Metro Phoenix ranks No. 2 among best labor markets in U.S.
ThinkWhy, a Dallas-based SaaS company focused on creating a new generation of AI-driven labor market solutions, released its U.S. labor market rankings following Friday’s announcement from the Bureau of Labor Statistics that the U.S. economy added 235,000 jobs in August. Metro Phoenix ranks No. 2 among the Top 5 best-performing U.S. labor markets.
Job openings remain at record highs, with more than 10.1 million open positions in the U.S. Businesses are eager to capture market demand and are expanding headcount budgets to meet increasing wages and fill open roles, but still cannot hire employees quickly enough. The main challenge ahead for the labor market will be disruption caused by the rapid increase of virus counts, as it threatens the near-term pace of job gains.
“Caution flags are flying,” says Jay Denton, chief analyst for ThinkWhy, creators of talent…