2005 SALES FORECAST +7.6% MOUNTAIN
It's the same old song in the Mountain States: low unemployment, massive in-state migration and a residential construction scene that never seems to slow down. Only the largest housing markets in the United States see building permits hit 10,000 annually; many states never see that much construction. But in this region, Denver, Las Vegas and Phoenix regularly see that level of activity. The Mountain States are also home to many military bases, and the increases in defense spending are having a positive impact on local economies in this region. Unemployment rates in this region's major cities are well under the national average, and are generally less than 5 percent. The office markets aren't too strong in the region's largest cities, Denver and Phoenix, though. Both metropolitan areas are still trying to absorb excess space.
(in millions of dollars)
NA — Not available
MSA — Metropolitan Statistical Area
PMSA — Primary Metropolitan Statistical Area
CMSA — Consolidated Metropolitan Statistical Area
EC — Electrical contractor employees for April 2004. Electrical Wholesaling estimates these numbers based on Current Employment Statistics from the Bureau of Labor Statistics and statistics from the U.S. Census Bureau's County Business Patterns.
M — Manufacturing employees for August 2004. Source: Current Employment Statistics from the Bureau of Labor Statistics
C — Commercial account employees (professional and business services, retail trade, financial activities, educational and health services, leisure and hospitality, and other services) for August 2004.
Source: Current Employment Statistics from the Bureau of Labor Statistics
G — Government employees for August 2004. Source: Current Employment Statistics from the Bureau of Labor Statistics