Phoenix Job Growth #1
Hi and welcome to the weekend.
There was a great article on AZ Central today. Despite not even being among the 10 most populated areas in the country, metropolitan Phoenix led the nation in absolute job gains from December 2004 to December 2005.
The seasonally unadjusted figures from the federal Bureau of Labor Statistics confirm the Valley's status as a growth market not only for new residents, but for new jobs as well.
The region added 83,200 jobs to its economy over the year, topping the Washington, D.C., metropolitan area's 81,600 jobs. The survey gathered information on 311 metropolitan areas across the nation.
It also found that the Valley's 4.8 percent job-growth rate was the second highest among 35 large metropolitan areas. It trailed only Las Vegas at 7 percent. A large metropolitan area was defined as having more than 750,000 workers in its labor force.
Well, this reinforces a lot of what we have been telling you. The market may have slowed down, but the key factors that will continue to grow the area and keep the real estate market strong and stable when others may see a downturn are definitely in place. Job Growth is one of the strongest factors.
To read the entire article, click here.
Have a great weekend.
Adam Tarr, ePRO
Sharon Kotula, ABR
Your Phoenix Area Real Estate Source
RE/MAX Excalibur
Scottsdale, AZ
480-483-3333
www.weareazrealestate.com