Phoenix one of the top Wall Street Journal markets for jobs in 2020.
The Phoenix-Mesa-Chandler is the third-best metropolitan area for jobs in 2020 among the top 10 metro areas in the U.S. Phoenix topped the nation in labor force growth and was third in job growth, according to data from the Wall Street Journal and Moody’s Analytics.
Compared to metro areas with more than 1 million population, Phoenix-Mesa-Chandler ranked 14th overall, a rise of two positions from 2019. The 4.3 percent unemployment rate, 51st in the nation, and 64.5 percent labor participation rate, 31st in the nation, were a drag on overall rankings.
It’s always fun going under the hood to take a deeper look at the numbers. Phoenix's current unemployment rate is 3.7 percent, 12th among the 1-million-plus metros.
The Journal ranks Austin and Nashville as the top two metro areas for jobs, but in 2019, the U.S. Bureau of Labor Statistics reported Davidson County, Tennessee only added 15,250 jobs, Travis County, Texas, added 19,800. Maricopa County added a nation-leading 90,000 new jobs for the year.
Aggregated data are always lots of fun to interpret, and we’ll have a deeper look under the hood by tomorrow in the PhxNewsroom (https://lnkd.in/gUKgMvR). #jobs #rankings #phoenix #wages