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Phoenix's Resilient Job Market: Manufacturing and Services Shine Amid National Softening
Phoenix's job market reflects Arizona's steady growth, with the state adding 32,600 jobs for 1.01 percent year-over-year expansion, outpacing the national 0.83 percent average according to an AOL economist report. Arizona ranks eighth nationwide in private-sector job growth at 1.5 percent year-over-year, driven by natural resources, as highlighted by Governor Katie Hobbs' office data. The employment landscape features robust manufacturing and services, though specific Phoenix unemployment rates remain unavailable in recent sources, with national online labor demand down 4.8 percent year-over-year per the Conference Board. Major industries include semiconductors, construction, health care, and professional services, with key employers like TSMC's Phoenix fab, battery plants ramping up hiring, and movers such as Muscular Moving Men breaking ground on a new 70,000-square-foot headquarters. Growing sectors encompass manufacturing subfields like food and beverage, fabricated metals, and computer products, plus services in real estate, information technology, and health care, all projecting revenue and employment gains into 2026 according to AZ Big Media expert forecasts. Recent developments feature SBA's new MARC loans delivering $3.5 million to manufacturers, Kanto PPC's semiconductor groundbreaking via Arizona Commerce Authority, and optimistic 2026 outlooks amid falling housing and energy costs. Seasonal patterns tie to agriculture labor challenges in areas like Yuma, while commuting trends show concentration in North Phoenix hubs; government initiatives include fee waivers for small manufacturers and onshoring portals. The market evolves toward advanced manufacturing with AI integration, though workforce gaps persist in skilled roles. Data gaps include precise Phoenix unemployment and commuting stats. Key findings underscore positive momentum in manufacturing and services, positioning Phoenix for expansion despite national softening. Current openings include Risk Manager at AECOM, various city positions via Phoenix.gov with 37 listings, and manufacturing roles at expanding battery plants. Thank you listeners for tuning in and please subscribe. This has been a Quiet Please production, for more check out quietplease.ai.
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Published on 1 week, 4 days ago