Phoenix, Arizona, December 3, 2025
As of November 2025, Phoenix’s economy is thriving with healthcare, retail, and technology sectors leading in employment. Banner Health emerges as the top employer, followed by Walmart and Amazon. This article explores how these industries are adapting to demands and contributing to economic stability. With a diverse economic framework, the growth of local businesses and community engagement is crucial for future success.
The Economic Landscape of Phoenix: Major Employers in 2025
Exploring the Growth of Healthcare, Retail, and Technology Sectors
Phoenix, Arizona – As we move through November 2025, the economic landscape of Arizona showcases a blend of strong industries that not only provide substantial employment opportunities but also highlight the resilience and entrepreneurial spirit of the region. As businesses navigate challenges, the leading employers in the state reflect how healthcare, retail, and technology are continuously adapting and growing amidst changing economic conditions.
The data from November 2025 sheds light on the top employers in Arizona, revealing a dynamic workforce landscape driven primarily by the healthcare sector, which remains the largest employer. Following closely are retail giants and tech companies that are equally instrumental in shaping the state’s economic growth and stability. Understanding the composition of these employers can offer valuable insights into the region’s burgeoning marketplace and workforce trends.
Healthcare Sector Dominance
The healthcare industry stands out as the most significant employer in Arizona, led by Banner Health, which employs approximately 46,731 people. The demand for healthcare services continues to rise, driven by an aging population and population growth within Phoenix itself. Following Banner Health is HonorHealth with 17,053 employees and Dignity Health with 14,667 employees, underscoring the vital role healthcare plays not only in service delivery but also in economic contributions and job creation.
Retail Industry Impact
Shifting the focus to retail, Walmart and Amazon are significant contributors to employment in Arizona with 37,979 and 36,000 employees, respectively. The retail landscape is marked by innovations in customer service and supply chain logistics, adapting to the increasing demands for efficiency and convenience. Other retail players such as Kroger Co. and Albertsons Cos. continue to hold substantial positions, employing nearly 35,000 Arizonans collectively—showing that traditional retail still thrives amidst online competition.
Technology’s Emerging Role
The technology sector is also notable, with major companies like Intel—employing 9,400 individuals—and emerging tech startups contributing to the workforce. This sector is crucial for fostering innovative solutions and maintaining a competitive edge, especially in areas like cybersecurity, software development, and manufacturing, aligning with national trends in the tech industry. The synergy between established tech firms and new startups is vital for sustained economic growth.
Economic Diversity and Workforce Stability
The diverse economic framework in Arizona suggests that the resilience of local businesses and the supportive regulatory environment have catalyzed job growth and economic stability. The presence of financial firms such as Wells Fargo with 13,000 employees and Bank of America with 9,330 employees brings greater financial oversight and investment opportunities, showcasing a balanced approach to economic development. Each sector, from healthcare to finance, plays a precise role in the overall economic mosaic of Phoenix.
Encouraging Community and Business Engagement
The engagement of communities with local businesses is essential for sustainable growth. By fostering strong entrepreneurial initiatives and maintaining relatively low regulation, Arizona is positioning itself favorably for future business ventures. This proactive approach is evident as more small businesses emerge, adapting to the needs of the local population and enhancing the city’s vibrancy.
Conclusion
The employment landscape of Arizona, as showcased by the top employers of November 2025, is a testament to the resilience and diversification of its workforce. With healthcare leading the charge, followed closely by retail and technology, it’s clear that the combination of industry strengths is essential for a thriving economy. As Arizona moves forward, support for local businesses and continued innovation will be crucial in sculpting the region’s economic future. Engaging with local enterprises can invigorate Phoenix’s economy even further, fostering an entrepreneurial spirit that benefits everyone.
Frequently Asked Questions
Who are the top three employers in Arizona as of November 2025?
The top three employers are Banner Health with approximately 46,731 employees, Walmart with 37,979 employees, and Amazon with 36,000 employees.
Which sectors employ the most people in Arizona?
The healthcare and retail sectors are the largest employers in Arizona, followed by the technology sector.
How many employees does Freeport-McMoRan have in Arizona?
Freeport-McMoRan employs 10,800 people in Arizona.
Is Intel among the top 20 employers in Arizona?
Yes, Intel is among the top 20 employers in Arizona, with 9,400 employees.
What is the employment figure for Phoenix Children’s Hospital?
Phoenix Children’s Hospital employs 8,623 people in Arizona.
| Employer | Industry | Employees in Arizona |
|---|---|---|
| Banner Health | Healthcare | 46,731 |
| Walmart | Department Stores | 37,979 |
| Amazon | Online Retailing | 36,000 |
| Kroger Co. | Grocery Stores | 19,920 |
| HonorHealth | Healthcare | 17,053 |
| Dignity Health | Healthcare | 14,667 |
| Albertsons Cos. | Grocery Stores | 14,275 |
| Wells Fargo | Financial Services | 13,000 |
| Raytheon | Missiles and Defense Systems | 12,500 |
| CVS Health | Retail Pharmacies | 12,000 |
| Mayo Clinic | Healthcare and Healthcare Education | 11,315 |
| The Home Depot | Home Improvement Stores | 11,000 |
| Freeport-McMoRan | Copper and Gold Mining | 10,800 |
| Grand Canyon University | Higher Education | 10,631 |
| McDonald’s | Fast-Food Restaurants | 10,600 |
| Tenet Healthcare | Healthcare | 10,350 |
| Target | Department Stores | 10,000 |
| Intel | Technology Services | 9,400 |
| Bank of America | Financial Services | 9,330 |
| Phoenix Children’s Hospital | Pediatric Healthcare | 8,623 |
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Author: STAFF HERE PHOENIX WRITER
The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
