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How is The Economy in Metro Phoenix and Scottsdale March 2015

March 3, 2015 By Jeff Cameron

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Thought I would update you with some very promising news for the Economy here in Phoenix.

Let’s Start out with Jobs!

Arizona forecast to generate nearly 120,000 jobs in next two years

Feb 26, 2015, 2:40pm MST UPDATED: Feb 26, 2015, 3:37pm MST

Arizona is expected to add around 120,000 jobs in 2015 and 2016, according to a new forecast from the Arizona Department of Administration.

Tourism growth is expected to lead that job growth, according to the 2016 Employment Forecast from the ADOA, with 56,600 expected to be added this year with the other 63,100 to come in 2016.

Click this link to read more…

Why are there more jobs… well because the economy is doing better. One factor is an increase in Exports!

Arizona exports up 34 percent; highest volume since 2008

Feb 26, 2015, 1:47am MST UPDATED: Feb 27, 2015, 11:32am MST
Eric Jay TollReporter-Phoenix Business Journal

Arizona exporting businesses are doing their job to boost the state’s economy. Exports from Arizona are up 34.4 percent since 2010 and up more than 8 percent from 2013.

Most of the growth came in trade with North American neighbors Mexico (up 39 percent since 2010 and 21 percent since 2013) and Canada (up 10 percent since 2010, and flat from 2013).

click here to read more…

 

 

What else is creating jobs… How about Northern Trust opening up a massive regional operations center.

Northern Trust bringing $95M regional operations, 1,000 jobs to Tempe

Eric Jay Toll
Reporter-Phoenix Business Journal

Chicago-based international bank Northern Trust, is building a $95 million, 450,000-square-foot three-building regional operations center in Tempe.

The Tempe City Council is getting ready to consider a package deal from Northern Trust that brings 1,000 jobs paying an average of $82,000 to the city’s Discovery Business Campus at Elliot Road and Loop 101.

click here to read more…

 

 

 

Phoenix rents on the rise

Feb 25, 2015, 6:26am MST UPDATED: Feb 25, 2015, 7:23am MST
Brandon BrownReporter-Phoenix Business Journal

Rents in Phoenix are on the rise, but compared to other big cities, Phoenix is still affordable.

The Arizona Republic reported that monthly prices for metro Phoenix apartments and rental homes are rising faster than the national average.

Rents in Phoenix increased 5.6 percent in 2014, which was higher than the 3.3 percent average increase in the 35 large U.S. cities studied by Zillow. The rise in the Valley’s rents also exceeded U.S. inflation.

click here to read more…

Filed Under: Breaking NEWS!, Business, How's The Market, Latest News, Phoenix, Recent Buyer News, Recent Seller News, Scottsdale Tagged With: Business, economy, exports, jobs, Northern Trust

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