Maricopa County #1; Greater Phoenix #2: Fastest U.S. Metro Growth in 2020https://www.phoenix.gov/newsroom/ced/1887Community and Economic Development5/10/2021 10:00:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1887/NEWSROOM_CED_210016.jpgMaricopa County #1; Greater Phoenix #2: Fastest U.S. Metro Growth in 2020<div class="ExternalClass34C93A6ECF1B42EC845E6DB3DD56B398"><html> <p>​When the news gets out that Greater Phoenix is one of the top places in the nation to find a new job opportunity, people start heading to Arizona. Late in 2018 and early in 2019, that news started getting out in ranking after ranking. <br></p> <p style="text-align:center;"> <em>By Eric Jay Toll for the PHXNewsroom</em> <br> </p> <p>Job opportunities await and a new population follows. The jobs available today are filling roles in the expanding knowledge economy, and growing technology, bioscience and manufacturing sectors. The quality of life in Phoenix is making it easier for companies to recruit from other areas.</p> <p> <em>This is the second in a series of three articles about indicators showing exceptional growth in the Phoenix and Arizona economies. The first article, “<a target="_blank" href="/newsroom/ced/1880">Phoenix Tops Nation in April Small Business Wage Gains; Arizona is Third​</a>,” was published on May 5. The third article, about the number of new housing starts in Greater Phoenix and how it compares nationally, will publish later the week of May 17.</em> </p> <p>As of July 1, 2020, the U.S. Census Bureau estimated that the metro area population grew by an average of 291 people every day. Maricopa County saw its population climb by 86,820, more than any other U.S. county. The entire Phoenix-Mesa-Chandler metro area grew by an estimated 106,008 to 5.1 million people, the fastest pace of the top 10 metro areas.</p> <p>Census Bureau population estimates differ from the 2020 Decennial Census in that the estimates are calculated projections for the period from July 1, 2019, through June 30, 2020. </p> <p>Jobs and quality of life are the magnets drawing new populations. More than 80 percent of Arizona’s 2020 population increase moved into Greater Phoenix. Normally, between 67 percent and 70 percent of Arizona’s population lives in Phoenix. With more people moving to Phoenix, the more companies looking to expand are drawn to the area for its quality workforce.</p> <p>The metro posted a 2.1 percent population gain, the 16th fastest percentage nationally. Greater Phoenix remains the 10th most populous metro area. The three largest metro areas, New York City, Los Angeles and Chicago, all lost substantial populations in 2020 compared to 2019.</p> <p>The new population in the Phoenix metro was helped by a steady birthrate, 57,251, up from 56,978 in 2019. Bucking the national trend of a declining birth rate, Greater Phoenix held constant, with an average of 57,000 over the last five years. </p> <p>In 2020, Phoenix added 6,590 people who moved here from foreign countries. The global in-migration, however, was down from nearly 8,300 in 2019. The 2020 number is less than half the 15,575 who moved here from an international address in 2015. The remaining population increases came from other states or counties within Arizona. Metro-to-metro and state-to-state migration data are released late in the summer.</p> <p>City population estimates are expected around the end of May. Population estimates are calculated by the Census Bureau using sampling techniques, birth and death rates, and new housing unit starts. The estimates are not the same as the actual population count that makes up the decennial census. Decennial census data won’t be released until late in 2021. The first official 2020 Census data released, the reapportionment census, pegged the state’s population at 7.2 million. <br></p> </html></div>https://www.phoenix.gov/econdevNewscedCED
Phoenix Tops Nation in April Small Business Wage Gains; Arizona is Thirdhttps://www.phoenix.gov/newsroom/ced/1880Community and Economic Development5/5/2021 1:45:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1880/NEWSROOM_CED_210014.jpgPhoenix Tops Nation in April Small Business Wage Gains; Arizona is Third<div class="ExternalClassD11F5C61AAF0406C912804BB4853CFF3"><html> <p>P​hoenix topped the nation with a 5.67 percent hourly wage hike, based on one-month annualized wage growth data, in small businesses compared to a year ago, according to the monthly Small Business Employment Watch from Paychex IHS Markit.<br></p> <p style="text-align:center;"> <em>​By Eric Jay Toll for the PHXNewsroom</em> <br> </p> <p>The average metro area small business is currently paying wages of $28.26 per hour. The U.S. average is $29.09, increasing only 2.84 percent.  Arizona ranked third in wage growth, with a 4 percent increase over last year to $27.11. Missouri’s 4.84 percent growth was tops in the nation, and Georgia was second with 4.4 percent. Wages rose more in the Northeast, up 3.7 percent, followed by 2.94 percent in the West. The South lagged behind the other regions reporting a 2.09 percent wage gain for small business workers. </p> <p>Arizona and Phoenix, third among states and cities respectively, both placed third in the nation for small business job growth according to Paychex.  For Arizona, April 2021 saw small business job growth of 4.9 percent over April 2020.  Greater Phoenix clocked similar growth with a 4.6 percent increase during that time.</p> <p>Nationally, job gains in April marked the first month in the last 12 in which all regions of the country showed positive growth rates. The West led the regional list with 4.26 percent in job gains. The Midwest was the lowest with a 3.31 percent job gain. According to Paychex, the national average for job gains is 3.92 percent.</p> <p>Phoenix’s performance has been relatively strong across the last year. After April and May 2020, when jobs plummeted because of the pandemic lockdown, Phoenix was among the top five metro areas for job performance. Over the past year, Greater Phoenix saw fewer jobs lost than most metro areas. In months with job increases, Phoenix was among the leaders.</p> <p>The monthly Small Business Employment Watch from Paychex IHS Markit calculates job and wage gains based on the data generated by businesses using Paychex for payroll and human resource services. Over the past year, Phoenix has shown substantial numbers in both jobs and wage gains, holding a steady ranking among the top tier of metro areas measured by Paychex. <br></p> </html></div>https://www.phoenix.gov/econdevNewscedCED
Greater Phoenix Adds 10,000 Jobs in Marchhttps://www.phoenix.gov/newsroom/ced/1864Community and Economic Development4/22/2021 3:00:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1864/NEWSROOM_CED_210011.jpgGreater Phoenix Adds 10,000 Jobs in March<div class="ExternalClass24347DCF6AB04170B16472CBB24FB658"><html> <p>The Greater Phoenix metro area gained almost 10,000 jobs in March 2021 over February numbers in the Arizona Office of Economic Opportunity latest report. The Phoenix workforce grew to 2.2 million in the 13 months since the coronavirus pandemic started. Year-over-year, the metro area workforce is still over 50,000 jobs short of March 2020 numbers.<br></p> <p style="text-align:center;"> <em>By Eric Jay Toll for PHXNewsroom</em> <br> </p> <p>The OEO data show the Greater Phoenix workforce about 97.6 percent of last year’s number for March. In February 2021, the metro area was at just over 96 percent of the prior year’s job numbers.</p> <p>In terms of numbers, most new jobs fell within the Leisure and Hospitality sectors, with 4,100 new hires in March, 2,400 in arts and entertainment alone, and another 1,700 in food services and drinking places.</p> <p>Construction hired an additional 2,700 more than February, healthcare added 2,000, transportation and warehousing filled 1,800 positions, and manufacturing added 1,000 new jobs in March. These four industry sectors added over half the new Greater Phoenix jobs in month-over-month data.</p> <p>In year-over-year comparisons, the transportation and warehousing sector added 16,000 new jobs, and healthcare services gained 6,500 jobs over last year. Professional, scientific and technical employment grew by 4,600 in year-over-year data, and banking increased new hires by 3,900. Virtually all other industry sectors hired fewer than last year, with leisure and hospitality down by 34,100 workers compared to the previous year.</p> <p>The Phoenix metro’s unemployment rate dropped to 6.1 percent in March, down from 6.7 percent in February. Last year, while the pandemic started its impacts in March, the severe job losses didn’t occur until April. The unemployment rate in March 2020 for Greater Phoenix was 4.6 percent.<br></p> </html></div>https://www.phoenix.gov/econdevNewscedCED
Mayor Celebrates Exporters at Phoenix Sister Cities Virtual Mayor’s Export Awards Luncheonhttps://www.phoenix.gov/newsroom/ced/1853Community and Economic Development4/15/2021 2:00:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1853/NEWSROOM_CED_210020.jpgMayor Celebrates Exporters at Phoenix Sister Cities Virtual Mayor’s Export Awards Luncheon<div class="ExternalClass9E6235F1AEDF4682B47607751EC4A87D"><html> <p>​​Honeywell Aerospace, Sharon Harper, Daphne’s Headcovers and Carol Colombo are the Phoenix export champions of the year. These companies and business leaders were recognized by Mayor Kate Gallego for efforts promoting global trade for the Phoenix economy. Phoenix Sister Cities Commissioner Sonya Pastor LaSota presented this year’s sixth annual awards on April 15 at the virtual Mayor’s Export Awards Luncheon. The awards recognize contributions made in advancing the Phoenix export economy and draw attention to those who have demonstrated export excellence. <br></p> <p>Phoenix is resilient. COVID-19 impacted us all differently last year, but businesses and community leaders around the Valley continued to contribute to the Phoenix export economy. From further building Phoenix’s relationship with Taiwan, to maintaining its competitiveness through global trade, Phoenix continues  to be one of the five fastest-growing economies in the United States .</p> <p>“Exports are critical to economic growth in Phoenix,” Phoenix Mayor Kate Gallego said. “We encourage companies to enter the export market and to increase exports in order to create better jobs in Phoenix. We can grow together by working closely with our sister cities Hermosillo, Mexico; Calgary, Canada; and others.”</p> <p>The Export Champion of the Year is Sharon Harper with Plaza Companies. Chairman, CEO and co-founder, Harper has been intimately involved in the shaping of international economic development for decades. As one of the original founding board members of the Greater Phoenix Economic Council in 1989, Harper served as the Chairwoman of the board in 2003 and co-chaired GPEC’s International Council since it commenced in 2007. As a member of the McCain Institute for International Leadership, a Washington, D.C.-based think tank, Harper works to advance security, economic opportunity, freedom and human dignity in the United States and around the World.</p> <p>Harper’s efforts to move the National Defense Authorization Act forward has propelled Arizona to be an international competitor on the manufacturing front, most notably on semiconductor manufacturing. Most recently,Harper has been intimately involved with the City of Phoenix in bringing global companies to this market, facilitating the supply chain that will join semiconductor giant, TSMC, here in Phoenix. Her tireless efforts to ensure Phoenix is a globally recognized competitor are apparent each day in her work to support local businesses on the international stage.</p> <p>The Exporter of the Year is Jane Spicer, CEO of Daphne’s Headcovers. Daphne’s Headcovers was founded by Spicer when she was 16 years old. Four decades later, the company is still providing jobs in Phoenix. Named for Spicer’s mother and mentor, the company established the novelty headcover niche with local roots in the Arizona Biltmore golf shop. Daphne’s Headcovers’ strong culture and core values have allowed it grow in good times and bad. It is now the oldest privately-held golf accessory company in the United States. Daphne’s Headcovers are carried by more than 200 professional golfers, including Tiger Woods, Dustin Johnson, Nelly Korda, Lydia Ko, Greg Norman and many more. Now a multi-million-dollar company that exports to more than 75 countries, Daphne’s Headcovers core value is: “We must do good while we are doing well.” Spicer puts her money where her mouth is, supporting Golf Fore  Africa, The First Tee, Veterans Golf Association, Gabriel’s Angels, and Girls Golf of Phoenix.</p> <p>The Export Service Provider of the Year is Honeywell Aerospace. Headquartered in Phoenix, Honeywell Aerospace is a manufacturer of aircraft engines, avionics, and many other aviation products and services found on virtually every commercial, defense and space aircraft in the world. In 2020, the company opened a new division in Phoenix dedicated to urban air mobility and unmanned aerial systems, with potential applications in all-electric urban air taxi vehicles, hybrid-electric unmanned cargo drones, optionally piloted airplanes, delivery drones and everything in between. Honeywell Aerospace is helping to keep Phoenix on the leading edge of technology.</p> <p>The Trilateral Trade Champion is Carol Colombo, CEO of AlertGPS, a workforce safety solutions company. Since 1994, Colombo has been the State of Arizona’s liaison to the United States Trade Representative’s Office. She has advised many past administrations in Arizona regarding international trade and economic development. Colombo has lobbied and helped obtain state and federal funding for trade, transportation and economic development initiatives that have been implemented throughout North America. She is a past-president of the Arizona Mexico Commission and past Co-Chair of the Governor’s CANAMEX Task Force. As a member of the Trade and Transportation Corridor Alliance, she developed Arizona’s statewide foreign direct investment framework. Colombo has passionately and effectively advocated for the ratification of the USMCA. Her advice, guidance, and involvement ensured that Arizona’s USMCA voice was not just heard, but significantly amplified.<br></p> </html></div>https://www.phoenix.gov/econdevNewscedCED
SBA Opens Grants for 'Shuttered Venue Operators'https://www.phoenix.gov/newsroom/ced/1848Community and Economic Development4/8/2021 5:00:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1848/NEWSROOM_CED_210013.jpgSBA Opens Grants for 'Shuttered Venue Operators'<div class="ExternalClass20CCFB694016467281B5E96A516632A5"><html> <p><em><strong>Important note: This SBA program is on hold as of April 14, 2021. The article contains links and information about the program, but no applications are being accepted.</strong></em><br></p><p>Help is here with $16.2 billion for venues, theatres, and more <br></p> <p>The <a href="https://www.sba.gov" target="_blank">U.S. Small Business Administration</a> officially opened the <a href="https://www.svograntportal.sba.gov/s/" target="_blank">Shuttered Venue Operators Grant</a> application portal on April 8, 2021, for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the COVID-19 pandemic.  </p> <p>“Concerts, plays, dance performances, movie premieres, museum exhibits – these are the lifeblood of culture and community, and often the anchor for travel, tourism and neighborhood food and retail stores. We know that for the stage and venue operators across the nation that help make this culture happen, the pandemic has been devastating. Too many have been forced to lower the final curtain on their businesses. Today, with more than $16.2 billion available through the Shuttered Venue Operators Grants, help is here,” said SBA Administrator Isabella Casillas Guzman. “The SBA is committed to moving as quickly as possible to deliver this vital funding effectively and equitably - ensuring relief goes to those venue operators whose revenues have been most impacted by the pandemic.”  <br></p> <p>The SVOG program was appropriated more than $16.2 billion for grants via the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act and the American Rescue Plan Act [congress.gov]. Of these funds, at least $2 billion is reserved for eligible SVOG applications with up to 50 full-time employees. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue up to a maximum amount of $10 million for a single grant.  <br></p> <p>The SBA is accepting SVOG applications on a first-in, first-out basis and allocating applicants to respective priority periods as it receives applications. The first 14 days of SVOG awards, which are expected to begin in late April, will be dedicated to entities that suffered a 90% or greater revenue loss between April and December 2020 due to the COVID-19 pandemic. The second 14 days (days 15-28) will include entities that suffered a 70% or greater revenue loss between April and December 2020. Following those periods, SVOG awards will include entities that suffered a 25% or greater revenue loss between one quarter of 2019 and the corresponding quarter of 2020. <br></p> <p>​The SBA has posted a <a href="https://www.youtube.com/watch?v=CNWsgR9ESUs" target="_blank">national informational webinar</a> to highlight the application process for potential eligible entities. The agency also provided recurrent program updates and information via <a href="https://www.sba.gov/document/support-faq-regarding-shuttered-venue-operators-grant-svog" target="_blank">frequently asked questions</a>, additional <a href="https://www.sba.gov/funding-programs/loans/covid-19-relief-options/shuttered-venue-operators-grant#section-header-13" target="_blank">video tutorials</a>, an <a href="https://www.sba.gov/document/support-shuttered-venue-operators-grant-preliminary-application-checklist" target="_blank">application checklist</a>, and <a href="https://www.sba.gov/document/support-shuttered-venue-operators-grant-eligibility-requirements" target="_blank">eligibility requirements</a> [sba.gov] through SBA’s dedicated <a href="https://www.sba.gov/funding-programs/loans/covid-19-relief-options/shuttered-venue-operators-grant" target="_blank">SVOG website</a> - www.sba.gov/svogrant [sba.gov] - and targeted outreach to potential applicants.  <br></p> <p>As the SBA built the SVOG program from the ground up, it worked closely with its federal partners, including those dedicated to the affected industries such as the National Endowment for the Arts and Institute of Museum and Library Services, and Congressional authors in analyzing the legislation and Congress’ intent. The agency also consulted industry partners, such as the National Independent Venue Association, National Association of Theatre Owners, National Independent Talent Organization, Performing Arts Alliance, Broadway League, American Alliance of Museums and the Associations of Art Museum Directors, Children’s Museums, Science and Technology Centers, and Zoos & Aquariums. The SBA’s collaboration with these organizations has been vital to SBA’s understanding of and guidance for potential SVOG applicants and the agency looks forward to their continued partnership during the launch of the program.  <br></p> <p>In addition, SBA’s resource partners, including SCORE Mentors, Small Business Development Centers, Women’s Business Centers and Veterans Business Outreach Centers, are available to provide entities with individual guidance on their applications. Applicants can find a local resource partner via SBA’s website at <a href="https://www.sba.gov/local-assistance" target="_blank">SBA Local Assistance</a> or via a <a href="https://www.sba.gov/local-assistance/find" target="_blank">zip code</a> at www.sba.gov/localassistance [sba.gov]. (Per federal grant program guidelines that the same and equal information needs to be provided to each applicant, SBA’s team members are limited on responses they can provide to individual, specific questions regarding SVOG eligibility, potential grant amount, or other detailed information.) <br></p> <p>More information is available from <a href="https://sba.gov" target="_blank">SBA.gov</a>​.<br></p> </html></div>https://www.phoenix.gov/econdevNewscedCED
​Paid Summer Internships Looking for Youth and Young Adult Candidates Nowhttps://www.phoenix.gov/newsroom/ced/1845Community and Economic Development4/6/2021 9:00:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1845/NEWSROOM_CED_210003.jpg​Paid Summer Internships Looking for Youth and Young Adult Candidates Now<div class="ExternalClass1F32C1ED2FAB4D11894D8982E3316C61"><html> <p>Paid employment opportunities are now open for youth and young adults located within the city through the Phoenix Youth RISE Summer Youth Employment program.  Interested youth and young adults looking to gain real-world work experience with employers in the city of Phoenix can apply online at <a title="HR Department Websitre" href="/hr" data-cke-saved-href="https://www.phoenix.gov/hr" target="_blank">Phoenix.gov/HR</a>.</p> <p style="text-align:center;"><em>By Eric Jay Toll for PHXNewsroom</em><br></p><p>As an intern, the work experience helps participating employers use skills to complete lagging projects, jump-start new ones or catch up on work that may have been set aside during the long days of the pandemic. </p> <p>“It’s heartening to see summer job opportunities returning for our young people with the Phoenix Youth RISE program for 2021,” said Phoenix Mayor Kate Gallego. “For businesses, this is a unique chance to mentor and guide our workforce of the future, which is critically important to the continued growth and success of our city." </p> <p>Phoenix Youth RISE covers 80 summer intern hours for four weeks through the months of June and July. The program connects employers with youth and young adults who have undergone skills training and work-readiness preparing them to work up to 20 hours per week.</p> <p>There are still opportunities for employers to offer internships through the program. The city pays all training and wage costs for employers.</p> <p>More information is available by emailing <a href="mailto:PWCYouthPrograms@Phoenix.gov?subject=Query about Phoenix Youth RISE:" data-cke-saved-href="mailto:PWCYouthPrograms@Phoenix.gov?subject=Query about Phoenix Youth RISE:" target="_blank">PWCYouthPrograms@Phoenix.gov</a> or visiting <a title="Arizona@Work website" href="https://www.arizonaatwork.com/phoenix" data-cke-saved-href="https://www.arizonaatwork.com/phoenix" target="_blank">ARIZONAatWORK.com/Phoenix</a>. Download a flyer from <a title="Youth rise flyer" href="https://www.arizonaatwork.com/Phoenix/Youth" data-cke-saved-href="https://www.arizonaatwork.com/Phoenix/Youth" target="_blank">Phoenix Youth RISE</a>.<br></p><br></html></div>https://www.phoenix.gov/econdevNewscedCED
Paychex: Phoenix Small Business Hiring and Wages Show Pandemic Rebound in Marchhttps://www.phoenix.gov/newsroom/ced/1840Community and Economic Development3/31/2021 1:30:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1840/NEWSROOM_CED_210012.jpgPaychex: Phoenix Small Business Hiring and Wages Show Pandemic Rebound in March<div class="ExternalClass159E3D8318B040279054F8CB5B536EFA"><html> <p>Small company hiring in Phoenix moved into positive territory with March gains over February 2021, according to the Paychex IHS Markit Small Business Watch for the third month of 2021. New jobs posted a 0.61 percent gain in month-over-month dating, placing Greater Phoenix second behind Dallas, Texas.<br></p> <p style="text-align:center;"> <em>By Eric Jay Toll for PHXNewsroom</em> <br> </p> <p>Job gains in Phoenix, paired with a nearly 4 percent year-over-year increase in weekly wages, show ongoing economic recovery signs. The average earnings in the Valley grew to $940 per week, placing the metro area tenth among large markets. Riverside, California, topped the list with an 8 percent earnings jump. Boston was second with nearly 6 percent, followed by almost 5 percent hikes in New York and San Francisco.</p> <p>In addition to increases in the number of hires, people are working more hours per week. Greater Phoenix landed in the top five metro area rankings for weekly workhours in March 2021, up 0.94 percent over last March. Tempered by the mid-March 2020 pandemic start, the year-ago figure reflects the beginning of the state-ordered lock-down.<br></p><p><em></em><img src="/econdevsite/MediaAssets/NewsRelatedImages/PHXNewsroom/Greater-Phoenix-March-Small-Company-Wages.jpg" alt="Graphic, image shows Phoenix metro wages for small companies" style="margin:5px;width:495px;" /><br></p> <p><em>In the image above, Phoenix is showing gains in wages and earnings, placing the metro 10th among the largest U.S. metros for wage growth. (Credit: Paychex)</em><br></p><p>Paychex, a national payroll and human resources support company for small businesses, has its western regional headquarters in Phoenix. The Small Business Employment Watch is its monthly publication assessing economic change among the company’s hundreds of small business clients around the U.S.</p> <p>The gains in March are a continuing show of economic recovery in Greater Phoenix. The March 2021 small business employment numbers come on the heels of last week’s Arizona Employment Report, which also shows overall Phoenix area hiring continuing month-over-month growth. The Paychex small company year-over-year data show the small business workforce is 3.3 percent less in March than the same month last year. The Arizona Office of Economic Opportunity’s most current metro area workforce numbers report the Phoenix metro February workforce at 3.6 percent less than the previous year for all companies. <br></p><p><img src="/econdevsite/MediaAssets/NewsRelatedImages/PHXNewsroom/Small-Company-Hiring-Trends-2005-2021.jpg" alt="Graphic, image shows national hiring trends from April 2005 to March 2021." style="margin:5px;width:495px;" /><br></p> <p><em>​Looking back to April 2005, across the nation, hiring plummeted in the 2008 Great Recession and again in 2020's pandemic--although not as many jobs were lost. </em>Source: Paychex.<br></p><p>Despite a solid March 2021 earnings gain in the Phoenix metro, the average small company pays its workers $28.08 per hour, about a dollar-an-hour less than the national average. The U.S. Bureau of Economic Analysis reported Arizona shares the nation’s lead for year-over-year 2020 personal income growth with an 8.4 percent increase. According to Paychex, wages and earnings, one component of personal income, are rising more slowly among small companies.​<br></p> </html></div>https://www.phoenix.gov/econdevNewscedCED
Arizona Tied for Tops in Nation for 2020 Personal Income Growth; 13,000+ More Hired in Februaryhttps://www.phoenix.gov/newsroom/ced/1837Community and Economic Development3/29/2021 5:00:00 PMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/1837/NEWSROOM_CED_210010.jpgArizona Tied for Tops in Nation for 2020 Personal Income Growth; 13,000+ More Hired in February<div class="ExternalClass31867138AEF44D32AEDC2368FB9E7CBE"><html> <p></p> <p>Arizona tied for the top slot in personal income growth comparing 2020 over 2019. Both Arizona and Montana reported an 8.4 percent hike, according to data from the U.S. Bureau of Economic Analysis.</p> <p style="text-align:center;"> <em>By Eric Jay Toll for PHXNewsroom</em> </p> <p>In February, Greater Phoenix gained 13,400 jobs over January 2021, putting the workforce within 3.6 percent of February 2020’s employment totals. The Arizona Office of Economic Opportunity pegged the metro workforce during the month at just 3.6 percent fewer hires than 2020’s last pre-pandemic month. Pandemic layoffs began late in March 2020, with April and May showing the worst of the year’s employment situation .</p> <p>The employment and personal income numbers are showing signs of economic strengthening in Arizona. The data set trajectory puts the state on a path to equal or exceed pre-pandemic hiring this month. The data released on April 21 will tell the tale.</p> <p>Greater Phoenix hiring in logistics was up 14.3 percent in February, compared to a year earlier. Hiring in banking increased the workforce by 5.2 percent over last year, while jobs in the finance and insurance sector rose 2.4 percent. The bioscience healthcare sectors were up nearly 1 percent over 2019. All other sectors are still below February 2020 workforce levels.</p> <p>Greater Phoenix posted a 6.7 percent unemployment rate, statistically unchanged from January but well over the 3.8 percent rate a year earlier .</p> <p>BEA’s personal income includes all wages and salaries, Social Security, government benefits, dividends and interest, and business ownership proceeds. Across the U.S., in 2020, personal income totals reflect the first stimulus payment and the pandemic-generated supplemental unemployment income.</p> <p>Nationally, state personal income growth averaged 6.1 percent in year-over-year comparisons. Utah was third behind Montana with 8.2 percent, Idaho placed fourth at 8.1 percent, and Rhode Island was fifth, posting a 7.7 percent gain. Of the ten states with the highest personal income gains during the pandemic, half were in the West.</p> <p>BEA says that the 2020 boost in average personal income reflects government payouts from the CARES Act stimulus package. However, across the nation, wages and earnings were down by an average of 0.3 percent. Arizona’s average wages were up, pushing capita personal income up to $48,950. Arizona per capita personal income remains about $10,000 under the national average, $59,729.<br></p><div><br></div> </html></div>https://www.phoenix.gov/econdevNewscedCED



Community and Economic DevelopmentPHXEconDevhttps://www.phoenix.gov/econdevCommunity and Economic DevelopmentcedCEDhttps://www.youtube.com/user/cityofphoenixazhttps://nextdoor.com/agency-detail/az/phoenix/city-of-phoenixPHXEcondevphoenixecondevTwitter



COVID-19 Testinghttps://www.phoenix.gov/newssite/Lists/AdBox/DispForm.aspx?ID=19https://www.phoenix.gov/newssite/Lists/AdBox/Attachments/19/Virus_Slider_Public_testingB.pngCOVID-19 Testing<div class="ExternalClass9084C8DD45B84256A8E5DBBB547B1775"><html>Learn about COVID-19 Testing with no out-of-pocket costs.<br></html></div>Newshttps://www.phoenix.gov/newsroom/em-and-hs/15613/25/2021 8:47:20 PM9/25/2021 8:47:20 PM

​Share this pageArchived Press Releases