Central Arizona Shows Strong Job Growth

The Phoenix Business Journal reports that as of May 2005, metro Phoenix and Arizona nonfarm employment growth was about 4% for the year to date. That level is expected to continue at near 4% for the next two years. The information was taken from the most current issue of the Arizona Blue Chip Economic Outlook. For the US as a whole, employment growth is only at about 1.5% and is expected to remain under 2% for the foreseeable future, according to Elliott Pollack, editor of the report. "First, relative to other places in the country, we are doing quite well. On the other hand, compared to our own past performance, we may still have some room to improve. Ultimately, as long as the underlying economic fundamentals remain intact in this state, we should enjoy additional years of prosperity," Pollack stated. More...