- Associated Press - Thursday, March 10, 2016

PHOENIX (AP) - Arizona’s unemployment rate dropped three-tenths of a percentage point in January as the state’s economy lost fewer jobs than the month’s average in recent years.

The state’s monthly report says the seasonally adjusted jobless rate for January was 5.6 percent, down from 5.9 percent in December and from 6.6 percent a year earlier.

The report says Arizona lost 48,600 jobs in January, below the average January loss of 51,300 jobs since the Great Recession.

Only one economic sector gained jobs while 10 sectors posted losses.

The Financial Activities sector added 200 jobs in January, while the Trade, Transportation and Utilities sector had the biggest job at 18,300 jobs.

Other sectors with big losses included Government with 12,100 fewer jobs and Professional and Business Services with a loss of 10,800 jobs.

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