Workforce Insights: Phoenix, AZ - Salaries, Employment Trends, and Key Industry Data

2025 This report provides a detailed overview of salary ranges, employment figures, and workforce trends for key industrial roles, offering insights into local hiring landscapes. It supports employers and HR professionals in workforce planning and salary benchmarking by highlighting regional dynamics and industry-specific data. Job Title Low hourly Wage Medium hourly Wage High hourly Wage Number Employed % of Working Population Machine Operators $19.00 $22.00 $25.00 10,000 1.7% Material Handlers $18.00 $20.00 $22.00 12,000 2% Forklift Operators $19.00 $21.00 $24.00 11,000 1.8% Electro-mechanical Assemblers $21.00 $24.00 $26.00 7,000 1.2% Quality Inspectors $20.00 $23.00 $28.00 8,000 1.3% Maintenance Technician $24.00 $30.00 $35.00 15,000 2.5% CNC Machinist $24.00 $30.00 $35.00 6,000 1% ● Rapid growth with a 2.0% recent job growth rate, surpassing the national average. ● As of August 2024, the Phoenix metro area added 48,800 jobs, which is a 2.2% increase from August 2023. Employment Growth ● Phoenix area unemployment rate is approximately 3.7% compared to the National average of 4.2%. Unemployment Rate ● Scheduled increases align with inflation adjustments. ● Current minimum wage: $14.70/hour. Minimum Wage Increase ● Observed wage growth, particularly in manufacturing and tourism industries. ● Median salary: $70,000/year. ● Compensation costs, which include wages and benefits, increased by 3.3%. Wage Trends INDUSTRIAL STAFFING Workforce Insights: Phoenix, AZ Salaries, Employment Trends, and Key Industry Data The salaries listed are estimates and may vary based on experience, location, and industry demand.

● Key industries include manufacturing, technology, aerospace, automation and tourism. ● Arizona was ranked No. 1 in the U.S. for manufacturing growth in 2024. ● Semiconductor manufacturing is a rapidly growing sector. Industry Highlights ● Moderate cost of living attracts businesses and residents. ● Median home price: $410,000. Inflation and Cost of Living ● Phoenix ranks as the 11th hottest labor market in the U.S. based on factors like pay growth, wages, and hiring rates. ● Arizona’s GDP grew by by 1.6% in 2024. Economic Growth & Trends ● Expansion in manufacturing and tech-driven industries. ● $15 billion invested in semiconductor plants. Industry-Specific Developments ● Rapid growth creates intense competition for skilled labor. ● Shortages in tech-related roles reported by 35% of employers. Staffing Changes By leveraging these insights, businesses can make informed decisions to remain competitive in a dynamic labor market, align compensation strategies with market realities, and address staffing challenges proactively. To stay ahead in today’s rapidly evolving economic landscape, we encourage you to delve deeper into localized trends and leverage this data for strategic workforce planning. For more tailored insights or assistance with your hiring needs, contact our team of experts to explore customized solutions that drive success in your organization.