Phoenix Number Two in the Nation for Jobs

The article, City's latest top job ranking recognizes biotech impact, from The Phoenix Business Journal, reports that this month's Forbes list of the Best U.S. Cities for Jobs ranked Phoenix number two in the nation for the second straight year. Top honors went to Raleigh, N.C. Detroit, MI landed at the bottom of the list among the nation's largest 100 metro areas. Tucson checked in at number 20 and Las Vegas fell to eighth place. To compile the ranking, Forbes used five data points, weighed equally: unemployment rate, job growth, income growth, median household income and cost of living. The Phoenix area ranked 16th for unemployment, fifth for job growth, second in income growth, 34th in median household income and 64th in cost of living. The Forbes story, however, also had some cautionary words for areas buoyed by housing quoting Hugo Sellert, an economist and research manager with Monster: "The economy has shifted a lot in the past year, especially with the housing market cooling down," he said in predicting that markets in Florida and Phoenix will weaken, while the Midwest and Texas will start generating more jobs.

City's latest top job ranking recognizes biotech impact
http://phoenix.bizjournals.com/phoenix/stories/2007/02/19/daily3.html?t=printable