July 15, 2024 2:35 pm

Local News

Arizona unemployment rate reaches record low


According to the Arizona Office of Economic Opportunity’s latest report, the unemployment rate reached a record low of 3.4% in May 2024, dipping below the previous record of 3.5% recorded in August 2007. 

The healthcare and social assistance sector added 3,700 jobs while the manufacturing sector added 1,600 jobs. With unemployment low and inflation coming down, all signs are pointing to a strong economy.

Check out the full report here