State Jobs Report: Unemployment Surges As Arizonans Rejoin The Workforce
As the state attempts to dig itself out of a coronavirus-shaped economic hole, the latest jobs report holds some good news — and some bad news — for Arizona.
The state Office of Economic Opportunity released its September jobs report late last week, and while the unemployment rate went up — to 6.7% — the state also added more than 30,000 new jobs in that time.
But there are a lot of caveats here, including the fact that the unemployment rate went up largely because more than 150,000 people decided to get back into the workforce — actually a good sign for the economy.
To break it all down, The Show spoke with economist Jim Rounds, president of Rounds Consulting.