In May 2023, the Phoenix metro area’s job landscape presented a relatively positive picture. Total nonfarm employment saw an increase of 1.6%, adding 37,500 jobs compared to the same month in 2022, bringing total payrolls to 2.53 million in Phoenix. The education and health services sector sector experienced the most substantial job gains with an addition of 19,700 positions, representing a solid 5.5% expansion. The construction sector saw a healthy increase of 3.2%, which equated to an additional 4,800 jobs. Meanwhile, the leisure and hospitality sector sector, vital for Phoenix’s economy, observed a 3.1% increase, equivalent to an addition of 7,300 jobs. Overall, Phoenix’s unemployment rate dropped 10 basis points year over year to 3.6%.