July 12, 2020
According to data from the U.S Bureau of Labor and Statistics, Arizona's job growth ranked 2nd in the nation last year. Arizona added 84,400 jobs in 2019 giving us a 2.8% increase in job growth. “Our focus will continue to be on cutting red tape and eliminating unnecessary regulations, while empowering people to get to work. My thanks to all our partners in the Legislature who have helped make Arizona competitive for people and businesses, and all the entrepreneurs and employees around the state working hard to grow our economy.” - Governor Doug Ducey Since 2015, Arizona has added more than 350,000 new private-sector jobs. From 2015 to 2019, Arizona saw the fastest decrease in its poverty rate of any state in the U.S. — equal to approximately 175,000 Arizonans who have lifted themselves out of poverty. Job growth in 2019 was driven largely by employment gains in sectors including trade, transportation, and utilities (17,700), education and health services (20,400), and professional and business services (6,600). Below are Arizona's 50 largest employers ranked by number of employees. It is important to note that since 1995 State of Arizona was the leader in jobs but has been overtaken by Banner Health int he last 5 years partly due to the increase in aging population and relocation of new residents to Arizona. *Employer name is followed with total number of employees. Banner Health - 47,000 State of Arizona - 41,847 Arizona State University - 35,730 Walmart, Inc. - 33,460 Fry's Food Stores - 21,738 University of Arizona - 20,462 Wells Fargo & Co. 17,217 City of Phoenix - 14,858 Maricopa County - 13,933 Intel Corp. - 12,190 HonorHealth - 12,163 Maricopa County Community College District - 10,870 Dignity Health Arizona - 10,598 JPMorgan Chase & Co. - 9,500 Amazon.com Inc. - 9,500 Freeport-McMoRan Inc. - 9,370 Bank of America - 9,000 Grand Canyon University - 8,682 Bashas' Family of Stores - 8,454 American Express - 7,940 Honeywell International - 7,661 State Farm - 7,600 Mayo Clinic - 7,500 UnitedHealthcare of Arizona - 7,056 Arizona Public Service Co. (APS) - 5,911 Phoenix Children's Hospital - 5,580 Salt River Project (SRP) - 5,286 Cigna - 4,700 The Boeing Company - 4,600 Abrazo Health - 4,363 City of Mesa - 4,013 Grand Canyon Education, Inc. - 3,910 Pride Group LLC - 3,883 Northrop Grumman - 3,600 Sonora Quest Laboratories - 3,328 ABM Industries - 3,125 Cox Communications Arizona - 3,100 Charles Schwab & Co. - 3,000 General Dynamics Mission Systems - 2,600 Humana, Inc. - 2,534 Waste Management - 2,352 City of Chandler - 2,227 Freedom Financial Network - 2,203 Discount Tire - 2,162 Empire Southwest - 2,160 Earnhardt Auto Centers - 2,121 Microchip Technology, Inc. - 2,000 Blue Cross Blue Shield of Arizona - 1,938 Insight Enterprises Inc. - 1,723 Avnet - 1,416 *data contributed by Phoenix Business Journal