Phoenix third in labor market
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MSNBC.com, reports that Florida is home to five of the nation's 10 hottest labor markets. Cape Coral-Ft. Myers hold the top spot. Las Vegas was number two in the nation, followed by Phoenix. Phoenix added 271,900 jobs since 2002, the biggest gain in raw numbers for any metropolitan area. Bizjournals uses a nine-part formula to analyze the employment situations in the 100 major markets, and the ratings were based on midyear data compiled by the U.S. Bureau of Labor Statistics.
The Phoenix Business Journal reports that according to a new Western Blue Chip Economic Forecast released Monday, the single-family housing market won't turn around in the Western states during 2007. The Blue Chip report said this year's drastic slowdown in the housing market in Phoenix and other major U.S. regions is more of a correction than a collapse, pointing to previous price spikes and "frenzied markets." The Phoenix housing market has slowed considerably the past several quarters, with for-sale homes sitting on the market longer, prices declining and unsold inventories growing. The Western Blue Chip report is spearheaded by the W.P. Carey School of Business at ASU.
Our listings today totaled: 47,290. Have a good week!
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