Posted on 08/02/2004 2:38:59 PM PDT by RWR8189
Valley job market has rebounded. "The Valley's job market rebounded mightily during the past year from the post-Sept. 11, 2001, recession, driven by stepped-up construction activity trying to keep pace with a surging population, a new federal report shows. The Phoenix-Mesa market led all metropolitan areas except Washington, D.C., in year-over-year increases in employment during the 12 months that ended June 30, according to the latest figures from the U.S. Bureau of Labor Statistics." (Edward Gately, "Valley job market flourished over the past year," East Valley Tribune, 7/30/04) Arizona jobs gains at top of list. "The Phoenix area shed some seasonal jobs in June mostly due to summer-related reductions in public education and industries that see business drop when the heat index rises. Still, the Valley ranks as one of the best job growth markets in the country over the last year, according to new federal job numbers released Wednesday. Between June 2003 and June 2004, the Phoenix/Mesa metropolitan area netted 41,200 jobs. That's second best in the country behind only the Washington D.C./Northern Virginia market, which added 82,000 jobs according to the U.S. Bureau of Labor Statistics. Phoenix's year-over-year job gains outpaced rival Las Vegas (which added 38,800 jobs) and other markets that showed improvements such as St. Louis (32,400), New York (31,800) and Atlanta (27,100 jobs added). The Valley's employment situation has benefited from continued population growth, an exodus of workers and businesses out of pricey California, and a strong housing market. Phoenix is also home to some of the industries that have been performing well since the beginning of the year, including business services and health care." (Mike Sunnucks, "Arizona near the top of jobs-gained list," The Business Journal of Phoenix, 7/28/04)
The Phoenix-Mesa job market is expanding IF your field is health care, construction or palm tree trimming. For everyone else, fugedaboudit.
Incresed construction has to get capital from somewhere.
And those are bad jobs?
Add "Real Estate" and you have South Florida.
Who knows, I may be back sooner than expected (I hope).
Sooner rather than later!
Believe me job growth for Phoenix is nothing to get worked up over. Phoenix growth is going to come back bite back hard. Freeways are useless now, Water supply is dwindling, yet for some reason they want to keep the population expanding. Pheonix metro is way over built. Most of the jobs are in the contruction sector I bet. Anyway, don't feel sorry for Arizona when the groing pains start causing massive internal bleeding.
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