Arizona's Unemployment Rate Falls

The seasonally adjusted unemployment rate for Arizona fell three-tenths of a point in January, to 5.6 percent, when compared to the same period last year. The Arizona Department of Administration reports there were 83,200 more people working in the private sector in January than a year earlier. That is a 3.8 percent annual increase.

Retail trade employment is up 4 percent year over year, with a 5.5 percent boost in people working in the financial sector, from selling insurance to mortgages. Bars and restaurants employed 8,300 more people in January than they did the prior year.

Read more from Capitol Media Services via the Arizona Daily Star.