It is great to see that Arizona is thriving!! We were ranked #2 for job growth AND ranked #4 in fastest growing state in the US!! It is also projected that the growth we have been seeing will only continue through 2026. With the projections for this type of growth, home builders have been struggling to keep up with demand.
With continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum.
Steady growth was seen across all areas of Arizona, as every major metropolitan area in the state experienced solid job growth and consistently low unemployment rates. Looking from the second quarter of 2017 to the second quarter in 2018, Arizona’s economy grew 6.8 percent compared to 5.4 percent nationwide. Employment increased by 93,900 workers, a 3.3 percent increase from Dec. 2017 to Dec. 2018, while population growth was at 2.2 percent, which was significantly higher than the 0.4 percent experienced nationwide.
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