OCR Text |
Show Industrial Payrolls Swell During July Although Utah's seasonally adjusted jobless rate for July remained the same for the third consecutive month, 4,400 people joined payrolls last month. In the Salt Lake-Ogde- n area, the unemployment rate (not seasonally adjusted) dropped from 7.2 in June to 6.8 in July. Much of the additional manpower went to work for manufacturers of durable goods (who added 1000 to their payrolls). n conSalt tractors added 700 more people to their payrolls, while employers in wholesale trade added 500. Payrolls in service businesses grew by Lake-Ogde- UTAH AND U.S. UNEMPLOYMENT RATE PERCENT OF LABOR FORCE (SEASONALLY UNEMPLOYED 11 UTAH ADJUSTED) u.s. : y June and July. While the payrolls at 1200 between most industries began to swell, retail trades payroll slumped as employers dropped 300 workers. Mining employers lost 200 workers 7v and government payrolls were cut back by 600. Employers in all Utah industries except services augmented their payrolls on a seasonally adjusted basis. Businesses in the services industry lost 100 workers, seasonally adjusted. The average weekly hours spent by production workers in Utah dropped off in June compared to May. Continued on Page 5b ' 1964 1966 1965 v 1967 1988 Shaded Area represents U.S. recession period as determined by National Bureau of Economic Ball Speaks I; 1972 Research. 1973 1974 1975 1976 Source: Utah Department of Employment Security FOR SALE rapidly growing new business GROSS SALES GROSS PROFITS r 1969 1975 year to date $63,480 $33,917 $120,000 $64,000 of increase 189 189 Collection point for recycling paper. Established three years ago. FredS. Ball is the Executive Vice President Salt Lake Area Chamber of Commerce The last thing business needs to do is go out of its way to give aid and comfort in the form of money, to the enemy. Treasury Secretary William Simon recently said, The business community would sell the rope for its own hanging." Take a look at the colleges and universities you support with corporate and personal funds," he told a Chamber of Commerce group. And then take a look at the product those colleges and unviersities are turning out. Then take a look at the organizations in your community to which your firm contributes, and ask yourself if some of these groups are really friends of business." His message was clear, as one would have expected. Bill Simon has a reputation for clarity. It has been obvious for some time to many business leaders, as well as to government qfficials of Simons stripe, that the American system of competitive enterprise is in deep trouble. It is under attack in Congress, in State legislatures, in city halls, on campuses, and in communities. Colleges and universities, even those which are state-rudepend heavily on substantial financial aid from business and business supported foundations. When the administrations of those institutions are so willing to seek out g business le'adership at time, why is it too much to expect that the business leaders get some performance commitment from the administrators? Why cant a president even in the liberal arts demand that his faculty understand the economic system which provides the money to pay for all of those laboratories, libraries, and research projects? One of our top local business leaders and a Chamber committee Chairman, recently appeared before a local consumer class as a guest lecturer. The professor started the class by saying that he goes to bed every night and reads the works of Ralph Nader, like some people read the Bible." The attitude of the class reflected the philosophy of the white-collprofessor as they referred to bribes; price-fixincriminals; profiteering; swindle; trickery, collusion, etc. etc. EPA hearings on growth and improvements for the State invariably bring out the always expected University professors, who make their living from tax dollars on such projects as "lie detector research," to stop, hinder, harass and delay business supported projects. The obstructionists are professors ninety percent of the time. Business funded allege projects like the Chair on the Environment" are usually active in pursuits contrary to business desires. The message of Bill Simon is pertinent, even critical. Business must evaluate where its financial contributions go. Business must wake up. In many cases it is funding the seeds of its own destruction. To paraphrase the old quote, We have met the enemy and he is us." CONTRACT SALE John Crossley & Son 2378 West Andrew Ave. Salt Lake City, Utah 84104 972-276- Estimate-curre- nt 6 financial statment will be available upon request. n, fund-raisin- g; M ar When speed is necessary, a metropolitan airport isnt. If your time is valuable, driving to those places can be arduous. well as Consider a charter from Thompson Flying as expensive, out-of-the-w- ay ' Service. Within a Salt Lake City radius of 500 miles, well set you down in two and a half hours or less, in almost any spot where you have business. (There are over 700 airstrips within this radius; only 20 serviced by commercial airlines.) AtThompson, we consider metropolitan airports a luxury, not a necessity. Short notice, day or night-w- ell get you there fast. Call us today for rates. Your time is worth it. Thompson Q1 THOMPSON FLYING SERVICE. INC. Salt Lake City International Airport (801)364-643- 8 |