Metropolitan Phoenix Led the Nation...

Phoenix added most jobs, from the Arizona Republic, reports that Metropolitan Phoenix led the nation in absolute job gains from December 2004 to December 2005, adding 83,200 jobs to its economy, according to figures released by the federal Bureau of Labor Statistics. Washington DC was second with 81,600 jobs. This means that the Phoenix area created more new jobs than even such metropolitan goliaths as Los Angeles, New York and Chicago. What makes this even more amazing is that the Metro Phoenix area is only the 14th largest metro area in the country. The survey was gathered on 311 metropolitan areas across the nation. The report also found that the Valley's 4.8 percent job-growth rate was the second highest among 35 large metropolitan areas. The region's job gains mirrored the population growth of the last year, with the state adding 200,000 residents, most moving to the metro Phoenix area. Service-related jobs, which include retail jobs, made up the biggest segment of the area's workforce, with the construction industry also being a large contributor. This is more positive news for our local real estate market!

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