Yavapai County's December unemployment rate was 3.3%, ranking it 14th out of 15 counties in the state.

Unemployment rate is rising nationwide Same level as the price before the new coronavirus infection, has been measured between 3.5% and 4% for most of the past two years. The unemployment rate was 3.7% in January, according to data from the Bureau of Labor Statistics. Previously, the unemployment rate spiked to 14.7% at the height of the COVID-19 pandemic in April 2020, and the rate remained elevated until late 2021.

Although the national unemployment rate has largely normalized, regional economies vary widely.Using stacker Bureau of Labor Statistics data Analyzing Yavapai County's unemployment rate over time and how it stacks up in Arizona and across the nation.

Yavapai County's unemployment rate is 0.4 percentage points lower than the national level and 1.0 percentage points lower than the state level. Ranked 14th among Arizona counties, he ranked first in the provisional unemployment rate for December 2023, and then broke the tie for the number of unemployed people. It's lower than Maricopa County, which also has an unemployment rate of 3.3%, but it's higher than Greenlee County (2.4%).

In real terms, that means an estimated 3,585 of Yavapai County's approximately 109,765 working residents are currently unemployed. This is a decrease of 234 people from last month and an increase of 297 people from a year ago. Some economists fear a new recession is on the horizon, with business closures and layoffs causing unemployment to rise.

This article was created using automation across 3,100 counties, boroughs, and parishes, with writing and data reporting by Paxtyn Merten.