ARIZONA NEWS

Phoenix ranked among top 10 metro areas for small business wages, job index

Apr 1, 2022, 4:15 AM | Updated: 11:34 am
(Pexels photo)...
(Pexels photo)
(Pexels photo)

PHOENIX — Small businesses in Phoenix and throughout Arizona have experienced a rise in wages and the job index over the past year, according to the Paychex IHS Markit Small Business Employment Watch report.

Phoenix ranked seventh among United States metropolitan areas in hourly earnings growth from March 2021 to March 2022. Wages increased by 5.11% to $29.70, according to the report.

Every metro area in the U.S. saw at least a 3% increase in hourly wages, and Phoenix’s weekly wage grew from $930 last March to nearly $993, according to the city.

The Valley also sits in fourth among metro areas in job hiring pace at just under 7%. Only Dallas, Atlanta and Minneapolis have higher rates, although Phoenix had the smallest one-month change in March.

Arizona ranked fourth among states in hourly wage growth at 5.23% and job index.

Hourly earnings grew 4.76% nationally, with the West region producing the highest increase at 5.04%. Arizona was the top performing state in the West in wage increases, ahead of fellow top-15 states California and Washington.

The U.S. job index dropped by 0.03% in March, just shy of the record peak it hit in January.

We want to hear from you.

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

Arizona News

(Pexels Photo)...
KTAR.com

1 dead after early-morning fire in Mesa business complex

One person was found dead after a small flash fire at a Mesa business early Thursday, first responders said.
7 hours ago
(Photo by John Moore/Getty Images)...
Associated Press

Arizona high court rejects all but 1 of Kari Lake’s election claims

The Arizona Supreme Court has declined to hear most of Republican Kari Lake’s appeal in a challenge of her defeat in the governor’s race but revived a claim that was dismissed by a trial court.
7 hours ago
(Facebook Photo/Cartwright Elementary School)...
Griselda Zetino

Valley school district switches to 4-day workweek to recruit, retain staff

A Phoenix-area school district is switching to a four-day workweek to attract new employees and entice current ones to stay on the job.
7 hours ago
(AP Photo/Mary Altaffer, File)...
KTAR.com

Arizona marijuana products voluntarily recalled due to fungus concerns

Arizona’s marijuana industry is voluntarily recalling products due to Aspergillus, a fungus that can cause allergic reactions or infection.
7 hours ago
(Johnny's Chicken & Waffles Photos)...
KTAR.com

Ne-Yo to open Johnny’s Chicken & Waffles at Westgate in Glendale

Singer-songwriter Ne-Yo announced on Tuesday that Johnny's Chicken & Waffles will open in the West Valley at the end of the month.
7 hours ago
Fossil Creek. (Facebook Photo/Coconino National Forest)...
KTAR.com

Fossil Creek, San Pedro River segment water quality improves, leads to ADEQ delisting

Fossil Creek and the lower San Pedro River near Winkelman are now safe for recreation according to the ADEQ.
7 hours ago

Sponsored Articles

...
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
...
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
Phoenix ranked among top 10 metro areas for small business wages, job index