Arizona ranks No. 10 in job growth

Arizona ranks No. 10 in job growth

Arizona ranks No. 10 in job growth

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by azfamily.com

azfamily.com

Posted on March 23, 2014 at 12:49 PM

Updated Sunday, Mar 23 at 12:53 PM

TEMPE, Ariz. -- Phoenix and Arizona are among the top 10 cities and states for job growth, according to a study by the W.P. Carey School of Business at Arizona State University.

Phoenix ranked seventh among cities with 1 million or more workers for non-agricultural job growth, climbing by 2.7 percent from 2012 to 2013.

Arizona saw a 2.1 percent increase in non-agricultural job growth, ranking 10th among states.

Lee McPheters, a research professor at the W.P. Carey School, said the biggest surprise of the study was how Phoenix led all major cities in growth of finance and information-sector jobs in 2013.

Information jobs in Phoenix grew by 2,000, which was the same number as San Francisco.

Phoenix was also first nationwide in both growth rate percentage at 5.6 percent and absolute number of finance jobs added. Phoenix added 8,400 of those jobs.

"Metro Phoenix economic development efforts seem to be paying off, since both of these industries pay nationally competitive salaries and attract college-educated workers," McPheters said in a statement. "This growth is happening in Phoenix more rapidly than anywhere else."

Job growth across the United States was at 1.7 percent, the same as in 2012, according to the study.

Riverside, Calif., ranked first among cities with a job growth of 4 percent, while North Dakota was first among states at 3.6 percent. North Dakota has come in first for several years because of its oil and gas production.

West Virginia was the only state to lose jobs, seeing a 5 percent decrease, according to the study. Pittsburgh came in last of the major metropolitan cities, with a job growth rate of less than 1 percent.

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