The economyChip fabs, back offices, hospitals and a population still climbing.
Arizona is still adding residents: the Census Bureau’s July 2025 estimate puts the state at 7,623,818 residents, 6.5% above its 2020 base. The business base grew with it. QuickFacts counts 162,845 employer establishments in 2023 with 2,890,429 people on their payrolls, 3.7% more than a year earlier, and an annual payroll of roughly $178.8 billion, alongside 598,126 owner-run businesses with no employees at all.
The Bureau of Labor Statistics shows where those jobs sit. In August 2026 education and health services employed about 567,400 people, professional and business services 467,800, financial activities 237,900, construction 228,200 and manufacturing 192,200, all preliminary figures. Education and health services plus financial activities, about 805,300 jobs, outnumber manufacturing and construction, about 420,400, by nearly two to one, which makes Arizona as much a records, claims and servicing economy as a building one. Leisure and hospitality, by contrast, fell from 368,200 jobs in March to 359,900 in August — a seasonal swing that staffing and scheduling systems have to absorb.
The Arizona Commerce Authority, the state’s economic development agency, describes the rest of the picture on its industry pages: more than 1,250 companies in the aerospace and defense supply chain, manufacturers such as Intel, Microchip, Honeywell and Raytheon, and more than 150 data centers drawn by a climate the agency calls one of the most stable in the country. For software buyers that mix means a great deal of controlled engineering data in one corner of the economy and a great deal of repetitive financial and medical paperwork in another.