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During the month of March Arizona’s unemployment rate rose 0.4 percent to 7.8 percent, according to the U.S. Bureau of Labor Statistics. This figure is up 3.1 percent from last March’s 4.7 percent. Now the State Department of Commerce says that over 100,000 jobs in Arizona will be lost in the next few years.

According to the Department’s 2009-2010 Forecast, employers will do away with approximately 167,800 by the end of 2010. This signifies a 6.4 percent decrease in employment in the state.

The Department believes that the majority of the positions will be lost during 2009. Before the end of this year Nevada employers are expected to cut 146,000 jobs, which is a 5.6 percent decrease. In 2010 the Department projects that 21,600 positions will be done away with, a 0.9 percent decline.

“This is why dramatic action is necessary to fix the economy,” said Governor Jan Brewer said in a recent press release. “The inevitable layoffs by companies’ means continued downward pressure on the state economy. We have to face the reality - this is a problem that requires a multi-year fix to secure the future of Arizona. ”

Although the recession is hitting most of the country, the rest of the nation is not expected to experience quite as devastating of a loss of jobs. According to IHS Global Insight, national nonfarm jobs will fall by a total of 4.4 percent during the next two years. In 2009 there will be 3.6 percent decline, while 2010 will see a 0.8 percent decrease.

“The economic downturn has spread beyond the borders of Arizona and the rest of the nation and is impacting the global economy,” said Department Senior Economist Jack York in the release. “The global scope of this recession is a rare event in world economic history. The decline in export markets and lending practices will make recovery more difficult.”

Many experts believe that the economy won’t begin to recover from the recession until 2011. This means that there could be another small decline in Arizona jobs before the employment market begins to set itself right and companies begin creating new positions in the state.

This entry was posted on Friday, May 8th, 2009 at 1:20 pm and is filed under job search. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.