Arizona unemployment drops for 3rd straight month

Arizona unemployment drops for 3rd straight month

Credit: MGN Online

Arizona unemployment drops for 3rd straight month

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by Associated Press

azfamily.com

Posted on December 20, 2012 at 4:19 PM

Updated Tuesday, Dec 25 at 12:10 AM

PHOENIX (AP) -- Arizona's unemployment rate has dropped for the third straight month, falling to 7.8 percent as the economy added jobs in nearly all sectors.

The October unemployment rate was 8.1 percent.

Department of Administration economists report that the state's economy added 22,700 jobs in November, the largest November gain since 2005.

Nine economic sectors added jobs in November, while one sector -- construction-- lost jobs. The natural resources and mining sector was flat.

The biggest gain was recorded in the trade, transportation and utilities sector, with 12,800 additional jobs.

Gov. Jan Brewer is hailing the report, saying it provides reasons for optimism.

Brewer notes that the state's unemployment is now 3.4 percentage points below its peak in January 2010.

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