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Show The Enterprise Review , June 30, 1976 Page 2b Mining Credited with Increased Employment As the Utah unemployment rate in May dipped another one tenth of one percent, Job Service credited metal mining with upturn in employment. According to Ken Kefauver, spokesman for Kennecott Copper Corp., Kennecott has been gradually recalling employees laid off in February So far we have 1975. recalled nearly half of the 1200 we laid off," Kefauver said. He said the recall process copper in inventory," he added. Mining employment has grown along with employment in almost every industry. Extraction of oil and natural gas, railroad and federal government are the only sectors experiencing decreased employment trends. Manufacturing jobs have started to show significant we began during the last quarter of 1975. Most of the returned We employees are miners. are taking advantage of the good spring and summer weather to increase ore production, Kefauver said. The recent rise in the price of copper spurred Kennecott toward optimism, he said, but still have Federal and State governments each decreased payrolls by 100 while local government has 'grown by 300 during the same period. While manufacturers of construction and trade industgoods decreased their payrolls by 300 between ries, where 1400 new employees went to work in each March and April, they insector in May. The contract creased them by 1,000 beconstruction industry has tween April and May. See grown by nearly 10 percent chart. this year over last year. growth, according to a recent Job Service newsletter. n In the Salt area, the greatest employment growth between April and May was seen in the contract Lake-Ogde- non-durab- le EXCHANGE CLUB and Restaurant New and Unique Serving Salt Lake City 's Finest Menu Personally Supervised by Finn Fine Dining - Excellent Service Weekdays: 8:00 a.m. until 1:00 a.m. Dinner served 4:00 p. m. until 1:00 a. m. 7 days Sunday: Brunch 10:00 a.m. until 3:00 p.m. Luncheon: 11:45 a.m. until 3:45 p.m. Leave Salt Lake City for the evening - such is the Exchange Club atmosphere. The Exchange Club 39 Exchange Place 532-410- Salt Lake City Private 1 only memberships available. club-mem- bers ' COMPLETE PRINTING SERVICE Letterpress Creative Layout Design Phototypesetting Intertypesetting Lithography Business Industry Commercial Prospects Dim for Apartment Recovery Except for a limited number of local markets, there apparently isnt going to be any significant recovery in apartment construction this year, according to Shiefman and Associates, a research firm retained by Advance Mort- of improvement through the rest of the year. few signs San Franciscos depressed status is in spite of the fact that the magic 10 constant for new construction 4 interest30 years) was available in California for several weeks in April and May. gage Corporation. The map of apartment In contrast, Houston, in is most the activity which has very ample supplies patchy years, they said. Boom and of buildable land, and San in Diego, where land costs are extreme depression the same region and with the lowest of any major Caliroughly the same occupancy fornia market, expect to start rates. 23,000 and 10,000 apartments, Local land costs and utilrespectively, this year close e ity and building codes play a to their peaks. which in determining part There are mixed mesmarkets will have an early sages from the condominium recovery. market. There have been The recent bottoming out reports of a strong upturn in of apartment mortgage rates sales this year. This has been has stimulated requests for mostly true in California; even financing on both new and there, the roughly 1,000 units existing projects. in San Diegos La Costa area of Many reports improved , may need 5 to 10 years to sell absorption of the condoout at current absorption minium inventory are rates. Shiefman reports. Census bureau vacancy the importIllustrating data shows almost no change ance of local land costs, in the e inventory of Shiefman notes that the three multiple units between the markets with the nations fourth quarter of last year and tightest supply of buildable the first of this year. land within commuting In every market, some York-Lon- g Island, condos are selling well, going Washington and San into second phases and obissued taining appreciation on resale. at 120 or apartment permits less their normal rate in the first quarter and there are co-exi- (9-1- st - all-tim- FULL COLOR PRINTING Stationery Pamphlets Brochures Forms AND EQUIPMENT WE HAVE THE KNOW-HOFOR YOUR PRINTING REQUIREMENTS W Phone (801 ) over-optimist- 487-065- 1 ic, for-sal- 5RRAI1N 1952 West 1500 South Salt Lake City, Utah 84104 dis-tance-N- ew all - |
