Report: Phoenix Q1 industrial outlook ‘positive’

indutrial marketSource: Cushman & Wakefield

Metro Phoenix Economy

The Metro Phoenix job market continued to show signs of economic prosperity, adding 67,000 new or relocated jobs annually through February 2016. During the same course of time, the unemployment rate decreased 80 basis points (bps) to 4.6%. With employment reaching 1,964,800 total non-farm jobs, the Valley has recovered all the jobs lost during the Great Recession.

The total included 12,700 industrial sector jobs within the manufacturing, construction, natural resources & mining, transportation, warehousing & utilities and wholesale trade sectors.

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