The national economy has been expanding for a record number of years now, hitting the 10-year mark just a couple months ago. And with that, the Arizona economy has had trickle-down economic growth of its own. As of late August, the public can realize the full, quantified extent of the
The Phoenix metropolitan area added 57,600 jobs over the past 12 months ending in August, growing 2.7%. On a percentage basis, Phoenix ranked fourth among all large U.S. markets. While employment growth is comparably robust, momentum has slowed – employment climbed 3.7% last year. Of the 11 employment sectors, 10
CoStar Market Insights: Phoenix Employment Growth in Construction, Manufacturing and Office-Using Jobs Supports Commercial Real Estate Performance Phoenix slipped in the July employment rankings, placing fifth among all major U.S. metropolitan areas for job growth. Metro area employment expanded 2.9% over the past 12 months ending in July, with the
From tech to bioscience, from manufacturing to healthcare, Arizona’s job market and job growth has been getting top marks month after month, year after year. And based off data from the U.S. Bureau of Labor Statistics (BLS), that trend doesn’t seem to be changing, slowing down, or reversing any time soon. In fact, Arizona’s overall job
CoStar Market Insights: Phoenix Remains a Top-10 Market Across All Sectors Due to Robust Employment Growth Employment growth in Phoenix was the second-highest among all U.S. metro areas in June. Phoenix’s ability to sustain positive employment gains is due to robust migration of talent that continues to expand the local
Arizona’s booming economy continues to dominate national rankings for job growth. Arizona ranked #2 in the nation for year-over-year job growth, according to a new report out today from the U.S. Bureau of Labor Statistics (BLS). Arizona added more than 80,000 new non-farm jobs from June 2018 to June 2019, BLS
The greater Phoenix metropolitan area has officially eclipsed its pre-recession job peaks in almost every industry, according to reports by the city. Notably, the city has acquired significant gains in advanced and growing industries such as biosciences, health care, and manufacturing – a sign that the economy is stable and
Arizona’s booming economy has added more than 300,000 new jobs since 2015 according to a new employment report released recently by the Arizona Office of Economic Opportunity (OEO). Since 2015, Arizona has added 310,400 new private sector jobs (seasonally adjusted, nonfarm). Over the last year, employment has increased by 75,000
In another sign of Arizona’s booming economy, the Phoenix metropolitan area led the nation for new jobs created over the last year. In a report released today from the U.S. Bureau of Labor Statistics, the Phoenix-Mesa-Scottsdale metropolitan statistical area (MSA) had the largest total nonfarm job growth of all large
Employment in the Phoenix area grew 4.2 percent during 12-month period that ended Nov. 30, 2018 — the second highest percentage growth of all metros nationwide. According to CBRE research and the U.S. Bureau of Labor Statistics, the Phoenix area gained 86,800 new jobs over the period. Meanwhile, in 2018,
