State Expects Payroll Jobs to Grow 4 1/2%
Arizona’s economy is projected to grow at a faster rate than the nation in 2006 and 2007, according to the forecast update of the Arizona Department of Economic Security (DES), Research Administration (RA). Nonfarm jobs in the Grand Canyon state are forecast to increase at a rate of 4.9 percent in 2006 and then slow to 4 percent in 2007. Over the two-year period, nonfarm job growth is projected to add nearly 228,000 jobs in Arizona. Meanwhile, according to the most recent figures by Global Insight, the U.S. economy is forecast to have a slower pace of employment expansion, growing at a rate of 1.4 percent in 2006 and 1.1 percent in 2007.
posted by Jobmaster at 5:00 PM
10 Comments:
Don't be surprised if these numbers come in lower than projected. Some sectors are slowing such as construction and real estate sales. I am not as optimistic as this forcast.
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