The Arizona Office of Economic Opportunity released a new report in February projecting strong job growth across the state and industries. The state is expected to add more than 325,000 jobs between 2020 and 2022, which is about a 5.5% growth.
The largest gains are expected to happen in the sectors hit the hardest by the COVID-19 pandemic. One of the industries that is expected to see the greatest rate of growth, at 12.8 percent, is the leisure and hospitality industry, which has been one of the hardest hit industries nationwide due to the pandemic, stay home orders and travel restrictions. This industry is expected to see nearly 70,000 jobs in Arizona. The next greatest growth rate is expected to be in the manufacturing sector, with a 3.1 percent growth rate, meaning more than 10,000 jobs. This is 5,000 more than pre-pandemic levels.
All counties throughout the state are expected to see job growth. This is good news for job seekers, as there will be plenty of new jobs in the state across all industries.
Earlier in February, Governor Doug Ducey signed an Executive Order to renew a moratorium on all new regulatory rules by state agencies. This limits government regulations that inhibit job growth, eliminating or improving 462 rules across 26 agencies in 2020.