Friday, October 2, 2009

Arizona looking to ease the job loss pain in 2010

Although the Arizona Department of Commerce gave the state’s job loss an upward revision to 178,500 from the projected 146,000 for 2009, the outlook for 2010 appears to be moving things in the right direction. The pain will ease according to the new state economic forecast. Tourism, transportation and construction continue to be the hardest hit in 2009 as the recession rolls on and those industries feel the lack of consumer spending.


The Department of Commerce revised their numbers down from 21,600 jobs lost in 2010 to 17,400. While this certainly isn’t a report of positive job growth, it is an indication that things are stabilizing and that we could see an up tick in Arizona tourism, travel and construction projects.

The easing of the detrimental job cuts moving forward are hopes that sectors that have struggled this year will stabilize and those that had flat gains such as education, mining and health care will actually show job creation.

Let’s keep our fingers crossed that our state actually outperforms these projections and we further down the path to recovery.

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