Google Departs Tempe

Google is leaving the valley and taking with it the unfulfilled promise of high paying jobs. They opened their office in Tempe in 2006 and have since employed approximately 50┬ápeople as opposed to the originally projected 600. One of Google’s Senior V.P.’s , Alan Eustace, announced their departure via blog on Sept. 19th citing internal issues.┬áTheir official date of closure is Nov. 21st, 2008.

The Arizona economy is not in good shape mainly due to its reliance on housing and tourism – neither of which is generating much revenue these days. Phoenix Business Journal reported on Thursday that the city’s unemployment rate jumped half a percentage point in August from 5.1 to 5.6 percent. This demonstrates a frightening trend considering that the unemployment rate in July was reported at 4.6 percent. Loss of jobs has been reported in retail, construction, and trade-related fields in the month August.

2 Comments so far

  1. damnitshan on September 22nd, 2008 @ 7:45 am

    As a new Arizonan this is a Horrible trend!
    It took me 6 months to find the job I now have and it is a contract job through an out of state temp agency!
    My husband is in a similar situation and this is very hard on our finances not knowing if the contracts will end from week to week.
    Finding employment is impossible without it being a contract job and this doesn’t help the economy as we are forced to stash our money "in case"

  2. melinda on September 22nd, 2008 @ 8:44 am

    I totally understand – what I didn’t put in my blog is that the National average for unemployment is just over 6 percent. There are some city’s that have a far worse rate than us – Chicago is just over 7% and the entire state of Michigan is hovering around 8% – it’s pretty scary out there!

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