Phoenix Job Market Cools After Post-Pandemic Boom, Highlighting Sector Shifts and Skill Demands

Phoenix Job Market Cools After Post-Pandemic Boom, Highlighting Sector Shifts and Skill Demands

Published: December 15, 2025

Duration: 4:18

Phoenix’s job market is expanding, but at a slower pace than in the immediate post-pandemic years. The city remains a regional economic magnet with relatively strong population growth, moderating inflation, and a diverse set of employers, yet hiring has cooled and competition for quality roles is rising.

The University of Arizona’s Economic and Business Research Center reports Phoenix metro job growth of about 0.4% over the year through late 2025, slower than the U.S. average, with forecasts of roughly 0.9% job growth in 2025 and a return to about 1.6% in 2026. According to the same outlook, the Phoenix-area unemployment rate is h...