Job Growth Headed To Peak Levels...

Job growth headed to peak levels, from the Phoenix Business Journal, reports that Arizona employment is expected to grow by 4.6 percent this year, which would make 2006 the second-best year for job growth since 1998, according to the Blue Chip Economic Outlook. Through the first six months of this year, nonfarm jobs were up by 5.2 percent. The outlook is not quite as positive for the real estate sector. Second quarter figures from the National Association of Realtors rated Arizona's 26,9 percent drop in single-family residential sales the steepest of any state. Although that represents a sharp drop from 2005, the actual level of activity tracks very closely to what should be expected based on historical performance of the Arizona economy, said Lee McPheters, contributing editor. "This year will most likely see sales of new homes and resales revert to trend levels, down sharply compared to recent years but not a collapse in the market when viewed over the longer term," he said.


http://www.bizjournals.com/phoenix/stories/2006/08/28/daily23.html?t=printable