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Inside East Valley Business


News and notes from the Tribune business desk.


U.S., Arizona still losing ground in employment

September 24th, 2008, 1:59 pm · Post a Comment · posted by Edward Gately

At 6.percent, U.S. unemployment stands at a five-year high and the nation has lost more than 600,000 jobs since December, according to the Economic Policy Institute.

Researcher Emily Garr shows that even in the states that gained jobs this year there has been plenty of pain to go around. In Texas, which gained more jobs than any other state, unemployment rose from 4.2 percent to 5 percent since December. Out of 22 states that gained jobs, unemployment rose in all but two.

Since December, Arizona has lost 35,200 jobs, including 3,000 manufacturing jobs, according to the institute. Unemployment stood at 5.6 percent last month.

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