Economic council: AZ job market better but far from what it was - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Economic council: AZ job market better but far from what it was

CBS 5 CBS 5
PHOENIX (CBS5) -

For many Valley families, hard times have become a way of life, but after years of being down in the dumps, Arizona's economy seems to finally be headed in the right direction.  

Since the start of the year, CBS 5 News has been telling you about companies from all over the world choosing to set up shop in the Valley.

On Tuesday, Gov. Jan Brewer announced ZocDoc is expanding.  The healthcare technology company plans to hire about 600 people at its new Scottsdale location.

[Related: ZocDoc hiring, opening office in downtown Scottsdale]

It's been about six years since the bubble burst and the nation's economy fell apart. Almost overnight, 53 percent of Valley homeowners were underwater on their mortgage and more than 380,000 workers in the area were out of a job. Now that's beginning to turn around. 

"We're probably going to be the number one market in the country for attracting business in 2013 and 2014," said President of the Greater Phoenix Economic Council, Barry Broome.

Although companies are choosing to do business in Arizona, Broome told CBS 5 News it will be 2015 before job numbers will be what they were before the recession. 

Broome explained that the type of growth the state is experiencing is different than anything we've seen since the 1940's and 1950's.

"You're seeing companies coming from China, more international, smarter companies, better companies but not at the volume we need to replace our dependency on housing," said Broome.

Broome said some major improvements need to be made before the Valley's job market can really thrive.

"We have to build a plan to be serious about education and serious about science. We don't have the budget to do that. But in the next 12 to 18 months as the markets recover there will be a path forward for those types of investments and we need to do those as a state," said Broome.

Broome told CBS 5 News to expect the job announcements to continue, he said there will be one every week for about the next two months.

Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.

  • WDAM.com FeaturesMore>>

  • Sidebar: Who's hiring

    RELATED: Gov. Brewer to make jobs announcement in Chandler RELATED: See job fair listings on cbs5az.com's Events pageMore >>
    RELATED: Gov. Brewer to make jobs announcement in Chandler RELATED: See job fair listings on cbs5az.com's Events pageMore >>
  • Local NewsLOCALMore>>

  • Judge Curry has high hopes for Hub City Municipal Court

    Judge Curry has high hopes for Hub City Municipal Court

    Tuesday, September 19 2017 6:23 PM EDT2017-09-19 22:23:05 GMT

    A new municipal court judge will be sworn in later this week in the Hub City. Forrest County Justice Court Judge Wes Curry will replace Judge Jerry Evans starting October 2nd as the new municipal judge. Curry will hold both judge positions after a ruling from the Mississippi Attorney General Jim Hood’s office. “Because both positions are in the judicial branch of government, a person can serve in both positions at the same time without violating the ...

    More >>

    A new municipal court judge will be sworn in later this week in the Hub City. Forrest County Justice Court Judge Wes Curry will replace Judge Jerry Evans starting October 2nd as the new municipal judge. Curry will hold both judge positions after a ruling from the Mississippi Attorney General Jim Hood’s office. “Because both positions are in the judicial branch of government, a person can serve in both positions at the same time without violating the ...

    More >>
  • Laurel mayor expects positive economic outlook

    Tuesday, September 19 2017 5:39 PM EDT2017-09-19 21:39:07 GMT
    Photo Source: WDAMPhoto Source: WDAM

    Laurel Mayor Johnny Magee said things are looking better for the city. 

    More >>

    Laurel Mayor Johnny Magee said things are looking better for the city. 

    More >>
  • State auditor gives overview of state spending to GOP Women's group

    State auditor gives overview of state spending to GOP Women's group

    Tuesday, September 19 2017 5:31 PM EDT2017-09-19 21:31:37 GMT
    State auditor Stacey Pickering speaks to a meeting of Forrest-Lamar Republican Women Tuesday. Photo credit WDAM.State auditor Stacey Pickering speaks to a meeting of Forrest-Lamar Republican Women Tuesday. Photo credit WDAM.

    State Auditor Stacey Pickering presented an overview of Mississippi's fiscal spending during a meeting of Forrest-Lamar Republican Women Tuesday. Pickering spoke about the state's new comprehensive annual financial report. That report and the Legislative Budget Report, just released Tuesday, can be found on the state auditor's website at osa.ms.gov. Pickering said his office is currently engaged in several public corruption investigations, which have led to several arrests in No...

    More >>

    State Auditor Stacey Pickering presented an overview of Mississippi's fiscal spending during a meeting of Forrest-Lamar Republican Women Tuesday. Pickering spoke about the state's new comprehensive annual financial report. That report and the Legislative Budget Report, just released Tuesday, can be found on the state auditor's website at osa.ms.gov. Pickering said his

    More >>
Powered by Frankly