Arizona is expected to add nearly 550,000 jobs between 2019 and 2029, barring any further major economic or political disruptions, according to a study released May 6 by the Arizona Office of Economic Opportunity.
“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 a statement. “What this means is more jobs for Arizona residents and more opportunity throughout our economy.”
The state’s growth, which represents 1.6% annualized growth, is expected to outpace the nation, which is projected to grow 0.4% annually.
The projection does slow slightly from the previous 10-year period when Arizona paced at 1.9% job growth annually.