Yavapai County continues to demonstrate robust job growth and economic resilience, with total employment in October reaching 72,300, according to data from the Arizona Office of Economic Opportunity (OEO). This represents a year-over-year increase of 1,400 jobs, a 2% rise, highlighting the region’s steady economic progress. The average weekly wage for workers in the county stands at $993, offering competitive earnings within the region. The county’s unemployment rate dropped to 3.3% in October, … [Read more...] about Yavapai County Employment Report Shows Growth Across All Sectors with a Positive Outlook
Teri Drew
Report Features Yavapai County’s Resilient Job Market
The Arizona Office of Economic Opportunity (OEO) has released its latest employment report, detailing key labor trends for Yavapai County. In September, the county’s unemployment rate stood at 3.4%, marking a slight 0.1% increase from August. This figure, however, represents a 0.4% decrease compared to the same period last year, underscoring an overall positive trend in job retention and growth. Yavapai County’s unemployment rate remains favorable, coming in at 0.5% lower than the Arizona … [Read more...] about Report Features Yavapai County’s Resilient Job Market
Trends Showing Increase in Higher-Paying Technology, Health Care, Construction Jobs
The Office of Economic Opportunity (OEO) has released its latest employment report for Yavapai County, revealing that the unemployment rate in August 2024 stood at 3.2%, down by 0.6% compared to the same period last year. This decline underscores the county’s ongoing economic recovery and resilience in its labor market. One of the most promising sectors contributing to job growth in the region is Computer and Electronic Product Manufacturing, which is projected to see the largest increase in … [Read more...] about Trends Showing Increase in Higher-Paying Technology, Health Care, Construction Jobs
Exploring the Leisure, Hospitality and Tourism Industry in Yavapai County
Yavapai County’s leisure, hospitality and tourism sectors are vital contributors to the local economy, offering diverse employment opportunities. With renowned destinations like Sedona’s iconic red rocks, Prescott’s historic culture, Jerome’s artistic charm and numerous outdoor attractions, the county consistently draws a large number of visitors each year. This steady influx of tourists fuels the demand for a skilled workforce in areas such as hotels, restaurants, resorts and travel services. … [Read more...] about Exploring the Leisure, Hospitality and Tourism Industry in Yavapai County
Report Reinforces Positive Economic Trend
Yavapai County is experiencing positive employment trends, according to a recent report released by the Arizona Office of Economic Opportunity (OEO). In June, the county observed a notable 1.3% year-over-year increase in employment, adding approximately 900 new jobs to the local economy. This growth brings the total employment level in Yavapai County to 70,400, signaling ongoing economic resilience and expansion in the region. The report also sheds light on the average weekly wage across all … [Read more...] about Report Reinforces Positive Economic Trend
Record-Low Unemployment Demonstrates Stability for Yavapai County
Living in Arizona during a time of record-low unemployment has been an inspiring experience. Here in Yavapai County, we see firsthand how the efforts of ARIZONA@WORK-Yavapai County are not just statistics but real, life-changing impacts on our community. As we celebrate this milestone, it’s hard not to feel a sense of pride and optimism. Arizona’s unemployment rate has dropped to a record low of 3.4%, reflecting our state’s workforce’s hard work and resilience. Here in Yavapai County, the local … [Read more...] about Record-Low Unemployment Demonstrates Stability for Yavapai County
Ensuring Opportunities for Quality Jobs
Recent data from the Office of Economic Opportunity has shed light on the unemployment rates in Yavapai County, revealing both challenges and opportunities for our local workforce. As we navigate the economic landscape post-pandemic, supporting services like ARIZONA@WORK, Yavapai County has become increasingly essential. Unemployment Trends According to the latest statistics, Yavapai County’s unemployment rate has decreased slightly over the past year. As of April 2024, the unemployment rate … [Read more...] about Ensuring Opportunities for Quality Jobs
Measuring the Value of Education
As educational attainment increases, so does earning potential, as evidenced by the median wages associated with various levels of education. From high school graduates to individuals with doctoral or professional degrees, each level of education corresponds to a distinct earning bracket, reflecting the value placed on knowledge and skills in the local job market. Let’s take a closer look at how educational attainment generally influences earning potential. According to Office of Economic … [Read more...] about Measuring the Value of Education
County Demonstrating Positive Signs of Economic Vitality
Yavapai County stands as a beacon of economic vitality amidst changing tides. As we dissect the latest Office of Economic Opportunity data, a comprehensive understanding of labor force participation emerges, offering insights into the county’s workforce dynamics and avenues for sustainable growth. At the forefront of this analysis is the unemployment rate, holding steady at 3.5%, with a marginal 0.1% increase year over year. This stability reflects the resilience of Yavapai County’s economy in … [Read more...] about County Demonstrating Positive Signs of Economic Vitality
Employment Projections Through 2025
Yavapai County’s economic landscape is poised for growth, as short-term projections from 2023 to 2025 reveal promising trends across various sectors. Data provided by the Office of Economic Opportunity (OEO) sheds light on the anticipated expansion, offering insights into the county’s evolving job market. However, against this backdrop of growth, recent figures also indicate a slight uptick in unemployment. In January 2024, the unemployment rate in Yavapai County increased to 3.5%, from 3.4% in … [Read more...] about Employment Projections Through 2025
