Report: AZ job growth will triple national rate over next decade

A new forecast from the Arizona Office of Economic Opportunity predicts the state will see on average 1.3% job growth through 2033, well above the national predicted rate of 0.4%.

It predicts growth of more than 2% in two sectors: Health Care and Social Assistance (2.6% or 137,528 jobs) and Construction (2.2% or 51,424 jobs).

Five other sectors are forecasted to have more than one percent growth: Manufacturing, Leisure and Hospitality, Professional and Business Services, Trade Transportation and Utilities and Other Services.

The lone sector that is forecasted to lose jobs is Natural Resources and Mining.

Geographically, Maricopa County is expected to see the fastest job growth rate at 1.5%, while Pinal, Yavapai, Mohave, Graham and Greenlee counties are all forecasted to see growth above 1%.

 

Source: https://news.azpm.org/p/azpmnews/2024/11/1/222439-state-forecast-predicts-az-job-growth-rate-to-triple-national-rate/

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