Excerpt from:  Greater Phoenix trends and statistics
.
April 23, 2007

Job Forecast for Arizona

Forecasts for Job Growth in Phoenix MSA, AZ

According to new data put out by Workforce.az.gov  job growth will be health in the Phoenix area for 2007 and 2008.

Nonfarm Employment Forecast
(Annual Average Growth Rate)
20072008
Arizona3.7%3.0%
Phoenix MSA(1)4.0%3.3%
Tucson MSA(2)3.0%2.6%
Balance of State(3)2.9%2.0%

1) Maricopa and Pinal counties
2) Pima County
3) Arizona less Maricopa, Pinal and Pima counties

Jobs drive most of the economy.  As jobs come to the state more jobs are created and more people will come to this state.  Phoenix has already grown but the population is expected to double in another 20 years.  This is a lot of people. They are coming here because of the jobs.  This will have a great effect on housing. 

by The Artur and Joanna Real Estate Team
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