ARIZONA NEWS

Arizona economy growing with higher-wage jobs, expert says

Apr 1, 2021, 9:05 AM
(Pixabay Photo)...
(Pixabay Photo)
(Pixabay Photo)

PHOENIX – A Valley economist said Arizona will be in the top 10 in most economic categories, as the state continues to rebound from COVID-19 pandemic job losses.

Phoenix-based consultant Jim Rounds said two-thirds of the 300,000 jobs cut have been recovered and Arizona still recorded the third-highest job growth nationally in 2020.

“”Hopefully, things will continue to improve because the state’s economy is growing very well now compared with almost every other state,” Rounds told KTAR News 92.3 FM on Tuesday.

It was around this time last year that Arizona’s economy, one of the nation’s hottest, started going into a nosedive due to the coronavirus pandemic.

Weeks later more than 300,000 Arizona jobs were lost.

But now the state is adding more higher-wage jobs, Rounds said.

Just days ago, tech giant Intel announced that it was expanding its Chandler campus with a $20 billion investment, the largest in state history.

“We’re seeing a lot of big business deals closed,” Rounds said. “When you add high wage jobs it creates low- to middle-wage jobs, so you end up really adding to the employment base.”

But there’s one segment of the Arizona economy that is a concern after losing tens of thousands of jobs: hospitality, leisure and tourism.

“Most of the jobs we have left to recover are of the lower-paying variety. Those making less than $40,000 per year are those still struggling the most,” Rounds said.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Hualapai tribal dancers. (File Photo by David McNew/Getty Images)...
KTAR.com

2 Arizona tribes to receive $1.6M in latest round of US tribal housing grants

Two tribes in northern Arizona will receive $1.6 million in federal grants as part of COVID-19 relief efforts, the U.S. Department of Housing and Urban Development announced Tuesday.
5 hours ago
(Facebook photo/Phoenix Zoo)...
KTAR.com

Phoenix Zoo to host extra night of ZooLights for adults on Thursday

Adults can go through the Phoenix Zoo's annual ZooLights holiday display one final time on Thursday before the experience is turned off until next winter. 
5 hours ago
(Petrified Forest National Park Photo)...
KTAR.com

Skull of extinct crocodile-like reptile to be on display at Arizona museum

People will soon be able to get a look at the skull of a crocodile-like reptile that lived in Arizona millions of years ago.
5 hours ago
(City of Buckeye Photo)...
KTAR.com

Yeehaw! Buckeye Days to celebrate city’s Old West beginnings

The West Valley city of Buckeye is throwing a party later this month to celebrate its history with a cattle drive parade, a rodeo and more, officials announced Tuesday.
5 hours ago
(Facebook Photo/Frontier Airlines)...
KTAR.com

Frontier Airlines adding daily nonstop route between Phoenix, Chicago Midway

Frontier Airlines is set to add another daily nonstop route between Phoenix and Chicago in the coming months.
1 day ago
The Telegraph Fire consumed more than 180,000 acres southeast of Superior, Arizona, in June 2021. (...
Kevin Stone

Federal officials unveil 10-year strategy to mitigate wildfires in Arizona, other states

Federal officials on Tuesday unveiled a 10-year strategy to mitigate the growing threat of wildfires in Arizona and other susceptible states.
1 day ago

Sponsored Articles

GLENDALE, AZ - DECEMBER 27: Wide receivers John Brown #12 and Larry Fitzgerald #11 of the Arizona C...
Arizona Department of Gaming

The most memorable games in Arizona sports history every fan needs to know

Sports teams in Arizona have seen their fair share of instant classic games, but there's a few that every fan needs to know.
...
Sanderson Ford

Sanderson Ford offers cars and deals for all this holiday season

Sanderson Ford’s No! Vember Black Friday sale is giving an opportunity to purchase a new 2021 vehicle just in time for the holiday season.
...
PNC BANK

How your family can explore the Musical Instrument Museum

Whether you want to spend a day with family, do crafts with kids at home, or have an adult night out, the Musical Instrument Museum in Phoenix has options. As the world’s only global musical instrument museum, MIM offers interactive and immersive exhibits to foster an appreciation of different cultures and their instruments. “A visit […]
Arizona economy growing with higher-wage jobs, expert says