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A report released on Thursday by the Arizona Office of Economic Opportunity, which projects the Grand Canyon State will add 549,453 jobs between now and 2029. (Getty Images/iStockphoto)
PHOENIX, AZ The state of Arizona is expected to add more than 500,000 jobs over the next decade.
That s the summation of a report released on Thursday by the Arizona Office of Economic Opportunity, which projects the Grand Canyon State will add 549,453 jobs between now and 2029.
Such an jump in jobs would represent a 1.6 percent increase, more than four times the national projection of 0.4 percent during the same timeframe, the office said.
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News Release
May 6, 2021
PHOENIX The Arizona Office of Economic Opportunity is projecting the state will add more than half a million jobs over the next eight years, continuing a surge in economic growth.
“Arizona has become a jobs magnet,” said Governor Doug Ducey. “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.”
According to the Office of Economic Opportunity (OEO), Arizona will add nearly 550,000 jobs by 2029 for an annualized job growth rate of 1.6%, four times the U.S. growth rate.