Economist Lee McPheters, director of the JPMorgan Chase Economic Outlook Center, shares the latest information on the Phoenix economy at the Economic Club of Phoenix Luncheon on March 29, 2017. The takeaways: The Phoenix metro area is ninth in job growth, eighth in the number of new jobs, fifth in population growth, and second in domestic migration. Listen to hear about other states' economy.

1. The Economic Minute
March 29, 2017
Economic Club of Phoenix

2. Phoenix is 9th in Metro Job Creation
(Percent Change - 12 Month Moving Average - Through Feb 2017)
1. Orlando (4.1%)
2. Austin (3.6%)
3. Tampa (3.5%)
4. Atlanta (3.4%)
5. San Francisco (3.3%)
Metro Areas With Labor Force Greater Than One Million Workers
6. Riverside (3.3%)
7. Seattle (3.3%)
8. Dallas (3.3%)
9. Phoenix (3.0%)
10. Miami (2.8%)
Source: Job Growth USA, W.P. Carey School of Business & U.S. Bureau Labor Statistics, March 24, 2017

3. 1. New York (154,480)
2. Los Angeles (129,333)
3. Dallas (111,400)
4. Atlanta (88,130)
5. San Francisco (75,930)
6. Miami (71,540)
7. Seattle (63,120)
8. Phoenix (57,830)
9. Wash. D. C. (55,700)
10. Philadelphia (52,570)
Phoenix is 8th in Number of New Jobs
(Number of New Jobs - 12 Month Moving Average - Through Feb 2017)
Metro Areas With Labor Force Greater Than One Million Workers
Source: Job Growth USA, W.P. Carey School of Business & U.S. Bureau Labor Statistics, March 24, 2017

4. 1. Austin (2.9%)
2. Orlando (2.5%)
3. Las Vegas (2.2%)
4. Tampa (2.1%)
5. Phoenix (2.0)%
Metro Areas With Population Greater Than Two Million Residents
6. Charlotte (2.0%)
7. Dallas (2.0%)
8. San Antonio (2.0%)
9. Seattle (1.9%)
10. Houston (1.9%)
Phoenix is 5th Fastest Growing Large Metro
(Percent Growth in Population – 2016 vs. 2015)
Source: U. S. Census Bureau, March 23, 2017

5. 1. Dallas (60,230)
2. Phoenix (51,434)
3. Tampa (46,693)
4. Atlanta (36,645)
5. Austin (33,395)
6. Charlotte (31,681)
7. Seattle (30,772)
8. Orlando (29,441)
9. Houston (28,090)
10. Las Vegas (27,735)
Phoenix is 2nd in Domestic Net Migration
(Domestic Net Migration by Metro Area: 2016)
Source: U. S. Census Bureau, March 23, 2017

6. The Economic Minute
March 29, 2017
Economic Club of Phoenix