Arizona still attracting more jobs than it loses - KCTV5

Arizona still attracting more jobs than it loses

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PHOENIX (CBS5) -

Big companies are coming to Arizona and creating jobs.

That's what's being reported on TV and local newspapers.

But the truth is, there are a lot of businesses cutting back, as well.

Earlier this month, Apple Inc. announced it's opening a plant in Mesa that will create 2,000 new jobs.

Phoenix Mart plans to open a giant trade center in Casa Grande that will add 8,000 jobs.

On the flip side, the University of Phoenix and JP Morgan Chase recently announced major cutbacks in their Valley workforce.

Lockheed Martin also announced it is closing its facility in Goodyear and eliminating 600 jobs.

CBS5 asked Barry Broome, president of the Greater Phoenix Economic Council, to break down what is happening.

"The Apple announcement was such a great announcement because Apple is going to make products in Mesa and sell them around the world," said Broome. "Lockheed Martin is disappointing because that is a very sophisticated aerospace contractor that was with us 60 years, and now is gone."

Broome said that the positives still outweigh the negatives in terms of job growth and business development in Arizona.

According to the Arizona Department of Administration, job growth is up 2 percent in 2013.

That translates into a net gain of about 48,100 new jobs.

But economists insist that the type of jobs being created in Arizona is still a problem.

Arizona still lags behind nationally in the average wage workers make, while tourism, hospitality and the housing industry lead the way in the state's job growth.

Broome told CBS5 that Arizona needs to attract more high-tech companies and improve higher education programs, before Arizona can reach its full potential.

"If you want to do something for small business, you deliver an Apple, or deliver an Intel," said Broome. "The small businesses thrive on the export industry environment. Where there are export industries there are higher wages."

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

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