Arizona Business & Employment Growth Since 2009

  • 12,402 more businesses
  • 429,618 more employees
  • 17.9% increase in total wages
  • $9,033 increase in annual wages per employee
  • 21.1% increase in wages per employee

Since 2009, the number of businesses in Arizona has grown by 8.3% (3.1% less than the national average of 11.4%). Employment in Arizona has grown by 17.9% (4.3% greater than the national average of 13.6%). Wages have grown by 21.0% since the end of the Great Recession. This wage growth is 4.7% less than the national average of 25.7%.
The average weekly wage in Arizona of $997 is 10.4% below the national average of $1,101. The gap between the national average has widened from 6.3% a widening of 4.1% since the end of the recession.

Sector Growth

Business Sector Growth

The Professional services sector has the most businesses in the state of Arizona. Since the end of the recession, the number of businesses has grown from 19,870 to 24,499, a gain of 23.3%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Professional services24,49919,87023.3%
Retail trade15,74016,008-1.7%
Healthcare15,59913,44216.0%
Construction12,90215,610-17.3%
Wholesale trade12,41014,178-12.5%
Accommodation and food services11,6429,69920.0%
Other services11,23211,707-4.1%
Waste services10,5629,36912.7%
Finance and insurance9,2358,6896.3%
Real estate and rental8,7687,87111.4%
Manufacturing4,9554,8482.2%
Transport and warehousing3,4773,1809.3%
Information3,1012,18142.2%
Educational services2,5511,85637.4%
Arts and entertainment2,0941,72321.5%
Agriculture and forestry1,1061,0723.2%
Company management97277026.2%
Utilities2822666.0%
Mining and oil extraction23020611.7%

The sector that has had the strongest growth [in number of businesses] is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 17.3% since the recession.

Employment Sector Growth

The Healthcare sector has the most employees in the state of Arizona. Since the end of the recession, the number of employees has grown from 280,412 to 376,530, a gain of 34.3%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Healthcare376,530280,41234.3%
Retail trade326,697297,6839.7%
Accommodation and food services281,430222,75326.3%
Waste services248,191196,63926.2%
Manufacturing169,733153,02010.9%
Finance and insurance160,895120,18033.9%
Construction158,124128,63722.9%
Professional services153,271123,48424.1%
Wholesale trade97,22199,916-2.7%
Transport and warehousing96,27566,50244.8%
Other services75,27867,33111.8%
Educational services63,91744,81542.6%
Real estate and rental53,69846,04416.6%
Information47,32538,08024.3%
Arts and entertainment44,42732,70435.8%
Company management28,85326,5588.6%
Agriculture and forestry25,63423,7987.7%
Mining and oil extraction13,02711,00818.3%
Utilities12,10612,422-2.5%

The sector that has had the strongest employment growth [in number of employees] is the Healthcare sector, which has increased by 34.3% since 2009. The sector that has has the largest employment decline in number of employees is the Wholesale trade sector, which has declined by 2.7% since the recession.

Weekly Wage Growth By Sector

The Utilities sector has the highest average weekly wage in the state of Arizona. Since the end of the recession, the average wage has grown from $1,697 to $2,075, a gain of 22.3%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Utilities$2,075$1,6970.0%
Company management$1,734$1,3960.0%
Mining and oil extraction$1,621$1,2940.0%
Wholesale trade$1,517$1,1790.0%
Professional services$1,493$1,2440.0%
Finance and insurance$1,472$1,0960.0%
Manufacturing$1,464$1,1910.0%
Information$1,451$1,0800.0%
Construction$1,077$8490.0%
Real estate and rental$1,035$7980.0%
Healthcare$1,012$9110.0%
Transport and warehousing$969$8420.0%
Educational services$811$7470.0%
Waste services$768$6130.0%
Arts and entertainment$758$6420.0%
Other services$725$5610.0%
Agriculture and forestry$651$4780.0%
Retail trade$650$5350.0%
Accommodation and food services$428$3350.0%

The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Educational services sector, which has declined by 0.0% since the recession.


Industry Growth

Business Industry Growth

The Restaurants and other eating places industry has the greatest number of businesses in the state of Arizona. This industry currently has 9,060 businesses in it. There is no direct comparison to the total at the end of recession and is not included in the table below.

Industry20182009Pct Chg
Unclassified7,0803,4920.0%
Computer systems design and related services5,3273,1820.0%
Management consulting services4,9154,2140.0%
Offices of physicians4,6834,7240.0%
Offices of real estate agents and brokers4,1673,7410.0%
Accounting and bookkeeping services3,2302,7700.0%

The top industry that has had the largest increase in the number of businesses is the Unclassified industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of businesses is the Offices of physicians industry, which has declined by 0.0% since the recession.

Employment Industry Growth

The Restaurants and other eating places industry has the greatest number of employees in the state of Arizona. This industry currently has 214,840 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
General medical and surgical hospitals90,92672,1770.0%
Offices of physicians58,51049,8620.0%
Supermarkets and other grocery stores54,51951,5130.0%
Professional employer organizations48,67849,8700.0%
Temporary help services48,16328,7490.0%
Hotels and motels except casino hotels43,98441,6720.0%

The top industry that has had the largest increase in the number of employees is the Temporary help services industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of employees is the Professional employer organizations industry, which has declined by 0.0% since the recession.

Weekly Wage Growth By Industry

The Commodity contracts dealing industry has the highest average weekly wage in the state of Arizona. Since the end of the recession, the average wage has grown from $1,582 to $9,048, a gain of 471.9%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Commodity contracts dealing$9,048$1,5820.0%
Reinsurance carriers$3,860$1,5470.0%
Spectator sports$3,358$2,6070.0%
Commodity contracts brokerage$2,723$1,0800.0%
Semiconductor and electronic component mfg.$2,663$1,7260.0%
Other financial vehicles$2,586$1,9390.0%
Computer and software merchant wholesalers$2,566$1,7930.0%

The top industry that has had the strongest wage growth is the Commodity contracts dealing industry, which has increased by 0.0% since 2009. The top industry that has has the largest wage decline is the Other financial vehicles industry, which has declined by 0.0% since the recession.


Company Size

Business Growth By Company Size

The biggest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 126 to 174, which is an increase of 38.1%.

The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 21,020 to 22,472, which is an increase of 6.9%.

Table: Change in the number of Businesses by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees100,09390,38810.7%
5-9 Employees22,47221,0206.9%
10-19 Employees16,51214,33815.2%
20-49 Employees12,2019,68026.0%
50-99 Employees4,2893,52921.5%
100-249 Employees2,7442,17626.1%
250-499 Employees75259825.8%
500-999 Employees31523235.8%
More Than 1,000 Employees17412638.1%


Employment Growth by Company Size

The biggest percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees in companies this size has grown from 159,201 to 218,725, which is an increase of 37.4%.

The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 137,895 to 147,562, which is an increase of 7.0%.

Table: Change in the number of Employees by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees135,198124,4608.6%
5-9 Employees147,562137,8957.0%
10-19 Employees221,479192,63315.0%
20-49 Employees365,520290,01026.0%
50-99 Employees293,612240,00222.3%
100-249 Employees406,410323,94525.5%
250-499 Employees255,870202,34226.5%
500-999 Employees218,725159,20137.4%
More Than 1,000 Employees367,411280,59430.9%


Weekly Wage Growth by Company Size

The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $839 to $1,177, which is an increase of 40.3%.

The smallest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $1,152 to $1,407, which is an increase of 22.1%.

Table: Change Average Weekly Wage by Size Since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$1,162$84337.8%
5-9 Employees$895$67732.2%
10-19 Employees$847$67425.7%
20-49 Employees$844$68623.0%
50-99 Employees$913$71927.0%
100-249 Employees$946$74826.5%
250-499 Employees$1,041$79031.8%
500-999 Employees$1,177$83940.3%
More Than 1,000 Employees$1,407$1,15222.1%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.