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Regional Intelligence Report ranks Phoenix high for employment growth

• Alliance Bank of Arizona’s 2018 Economic Forum presented 2017’s Regional Intelligence Report, finding Phoenix well above the national average for economic activity.

• The most notable Phoenix statistic includes a non-farm employment rate 330 basis points above the national average, largely due to Phoenix’s 1.6 percent population increase vs the 0.7 percent national increase.

• Phoenix dominates employment statewide as well, with around 2.1 million jobs in the Phoenix metro area account for approximately 75 percent of jobs statewide.

• Notable industries contributing to employment are tourism, with state park visitation up 10.3 percent, and commercial real estate development, with commercial permits up to $9.5 million from $5 million in the fourth quarters of 2017 and 2016 respectively. 

Source: JLL Research

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