconomy.org, published by the University of Arizona Economic and Business Research Center, shows a surprising trend: construction in Arizona has risen despite the broad economic downturn as a result of the COVID-19 health epidemic. At the BEX Annual Construction Forecast event in January 2020, BEX researchers presented data that projected strong growth across the industry. Once COVID-19 hit in full […]
AZ Const. Reports No Job Gains/Losses in Sept.
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 6.7 percent in September 2020, from August 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 7.9 percent from 8.4 percent in August. In September 2019, the state had a seasonally adjusted rate of 4.6 percent, and the national was at 3.5 percent. The state had a net gain of 30,200 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a gain of 28,700 jobs in August,” the report states. Government had the largest net gain with 10,800 jobs, followed by Leisure […]
North America’s Const. to Fall Less than Expected
Source: GlobalData GlobalData has revised its forecast for North America’s construction industry to -1.7 percent this year from the previous projection of -6.5 percent in the Q2 2020 update, as the recovery in the US residential market from the initial shock of the COVID-19 pandemic has been faster than expected. Dariana Tani, Economist at GlobalData, comments: “The US residential market has […]
Ariz. Construction Gained 1,300 Jobs in August
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 5.9 percent in August 2020, from July 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 8.4 percent from 10.2 percent in July. In August 2019, the state had a seasonally adjusted rate of 4.6 percent, and the national was at 3.7 percent. The state had a net gain of 79,200 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a gain of 53,900 jobs in August,” the report states. Government had the largest net gain with 48,800 jobs, followed by Education […]
Ariz. Construction Lost 1,200 Jobs in July
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 10.6 percent in July 2020, from June 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 10.2 percent from 11.1 percent in June. In July 2019, the state had a seasonally adjusted rate of 4.7 percent, and the national was at 3.7 percent. The state had a net loss of 19,500 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a loss of 19,200 jobs in July,” the report states. Leisure & Hospitality had the largest net loss with 16,200 jobs, […]
Ariz. Construction Lost 900 Jobs in June
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 10 percent in June 2020, from May 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 11.1 percent from 13.3 percent in May. In June 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 3.7 percent. The state had a net gain of 19,700 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a loss of 51,600 jobs in June,” the report states. Leisure & Hospitality had the largest net gain with 34,000 jobs, […]
Ariz. Construction Gained 3,500 Jobs in May
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 8.9 percent in May 2020, from April 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 13.3 percent from 14.7 percent in April. In May 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 3.6 percent. The state had a net gain of 45,200 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a loss of 6,800 jobs in May,” the report states. Leisure & Hospitality had the largest net gain with 37,200 jobs, […]
Ariz. Construction Lost 4,200 Jobs in April
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 12.6 percent in April 2020, from March 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 14.7 percent from 4.4 percent in March. In April 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 3.6 percent. The state had a net loss of 283,300 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a gain of 8,700 jobs […]
Ariz. Construction Lost 600 Jobs in March
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 5.5 percent in March 2020, from February 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 4.4 percent from 3.5 percent in February. In March 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 3.8 percent. The state had a net loss of 7,400 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a […]