Connecting the Upper Middle Neighborhoods of Phoenix - Arcadia, Biltmore, North Central
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Unemployment Rate Down To 3.5 Percent In January

  • February 12, 2020
  • theumphx
  • The Upper Middle

Hiring jumped last month as U.S. employers added 225,000 jobs, bolstering an economy that faces threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing.

Half a million people streamed into the job market, though not all of them found work.

That influx meant that more people were counted as unemployed, and it boosted the jobless rate to 3.6% from a half-century low of 3.5%.

The jobs report signaled that businesses remain confident enough to keep hiring.

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The Upper Middle Phoenix
The Upper Middle Phoenix (The UM) is your go-to source for local news, events, business updates, and culture in Arcadia, North Central Phoenix, and Biltmore. We also cover Paradise Valley and Downtown Phoenix, bringing you the latest on food & drink, real estate, outdoor activities, and community happenings.
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