Arizona projected to add about 550,000 jobs by 2029
PHOENIX — New projections from the Arizona Office of Economic Opportunity have the state adding approximately 550,000 jobs by 2029.
Arizona is expected to grow to about 3.66 million jobs by 2029, up from 3.11 million in 2019, according to the projections.
The change represents a 1.9% growth per year over the span, four times the national growth rate.
“Arizona has become a jobs magnet,” Gov. Doug Ducey said in a press release. “Not only are jobs booming, wages are rising faster at one of the fastest rates in the country. Our recovery is moving forward and there is more opportunity before us than ever before.”
Arizona’s job growth is expected to be affected heavily in two of the state’s most populous counties.
Maricopa County is projected to add 46,000 jobs actually, a state-best 1.9% growth per year.
Pinal County’s year-by-year growth is expected at 1.7%, an addition of 4,000 jobs annually.
Education and health services, construction and business services were the three occupations projected to grow the most by the end of the decade.
“Today’s projections show Arizona is going to continue to lead the nation as a destination for employment and advanced industries,” Sandra Watson, president and CEO of the Arizona Commerce Authority, said in the release.
“What this means is more jobs for Arizona residents and more opportunity throughout our economy.”
Arizona gained about 540,000 jobs between 2009 and 2019, a 1.9% growth per year.