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Phoenix Area Economic Summary (2022)

Phoenix Data & Facts

  • Phoenix is fifth most populous city in the U.S.. Population of Phoenix is 1.6 million.
  • 42.6% of its population identifies as Hispanic and 42.5% as “white”, according to 2020 census.
  • The GDP of Phoenix is $240 billion, according to 2020 data.

Table of Contents

Unemployment rate in Phoenix, Arizona

RegionUnemployment
(April,21)
Unemployment
(April,22)
United States5.7%3.3%
Arizona5.5%3.2%
Phoenix Metro Area5.2%2.7%
Maricopa County5.2%2.7%
Pinal County5.4%3.1%
Phoenix City5.6%2.8%
Source: bls.gov

Major Industrial Sectors in Phoenix by Number of employees

RankingSectorNumber of employees
1.Trade, transportation, and utilities454,000
2.Professional and business services379,000
3.Education and health services355,000
4.Government 244,000
5.Leisure and hospitality231,000
6.Financial activities213,000
7.Manufacturing143,000
8.Construction141,000
9.Other Services70,000
10.Information41,000
11.Mining & Logging3,000
Source: bls.gov

YoY change in Consumer Price Index in Phoenix

ItemsPhoenixU.S city average
All Items11.08.3
Food8.69.4
Energy32.630.3
Source: bls.gov

Highest Paying Jobs in Phoenix Area (2022)

RankingOccupationPhoenix Hourly WageU.S. avg Hourly Wage
1.Human resources managers$60.51/hr$65.67/hr
2.Electrical Engineers$48.89/hr$51.87/hr
3.Registered Nurses$39.72/hr$39.78/hr
4.Chefs & head cooks$29.64/hr$27.37/hr
5.Carpenters$23.77/hr$26.53/hr
6.Drywall and ceiling tile installers$23.48/hr$26.35/hr
Source: bls.gov

Largest companies headquartered in Phoenix Area

Phoenix is home to 4 Fortune 500 companies currently.

Serial NumberCompany NameFortune 500 ranking
1.Avnet180
2.Freeport-McMoRan157
3.PetSmart386
4.Republic Services329
Source: Fortune 500

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