jobradio.fm
Monday, December 6, 2010
Phoenix AZ Jobs to Grow Next Year
Experts are providing some hope that more Phoenix AZ jobs will be created next year.
Lee McPheters, an economist with Arizona State University, is predicting that a total of 50,000 jobs will be created throughout the state during 2011. He also foresees businesses adding workers at a fast enough pace to redeem the 300,000 jobs lost during the economic recession.
Several industries are expected to add jobs in the coming years, including healthcare (Click here to find Arizona pharmacy jobs), information technology, government, professional and business services, and education.
It appears as though the local economy is already trending in the right direction. During October, Arizona's unemployment rate decreased from 9.7 percent to 9.5 percent, which was slightly below the national average at the time of 9.6 percent.
The state had a total non-farm employment of 2,413,100 workers during October, which is up from 2,398,600 workers during September and a 1 percent increase from last year, according to the U.S. Bureau of Labor Statistics.
The Phoenix area also has been seeing promising economic signs. The city had a total non-farm employment of 1,728,700 workers during October, which is up from 1,706,300 workers during September and a 1.4 percent increase from last year.
Officials maintain that the national employment picture will improve next year as well. James Glassman, managing director and chief economist for JPMorgan Chase, predicts that America will see above-average annual growth in employment for many years to come.
Specifically, he thinks the nation will see its employment figures increase by about 4 percent each year, which would bring the unemployment rate down by about one-half of a percentage point each year. If that happens, it would take America about 10 years to reach its full employment level.
"We fell into a deep hole," Glassman told the TriValley Central. "It's not natural to stay in the deep hole. There's a lot that's been done to restore the health of the private sector and we're now starting to see more and more activity, a revival in the U.S. Economy."
Lee McPheters, an economist with Arizona State University, is predicting that a total of 50,000 jobs will be created throughout the state during 2011. He also foresees businesses adding workers at a fast enough pace to redeem the 300,000 jobs lost during the economic recession.
Several industries are expected to add jobs in the coming years, including healthcare (Click here to find Arizona pharmacy jobs), information technology, government, professional and business services, and education.
It appears as though the local economy is already trending in the right direction. During October, Arizona's unemployment rate decreased from 9.7 percent to 9.5 percent, which was slightly below the national average at the time of 9.6 percent.
The state had a total non-farm employment of 2,413,100 workers during October, which is up from 2,398,600 workers during September and a 1 percent increase from last year, according to the U.S. Bureau of Labor Statistics.
The Phoenix area also has been seeing promising economic signs. The city had a total non-farm employment of 1,728,700 workers during October, which is up from 1,706,300 workers during September and a 1.4 percent increase from last year.
Officials maintain that the national employment picture will improve next year as well. James Glassman, managing director and chief economist for JPMorgan Chase, predicts that America will see above-average annual growth in employment for many years to come.
Specifically, he thinks the nation will see its employment figures increase by about 4 percent each year, which would bring the unemployment rate down by about one-half of a percentage point each year. If that happens, it would take America about 10 years to reach its full employment level.
"We fell into a deep hole," Glassman told the TriValley Central. "It's not natural to stay in the deep hole. There's a lot that's been done to restore the health of the private sector and we're now starting to see more and more activity, a revival in the U.S. Economy."
Labels: Phoenix AZ jobs
posted by Jen Carpenter # 12:24 PM 
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