Arizona Jobs Grow But Labor Force Shrinks | Phoenix News

Arizona’s job market posted solid growth in July, adding 2,300 positions and outpacing the national trend — now boasting over 24,000 more jobs than last year. But with unemployment still at 4.9% — higher than the national average of 4.1% — and a slowing pace of job creation since February, there’s a hidden challenge: nearly 100,000 people have exited the workforce since January, mostly retirees and fewer new arrivals. Healthcare leads job gains (over half of annual growth), followed by office, construction, and warehouse roles. Meanwhile, Arizona’s cost-of-living increases are rising slower than the nation’s, helping workers keep more of their paychecks. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/edba801938d02dee