The report, by New York-based staffing company Manpower Inc., isgood news for the area's commercial real estate industry. Strongjob growth tends to boost demand for office and industrial space,increase spending at retail projects and raise the need forapartments to house the growing workforce.
According to Manpower's quarterly employment-outlook survey, 52%of Valley businesses plan to add more workers in the final quarterof this year. None expect to institute layoffs, while 48% saythey'll simply stick with the number of workers they havetoday.
The statewide forecast isn't quite as cheery. Though a healthy42% of employers across Arizona expect to add more jobs in thefourth quarter, 50% say they'll keep their payroll the same, 3%expect to cut staff and 5% say they're unsure what the finalquarter will bring.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
