Two major studies show that the western United States is currently leading the country in creating jobs.
Pasadena, CA (PRWEB) January 01, 2013
Moody’s Analytics Inc. and IHS Global Insight Inc. in a report in Bloomberg are stating that hiring by homebuilders and software companies is helping the western states lead the country in jobs growth. Job search site EmploymentCrossing.com has also found 416,000 jobs in the 13 western states.
This is causing the western U.S. to become the prime creator of jobs in the country, and the high unemployment rates created in the wake of the housing collapse during the Recession are set to decrease. The jobless rates are already falling in Arizona and California.
The Bloomberg report also quotes Eduardo J. Martinez, senior economist at Moody’s Analytics as saying that “In 2013, Arizona, Utah, Texas, Washington, Colorado and California will be the strongest in the region in job growth and in the top 10 nationally”. He also believes that “over the next five years, Texas and California will add more than 1 million jobs each, more than any other state”.
EmploymentCrossing.com has also seen an increase in the number of job openings in these states. Currently, the site is reporting 37,344 jobs in Arizona; 16,548 jobs in Utah; 156,289 jobs in Texas, 42,485 jobs in Washington, 40,645 jobs in Colorado, and 212,432 jobs in California.
It’s not just the construction industry that is creating jobs in these booming states. California has 34,400 jobs in IT, while Washington has 7,500 IT jobs and Colorado has 5,500 IT jobs. CEO Harrison Barnes says that the reason states like California and Nevada are booming is because of the multiplier effect of IT. “When tech companies hire engineers, the income that they earn and spend in the community creates not just a real estate demand but also a demand for other services such as hospitality and educational services”.
About EmploymentCrossing:
EmploymentCrossing is part of the Employment Research Institute, which is one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of 120+ of industry-specific and 120+ location-specific job boards which consolidates every job opening it can find in one convenient location. The website also offers a seventy two-hour free trial to new members.
Moody’s Analytics & IHS Global Insight Say Construction and Software Adding Jobs in Western U.S., EmploymentCrossing Finds 416,000 Jobs in Region.
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Moody’s Analytics & IHS Global Insight Say Construction and Software Adding Jobs in Western U.S., EmploymentCrossing Finds 416,000 Jobs in Region.
