Arizona's Going to Have the Fastest Job Growth in the Nation, According to Forbes

KellyB via Flickr

Remember this in the case that we're all living in shanty towns in five years -- Forbes has some remarkably good predictions for Arizona's economy.

Forbes projects that Arizona will have faster job growth over the next five years than any other state in the nation.

What percentage of those new jobs include operating the fryolator at Burger King? It's not specified.

Here's what they do say, though:
The economic picture has brightened considerably in Arizona, as the housing market stabilized and unemployment hit a post-recession low of 7.8 percent in May. As part of Forbes' annual Best States for Business, we look at 35 factors to determine the best and worst states, including projected employment. Arizona is expected to have the fastest job growth at 3 percent annually over the next five years, according to Moody's Analytics. The job gains are projected to boost household incomes 3.6 percent annually through 2017, which ranks second best in the U.S. after Illinois. The added jobs also go hand-in-hand with the state's economic growth, which Moody's forecasts to expand at a U.S.-best 4.6 percent annually.
Put that information in a time capsule and open that bad boy in 2018.

A little optimism doesn't hurt, especially a week after the Census Bureau revealed Arizona's high-poverty problem.

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Follow Matthew Hendley on Twitter at @MatthewHendley.

My Voice Nation Help

Job growth for illegals or for citizens?

shadeaux14 topcommenter

How many fucking Walmarts can they fit in this state?

danzigsdaddy topcommenter

well with all the posts i have seen here and on abc15 and a few other sites with people talking about how they made over $5000 a month or week working at home on their could i NOT believe it???????????????

WhoKnows topcommenter

I just say how the ROC in AZ is having a BIG problems just reported today, where the construction industry is back using unlicenced contractor immigrant labor.  The GOP and Forbes love to include these folks in employment numbers, then they want them to leave!

WhoKnows topcommenter

I guess this means that AZ will get more fast food workers and minimum wage telemarketer goofballs!

eric.nelson745 topcommenter

Well, yeah. But mainly in the construction industry due to pent-up demand. Remember that for nearly five years virtually no home-building was going on in the Valley.


@WhoKnows I have heard through the grapevine that several large technology companies from the Silicon Valley have been contemplating relocating to Arizona. I am not sure which ones but if they do it would be a big boost to our economy.

teknik topcommenter

@eric.nelson745 because the city was overbuilt. while build houses when you have empty ones everywhere?


@teknik @eric.nelson745 Because most of the empty houses are generally old and rundown it makes more sense to bulldoze them and build new ones.

eric.nelson745 topcommenter

@teknik @eric.nelson745 Well, let me tell you. Until June of this year I lived in a new neighborhood in Buckeye. When I moved in there in 2010, there were just a few houses on my street (5 in a row). Then in March of this year they started building again. I assume that each house built already had a buyer. Within 3 months the whole neighborhood was built out.  I'd never seen such a frenzy of home construction in my life. Yes, every house was occupied. This was all a result of pent-up demand. Really, who would by an old house when they can have a new one at a much lower price?

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