Berkadia first half 2015 economic trend in employment

EL PASO – According to Berkadia’s first half 2015 report, employment inched up 0.1 percent since the first quarter 2014 as local businesses added 200 workers to local payrolls through March of this year.

The greatest growth was in the education and health services sector as 1,200 jobs were created. The leisure and hospitality segment recorded the highest rate of growth, a 3.2 percent expansion, with 1,100 new hires.

The professional and business services sector will be buoyed by aggressive hiring at ADP.

The company is planning significant expansion, resulting in approximately 1,100 new jobs by 2020. Substantial growth is also anticipated for the retail and the leisure and hospitality segments in the next few years.

Hundreds of new positions will be filled following the opening of the North Hills Crossing power center in northeast El Paso this summer.

In eastern El Paso, hundreds of additional retail and hospitality jobs will be created after development of the 500,000-sf Montana Crossings shopping center is completed in late 2017 or early 2018.

See El Paso Economic Trends First Half 2015 (PDF) for the full report.