January 25, 2022
Summary
Arizona added 11,600 net payroll jobs and the unemployment rate fell by 0.6 percentage point to 4.1 percent in December, according to Bureau of Labor Statistics (BLS) data released at 10:00am on January 25, 2022.
Over the past twelve months, Arizona added 147,200 payroll jobs and the unemployment rate fell by 2.7 percentage points from 6.8 percent.
In December, Arizona’s private sector added 11,200 net private payroll jobs and over the past twelve months it added 142,200 private payroll jobs in the establishment survey.
In the household survey, the number of unemployed fell by 20,497 on net in December, and over the past year employment rose by 177,102.
Arizona’s labor force participation rate fell to 60.3 percent in December from 60.4 percent. Since last year, the labor force participation rate remained unchanged.
The national unemployment rate fell by 0.3 percentage point in December to 3.9 percent. State employment and unemployment data for January is scheduled for release March 14, 2022. The national employment situation report for January will be released February 04, 2022.
Arizona Payroll Employment
Arizona added 11,600 net payroll jobs, or 0.4 percent, on a seasonally adjusted basis during December. In the prior month, Arizona added 6,500 jobs. Over the past twelve months, Arizona added 147,200 payroll jobs, or 5.1 percent. Arizona nonfarm payroll employment had increased in 10 of the past 12 months.
Nationally, nonfarm payrolls rose by 199,000 in December, or rose by 0.1 percent. Over the 12-month period ending with December, nonfarm payrolls rose by 6,448,000 jobs, or 4.5 percent. Arizona ranks 15th among the 50 states and the District of Columbia for percentage gain in nonfarm payroll employment over the past 12 months.
During December, Arizona’s private-sector added 11,200 jobs, or approximately 0.4 percent. The private-sector in Arizona added 5,800 jobs in the prior month. Over the past twelve months, private-sector payrolls in Arizona added 142,200, or 5.8 percent. Arizona private-sector payroll employment has increased in each of the past 12 months.
Nationally, private-sector payroll jobs rose by 211,000 jobs in December, or 0.2 percent. Over the past 12 months, the national payroll rose by 5,996,000 jobs in the private sector, or 5 percent. Arizona is tied for 13th among the 50 states and the District of Columbia for a percentage gain in private-sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during December were Leisure and Hospitality (3,300) and Trade, Transportation, and Utilities (2,800). The poorest performing sectors during the month were Mining and Logging (100) and Financial Activities (-800).
The best performing sectors during the last twelve months were Leisure and Hospitality (44,300) and Trade, Transportation, and Utilities (31,600). The poorest performing sectors during the last twelve months were Information (1,300) and Mining and Logging (600).
Arizona Labor Force Statistics
Labor Force Participation
The labor force participation rate in Arizona fell to 60.3 percent in December from 60.4 percent in the prior month. At a labor force participation rate of 60.3 percent, Arizona ranks 36th in the nation. The labor force participation rate in Arizona remained unchanged from a year earlier. The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The 10-year high for the labor force participation rate in Arizona was 61.9 percent last occurring in May 2020. The series high for the labor force participation rate in Arizona last occurred in August 1995 when the labor force participation rate hit 67.1 percent. The 10-year low for the labor force participation rate was 59.9 percent in August 2020. The series low for the labor force participation rate in Arizona last occurred in May 1976 when the labor force participation rate hit 59.1 percent.
The national labor force participation rate remained steady at 61.9 percent in December. That rate rose by 0.4 percentage point from a year earlier. The all-time high for the national labor force participation rate was 67.3 percent in April 2000. The 10-year high for the national labor force participation rate was 63.8 percent in October 2012. The recent 10-year low occurred in April 2020 at a level of 60.2 percent. The series low for the national labor force participation rate was 58.1 percent in December 1954.
Employment-to-Population Ratio
The employment-to-population ratio, or the percentage of the Arizona civilian noninstitutionalized population 16 years and older counted as employed, in December rose to 57.8 from 57.6 percent in the prior month. At 57.8 percent, Arizona ranks 33rd among state employment-to-population ratios in the nation. The employment-to-population ratio in Arizona rose by 1.6 percentage points from a year earlier.
The 10-year high for the employment-to-population ratio in Arizona was 58.9 percent last occurring in December 2019. The series high for the employment-to-population ratio in Arizona occurred in August 1995 when the employment-to-population ratio hit 63.6 percent. The 10-year low for the employment-to-population ratio was 52.1 percent in April 2020. This also represents the series low for the employment-to-population ratio in Arizona.
The national employment-to-population ratio rose by 0.2 percentage point over the month to 59.5 percent in December. That rate rose by 2.1 percentage points from a year earlier. The all-time high for the national employment-to-population rato was 64.7 percent in April 2000. The 10-year high for the national employment-to-population ratio was 61.2 percent in February 2020. The recent 10-year low occurred in April 2020 at a level of 51.3 percent. The series low for the employment-to-population ratio was 51.3 percent in April 2020.