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Peoria has a talented and rapidly growing workforce

Students in Lab - Stock PhotoPlaza del Rio 2Doctors

 

Peoria employers benefit from the following strengths in the local workforce:

  • Access to a large and growing labor force. The City’s 30-minute labor shed offers over 1.1 workers and the 45-minute labor shed offers over 1.6 million workers. The Wadley Donovan labor yield model shows that an office employer with a standard occupational profile could expect to staff up to 2,266 qualified employees in one year, while a standard manufacturer or distributer would be able to hire up to 2,179 qualified employees in one year.
  • A rapidly growing labor force. The labor force available within Peoria’s labor shed grew almost three times the national rate between 2000 and 2009.
  • No gaps between labor supply and demand. The employer survey conducted in 2010 reveals that the supply of labor is sufficient to meet the current demand for virtually all of the occupations included in the survey.
  • Strong educational levels. The education levels of City residents are comparable to state and national averages and exceed levels seen in other communities in the Phoenix Metropolitan area. More than 39% of City residents have some post secondary education short of a four-year degree, which is significantly higher than the state and national averages. The percentages of residents with a four-year college degree in the labor sheds match the national average.
  • A young workforce. At 36.6, the median age for the City’s commute zones is well below the national norm.
  • A diversified occupational base. The occupational ratio of Peoria residents is well distributed across the 23 occupational groups identified by the U.S. Department of Labor, matching or exceeding the national average in more than half.
  • Strong base of “high knowledge” occupations. Within the 23 major occupational groups, there are 11 that generally require a higher level of education and training. Peoria residents are employed in seven of these occupations at levels that exceed national norms, including engineering, computer and mathematics, finance, and health care practitioners and technicians.
  • Strong basic skills. Employers in our survey report satisfactory to good basic skills within the workforce, and a strong work ethic and very good employee productivity.
  • Modest labor costs. Relative to other major metro areas and other areas within the Phoenix metro area, salaries for entry-level and experienced workers are modest. Overall, average wages/salaries in Maricopa County are 3% below the national average.

This information can be found in greater detail in the  Economic Development Implementation Strategy that was written by Wadley Donovan GrowthTech and adopted by the Peoria City Council in September 2010.