Friday, December 19, 2014

Utah's Employment Situation for November 2014

Utah's Employment Situation for November 2014 has been released on the web.

Find the Current Economic Situation in its entirety here and an analysis highlighting Santa's Helpers.

For charts and tables, including County Employment, go to the Employment and Unemployment page.

Next update scheduled for March 4th, 2015.

Tuesday, December 9, 2014

New Bus Service Available in central Utah

Elevated Transit, a Salt City-based bus company, offers transportation between Richfield and Salt Lake, with several stops throughout Sanpete County. The federal government provides funding to the Utah Department of Transportation (UDOT) to open up mass transit in underserved areas. UDOT call for bids on providing the service, and Elevated won the contract. The company purchased brand-new coaches, complete with a restroom, free wireless Internet access, DVD players and satellite television. Sanpete Messenger

Friday, November 28, 2014

Monthly Consumer Price Index (CPI) updated

The Consumer Price Indexes (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services.

There is no CPI data specific to Utah, so national data is relied upon for this page.

For monthly and annual CPI data see here.

Updated Economic Snapshots available

Economic snapshots give you a two-page look at quick facts, labor force, sales, building and unemployment insurance, for each county in Utah, and are updated by each DWS Regional Economist.

For the latest economic snapshot for your county, check out the updated files on our website for Millard, Piute, Sanpete, Sevier and Wayne counties.

Note: refreshing browser may be necessary for current information. 

Wednesday, November 12, 2014

Utah Court of Appeals issues decision on Sevier Power case

The Utah Court of Appeals has ruled that an air quality permit for a proposed gas-fueled power plant would stand. The decision upheld an administrative law judge’s earlier ruling that Sevier County Citizens for Clean Air and Water does not have standing in an appeal of the permit issued in 2012.

While the ruling represents the clearing of a major hurdle, there is still a lot of work to do before the proposal can make the leap from concept to reality according to company officials. The company can now pursue financing and power purchase agreements. Financing, power purchase agreements, natural gas delivery contracts and final engineering all have to be completed prior to construction, as well as a new gas line to feed the plant. The process to secure approval for a power plant is typically 28 to 32 months. The process for this particular project has taken more than a decade. Richfield Reaper

Thursday, October 23, 2014

Employment by Major Industry

Employment by Major Industry (or Nonfarm Employment) is compiled payroll data for nonfarm workers. Nonfarm workers are all employees excluding government employees, private household employees, employees of nonprofit organizations and farm employees. DWS economists have broken these documents into county regions and are an important economic indicator of the current economic situation. For more: Why no "Farm" in Nonfarm Jobs?

Second quarter 2014 has been updated for counties in the Central Utah region. These can be found on each county's page in the links to right, as well as below.

Tuesday, October 21, 2014

Piute County Economic Update

Piute County once again found itself losing nonfarm jobs during the second quarter of 2014. Since the recession began, Piute County’s employment has contracted in all but four months. Compared with the county’s 2007 peak in nonfarm jobs (about 360 positions), employment today stands at less than 250, a decline of almost 30 percent. Nevertheless, the county’s jobless rate continues to edge downward as workers leave the county, the labor market or find jobs in neighboring areas. Other indicators certainly paint a brighter picture than jobs portray.

Wayne County Economic Update

Following almost a year’s worth of strong job growth, Wayne County’s employment numbers dipped slightly by the end of second quarter 2014. In addition, the county, which lost its largest employer in 2012, continues to suffer with the highest unemployment rate in the state. Nevertheless, job totals have improved since the Aspen Health closure and joblessness is slowly contracting. Other indicators suggest the economy is slowly improving.

Monday, October 20, 2014

Utah's Seasonally Adjusted Unemployment Rates

Seasonally adjusted unemployment rates for all Utah counties have been posted online here.

Each month, these rates are posted the Monday following the Unemployment Rate Update for Utah.

For more information about seasonally adjusted rates, read a DWS analysis here.

Next update scheduled for November 17th.