Utah Job Growth beats National Average!
January 18, 2006
44,000 new jobs were created in the Beehive state for 2005. Our jobs growth was over 3% when the national average was 1.5%. This is great for our real estate market. More jobs mean more buyers for our market. Here is a brief text from the Salt Lake Tribune article. If you would like to see the full article...Email me and I will get you a copy.
"Utah's job growth rate continued to accelerate in December, closing out 2005 at one of the fastest paces in the nation. Utah spawned 44,000 jobs in the past year - a growth rate of 3.9 percent from Dec. 2004 to Dec. 2005, according to the Utah Department of Workforce Services. Nationally, job growth was 1.5 percent in the same period. The influx of new jobs cut Utah's unemployment rate in December to 3.8 percent, down from 5 percent in Dec. 2004. The national unemployment rate last month was 4.9 percent. "We're in a strong growth cycle," said DWS economist Austin Sargent. "We are seeing growth in both the high-wage and low-wage areas. That's really good for Utah."
"Utah's job growth rate continued to accelerate in December, closing out 2005 at one of the fastest paces in the nation. Utah spawned 44,000 jobs in the past year - a growth rate of 3.9 percent from Dec. 2004 to Dec. 2005, according to the Utah Department of Workforce Services. Nationally, job growth was 1.5 percent in the same period. The influx of new jobs cut Utah's unemployment rate in December to 3.8 percent, down from 5 percent in Dec. 2004. The national unemployment rate last month was 4.9 percent. "We're in a strong growth cycle," said DWS economist Austin Sargent. "We are seeing growth in both the high-wage and low-wage areas. That's really good for Utah."


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