Labor Jobs and unemployment
Labor & Unemployment
Phoenix’s long business history started in the 1800s, when citrus and agriculture became a burgeoning industry – resulting in the construction of the Roosevelt Dam to ensure ample irrigation during the state’s hot months of the year.
That wherewithal still exists today. One of the nation’s fastest-growing regions, Phoenix has long been recognized for its strong job growth, especially for aerospace, high-tech and bioscience companies. Intel is one of the area’s largest employers, as are Fortune 500 companies like Boeing and Honeywell Aerospace.
Manufacturing and tourism are also important to the city’s economy, with more than 10 million visitors from the U.S. and Canada flocking to the area each year, visiting the awe-inspiring Grand Canyon, enjoying the charm of towns like nearby Sedona, and relaxing at such luxury resorts as the Arizona Biltmore Resort & Spa, Legacy Golf Resort, Arizona Grand Resort and the recently remodeled Camelback Inn Resort & Spa.
Amidst slow economic recovery, the local job market continues to grow at a steady rate. According to Aznow.biz and economist Elliott D. Pollack, employment growth in Arizona ranks 5th in the nation and Greater Phoenix employment ranks third of all major metropolitan employment centers in the country in 2012. In the past year, according to BizJournals, Phoenix has seen employment growth in eight of ten major sectors, with a gain of 11,000 jobs in education and healthcare, 10,900 jobs in leisure and hospitality, and 10,000 jobs in trade, transporation and utilities.