Phoenix unemployment drops to 8.1% (Mesa: 2013, hotel, contractors)

[HX_Guy]

Originally Posted by pandaundercover

Nice; what jobs besides construction have been created? The only jobs i ever see available are Dunkin Donuts and Starbucks and pizza shops. It's ridiculous.

Arizona, Phoenix add jobs; unemployment drops | Phoenix Business Journal

The construction industry added 3,900 jobs statewide in April -- the best performance for that industry since 2005, according to the state report.
Manufacturing added 500 jobs statewide, health care 1,800 and business services 2,000 during the month. Financial services was one of the few sectors to shed jobs during April, losing 500 workers.


Read more: Arizona, Phoenix add jobs; unemployment drops | Phoenix Business Journal

[unit731]

Originally Posted by las vegas drunk

This is what happens when the Federal Reserve prints tons of money to keep the economy going. It creates jobs but has one ugly side effect which is inflation. QE2 will end next month. The cheap money will end, economy will tank, and unemployment will go up this summer. Don't worry, they will step back in and start quantitative easing again. The economy will rapidly turn around and start to boom again. Ah yes, gas will be $5 a gallon but that is a small price to pay for it, no?

Please explain where you obtain your information. And do tell us about the M1 and the M2 money supply.

[Captain Bill]

Originally Posted by oldtrader

Don't expect that 10% increase in the near future. Average price per square foot for Phoenix AZ was $79, a decrease of 44% compared to the same period last year and has been dropping monthly.

Phoenix average and median listing prices - Trulia.com

Remember that the period this time last year, May 2010, was when the tax credit had increased the prices. At the end of the tax credit, the prices dropped back down to where they were before the increase for the tax credit.

Prices have held flat from December 2010 through April, a 5 month period. So far, May is showing a price increase.

Here are numbers from the Cromford Report as of May 17.

$81.98/sf April 17 (Average price per square foot, valley wide, all types)
$84.38/sf May 17 (An increase of $2.40/sf)



Here is a breakdown of the price/sf for types of sales

• $58.93/sf Average REO sales
• $77.46/sf Average Short Sales
• $113.81 Average Regular Sale (an increase of 2%)

What happened is that the Regular Sales (that have a higher price/sf) have increased.



35.9% Regular Sales (increased from 34.2%)

44.2% REO's
19.9% Short Sales

[las vegas drunk]

Originally Posted by unit731

Please explain where you obtain your information. And do tell us about the M1 and the M2 money supply.

Who publishes the data for the M1 and M2 money supply? Yep, it is the Federal Reserve themselves. If you believe them, I have some ocean front property in Arizona to sell you.

[Kimballette]

Let's get back to the topic of unemployment figures for Arizona, rather than the Fed and monetary policies.

[seattlecoming]

Originally Posted by HX_Guy

Arizona, Phoenix add jobs; unemployment drops | Phoenix Business Journal

The Phoenix area gained 10,500 jobs in April and the unemployment dropped to 8.1% from 8.7% in March and from 9.0% in April 2010.

Arizona's as a whole added 17,200 jobs and the unemployment is at 9.3% down from 9.5% last month and from 10.1% in April 2010.

We'll take some good news, right?

Yes, I'm pretty sure that recent huge hiring spree by Mc Donald's made a difference.

[Kimballette]

Originally Posted by seattlecoming

Yes, I'm pretty sure that recent huge hiring spree by Mc Donald's made a difference.

Do you have anything substantive to add to the discussion, or are you content taking cheap shots that do nothing beyond showcase your bitterness and negativity? The article in question didn't mention burger-flipping. Do you have some insider information?

[seattlecoming]

Originally Posted by Kimballette

Do you have anything substantive to add to the discussion, or are you content taking cheap shots that do nothing beyond showcase your bitterness and negativity? The article in question didn't mention burger-flipping. Do you have some insider information?

Who's taking cheap shots? I'm basically echoing what the person by the screen name of pandaundercover posted earlier in the thread. I'm sure the Phoenix area's job market is improving but a large part of it is service-oriented. Where is the growth in the high-earning tech jobs that Motorola and Honeywell provided to the area back in the day?

[sh9730]

Seattle,

They are in there too...if you follow this forum at all you know there have been many posts about Intel building a new FAB here and many other what you would consider "real" jobs.

But I will also say for the 17K that got jobs last month they are happy, whatever kind they are...it will provide them with money to move into the economy, which will help it improve, and hopefully offer them better opportunities if the job they got last month is not their desired career field.

It all has to start somewhere....

[slackjaw]

Originally Posted by las vegas drunk

The cheap money will end, economy will tank, and unemployment will go up this summer. (...) Ah yes, gas will be $5 a gallon but that is a small price to pay for it, no?

And if you are wrong with your usual predictions of doom and despair will you be sure to come visit the forum again and explain what error in your calculations caused you to draw yet another incorrect conclusion?

Here you are in 2009:

- Very soon the whole banking industry is going to collapse and everyone's savings are going to be history just like it did in the 1920's. There is no turn around in the future, period. For one thing, inflation is going to rise so bad this year that the dollar will become worthless.

- The government is taking all of our money spending it. This is going to cause major inflation soon. Not only that, the federal government, including the FDIC, with go broke. When the banking system soon falters afterwords, you will see chaos like you have never seen.


Do you just keep dusting off your hands and thinking up new "pearls of wisdom" about impending collapse, regardless of your past hilariously foolish failures at prognostication? At what point do you look in the mirror and decide you shouldn't be attempting to predict anything?