reply to post by amatrine
When you've finish writing the lyrics for your tune be sure to post em!
I agree that job seekers comprise a large part of the yearly increase in populace.
They've known for some time that the top economic stimulus here is the housing market due to the constant population influx.
With Intel, Motorola and other tech companies getting tax abatement concessions from the State and local governments to build and maintain operations
in and around Phoenix - apparently making us Silicon Valley 2.0 -they created job markets from engineers to the assembly workers, putting thousands
of people on their payrolls.
And, farming is big here. Which is not something you would normally associate a desert climate with. But, that too fell victim to the housing market
during the recent building booms. Developers were offering farmers incredible sums of money, literally in the millions, for the spiraling acreage the
farm occupied. I read that one developer even told the owner he could keep what ever he wanted, including the structures, just as long as it was
removed before the contractor started building the new subdivisions.
But, remember: there is more to add to the mix ...
People don't just come here for work. Next to Florida, Arizona is the hot spot for retirees and folks who winter at a second home in the southern
So, as it is with most economic downturns, the first thing to be affected is the housing industry, in all States across the country. And that dominoes
to support industries if the market stays depressed for any length of time. Two of the statistics you'll often here in the opening of business or
'money talk' shows is housing starts and home prices. They are important economic indicators of recession, as well as recovery.
“Fifteen cents of every dollar spent in this nation is spent on housing,” Dunn said. “It is the engine that runs this country.”
But, in States like Arizona, the housing market IS our gross state product. Once the bubble burst, we went straight to the bottom. And still average
11% unemployment (Nationally= 9.5%)
A note about the misleading numbers of the unemployment statistics:
A computer or accounting system can only extrapolate data that is entered into it.
The unemployment model only takes into account those who are currently receiving benefits, newly filed for benefits, and those on the Emergence
Unemployment Compensation extension the Government awarded to extend benefits for those who have exhausted the regular benefit period.
So, it is the total number of reported jobs (based on W2's and 1099's filed) against the number on the State's Unemployment benefit rolls that
produces the percentage you see.
It does NOT include those numbers (often called unreported) who are ineligible to receive benefits, or have exhausted their benefit period, or have
come to the end of their EUC benefits extension. Thousands of people are in these categories.
Nor, does it account for small business owners, many of whom are support for the housing industry as well the backbone of the entire industrial
complex of the nation, who have had to close up shop.
For all intents and purposes, these folks are 'off the books' but, nonetheless
are they not working either.