This marks a notable 13.4% increase, with an annualized percentage change of 1.3%.
In 2022, Yavapai County boasted an estimated 78,904 jobs, and projections indicate a significant upswing to 89,493 jobs by 2032. This marks a notable 13.4% increase, with an annualized percentage change of 1.3%. The growth is expected to stem from various factors, including 42,781 jobs from individuals exiting the local workforce, 52,959 transferring to other areas, and 10,589 because of overall economic expansion.
Breaking down the sectors driving this economic boom, education and health services lead the charge with a remarkable 20.8% increase. The construction industry follows closely behind with a substantial 12.4% surge, while financial activities, information technology, leisure and hospitality, manufacturing, professional and business services, self-employment, and transportation and utilities are all anticipated to experience double-digit growth rates ranging from 10.6% to 17.4%.
The detailed breakdown of the projections showcases the diversification of the county’s economy, with various sectors contributing to the overall expansion. It is worth noting that the self-employed category is projected to witness a commendable 7% increase, underscoring the entrepreneurial spirit within the community.
Not every sector is poised for an upswing in job opportunities. The government sector, for instance, is anticipated to exhibit modest growth at 0.09%, underscoring a trend towards stability rather than substantial expansion. Protective Service Occupations are projected to experience a slight uptick of 1.5%, while Office and Administrative Support Occupations anticipate a marginal increase of 3.6%. Similarly, Production Operations are slated for a modest rise of 2.0%. On the contrary, the natural resources and mining sector are projected to undergo a decrease of -0.6%, hinting at a potential realignment within that industry. Additionally, the outlook for Farm and Ranch work suggests a decrease of -0.5%.
These projections provide invaluable insights for local policymakers, businesses and job seekers, offering a roadmap for strategic planning and decision-making. The county appears poised to navigate the evolving economic landscape successfully, leveraging its strengths in various sectors to foster sustainable growth.
As Yavapai County positions itself for a period of robust economic growth, the role of Arizona@Work Yavapai County is facilitating the integration of local residents into the workforce, upskilling residents to meet local demand for these positions and recruiting a qualified workforce to meet job demands, paramount to the mission of Arizona@Work Yavapai County. QCBN
By Teri Drew
Teri Drew is the executive director of the Yavapai County Workforce Development Board.
Leave a Reply