Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Phoenix job growth has hit a 10-year high. According to research from Colliers International, Phoenix employers added 79,700 new jobs in 2018, a year-over-year increase of 3.9%. That is the fastest rate of job growth in a decade, and surprised researchers, who estimated between 2.5% and 3% job growth. The new employment activity also bumped Phoenix up to the fourth position on a list of the top-36 major employment markets in the country for new job growth. In 2017, Phoenix ranked fifth on the same list.

“This was a strong showing, and it was the fastest growth that we have seen in the last decade,” Thomas M. Brophy, research director for Arizona at Colliers International, tells GlobeSt.com. “Our economic planners have done a really good job of getting out in front of companies and showing all of the things that we have to offer. Companies are really responding to that, and you are seeing that and it is driving a lot of the job growth. All of their hard work at each of the economic development levels has paid off, and they are pulling in some big job players.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.