A now-hiring sign is posted at Chase Bank in downtown Phoenix. February 2023
A forecast from the Arizona Office of Economic Opportunity predicts the state's job market will continue to grow, but at a slower pace than it has been in recent years.
The report predicts 10 of 12 sectors will add jobs, with only Natural Resources and Mining and Information seeing small contractions.
"However, the overall pace of expansion is expected to be more measured than in previous years. Several factors including evolving market conditions and increased uncertainty are expected to factor into a more cautious approach to hiring for employers," Doug Walls,chief economist for the Arizona Department of Economic Opportunity said in a video statement about the report.
Walls said one cause for a slowing of growth is the housing market.
The Health Care and Social Assistance Sector is expected to see the most growth at 2.8%, followed by the Construction Sector at 1.7%.
The growth is expected to reach across the entire state, with all but Cochise and Apache counties expected to add jobs.
"Urban centers like Maricopa County expected to account for a significant share of new jobs. At the same time, counties like Pinal and Greenlee counties stand to see growth in areas tied to healthcare, public services and evolving local business opportunities."
In terms of percentages, Greenlee is expected to lead the way at 2.2% growth, followed by Pinal (1.2%), Maricopa and Graham counties (1.1% each).
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