ARIZONA NEWS

Arizona leads nation for small business job growth, report finds

Aug 9, 2021, 4:45 AM | Updated: 12:24 pm

(Pexels photo)...

(Pexels photo)

(Pexels photo)

PHOENIX — A payroll company found Arizona now leads the nation in small business job growth.

The Small Business Employment Watch from Paychex and its approximately 350,000 clients shows Arizona’s small business jobs index is at 101.72 after rising 1.32% last month, good for fourth-best in July behind Washington, Georgia and Massachusetts.

Over the past year, Arizona’s small business jobs index has risen nearly 6%.

The numbers show a return to pre-pandemic levels for not only Arizona but across the country as the small business jobs index nationwide is at 99.36, up more than 1% over the last quarter and 5% from last year.

“A lot of those restaurants are coming back online, opening the doors and turning on the lights,” Frank Fiorelle, vice president of risk, compliance and data analytics at Paychex, said.

“That’s where most of the growth is, and same thing on the wages and compensation standpoint.”

Hourly earnings growth in Arizona is at 3.30%, according to the report, good for eighth-best among the country’s 20 largest states.

Nationwide, the average hourly wage growth is at 3.11%, up from 2.84% for Paychex clients.

Fiorelle says businesses are paying sign-on bonuses, even in leisure and hospitality.

He is now watching for potential impacts due to the COVID-19 delta variant, such as a possible loss of clientele as daily cases increase in Arizona and across the country.

“Probably, there would be a correlation with spikes,” Fiorelle said. “But not everyone in the U.S. is being impacted as much as others. That would be something that would come out in the data in the future.”

Fiorelle added states that reopened their economies earlier have higher job creation rates.

Among the country’s 20 most populated cities, Phoenix placed third with a jobs index of 101.57 and came in at No. 8 with an hourly earnings growth of 3.25%, according to the report.

We want to hear from you.

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

Arizona News

A 2-year-old boy died after he was found in a backyard jacuzzi Saturday. (Pixabay photo)...

KTAR.com

2-year-old boy found in west Phoenix jacuzzi dies

Detectives are investigating the death of a two-year-old boy who was found in a backyard jacuzzi on Saturday in west Phoenix.

50 minutes ago

State's new budget a sore spot for attorney general - Here's why...

Serena O'Sullivan

Arizona AG ‘extremely disappointed’ with state budget cuts to opioid settlement funds

Arizona Attorney General Kris Mayes released a statement saying she is "extremely disappointed" with the state's new budget on Saturday.

2 hours ago

Bipartisan state budget of $16 billion passes in Arizona Legislature...

Associated Press

Arizona lawmakers pass bipartisan $16.1 billion budget, fix $1.4 billion deficit

Arizona lawmakers passed a $16.1 billion bipartisan state budget, which Gov. Hobbs negotiated with GOP leaders, on Saturday evening.

6 hours ago

Southbound Loop 101 on-ramp in Scottsdale to close (ADOT Photo)...

Bailey Leasure

Southbound Loop 101 on-ramp in Scottsdale to close for 2 months

 The southbound Loop 101 on-ramp at Princess Drive and Pima Road in Scottsdale is scheduled to be closed for two months

7 hours ago

Improvements coming to Brooks Crossing Park (City of Chandler Photo)....

Bailey Leasure

New improvements coming to Chandler’s Brooks Crossing Park

Chandler City Council approves a construction agreement that will allow for improvements to Brooks Crossing Park.

8 hours ago

The new Desert Sage Restaurant & Bar inside the recently renovated Renaissance Phoenix Glendale Hot...

Brandon Brown/Phoenix Business Journal

Renaissance Phoenix Glendale Hotel & Spa wraps up extensive renovation

The Renaissance Phoenix Glendale Hotel & Spa hotel in Glendale recently underwent a nine-month long, multimillion-dollar renovation.

9 hours ago

Sponsored Articles

...

Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

Arizona leads nation for small business job growth, report finds