Report: AZ will lead country in job growthPosted: Updated:
Job seekers put their best foot forward Thursday, hoping to impress Valley area employers at the 13th Diversity Career Fair. More than 30 employers had hundreds of open positions and said they were looking to hire.
One employer at the fair was Mayo Clinic. Spokesman Jason Jimes said the healthcare provider is not only hiring, but expanding it's footprint in the Valley.
"We should start ramping up for hiring in 2014. It should be ready by 2015, and it's definitely gonna add 700 to 800 jobs," Jimes explained.
And in a new, and very positive report in Forbes, that trend won't be specific to these employers. Moody's Analytics says Arizona will be number one for job growth, at a rate of 3 percent every year for the next five years.
" Three percent is okay, but it's not great by historic standards," explained Phoenix-economist Elliot Pollack.
He says it will take time to dig out of a recession. But Arizona, he says is bouncing back, which spells good news for the unemployed.
"It's still a tough job market, but it's a lot better than it was a year ago," Pollack added.
He thinks new construction, continued growth in the national economy and a capturing of California jobs will help create jobs.
"California is dysfunctional. The taxes are incredibly high. It's an incredibly difficult place to do business," Pollack said.
He suggests those looking for work take advantage of the job growth.
"If you're unemployed, keep on looking. Use this time to get a skill, but the jobs will be out there," he said.
Pollack did add one little caviot with the "new construction" he mentioned. Remember, Arizona lost about 140,000 construction jobs after the recession and the state has only added back about 10 to 12,000 jobs the state lost. Slow growth but growth nonetheless Pollack says.
Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.