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Show Page two The National Enterprise, July 13, 1977 conomic Roundup a r Home prices have grown in a year 17.8 UNEMPLOYMENT RATE, UTAH AND THE U.S. PERCENT (Seasonally Adjusted 1964 - 1977 OF LABOR FORCE UNEMPLOYED 11 Bank deposits are increasing but loan volume is down Duration of unemployment has shortened in Utah - i 1964 Shaded Area 1965 represents 1966 1967 U.S. recession period 1968 as 1976 1978 1977 Soorce: Utah Department of Employment Security and the Bureao of Labor Statistics determined by National Bureau of Economic Research. By James M. Schutz Economic indicators this month continue to tell the story of slow but steady growth. The most encouraging development will be found in the employment statistics, which not only show the rate of joblessness declining, but show encouraging signs of continued employment gains in the months to come. Construction activity will probably slow in the future, and real estate activity showed continued weakness. Bank loans declined, but consumers, property owners, and business did not feel the contraction as their loan volume rose from last month. Overall, the level of the indicators is impressively above last years figures. Expand your work force without expanding the payroll The employment figures for the state of Utah continue to look bright. According to the Utah Department of Employment Security, the official unemployment rate for the month of June fell .01 percent to 5.5 percent. (See graph A). This compares to the national rate, reported Friday of 7.1 percent. TTie weekly rate for the seven days ending July 2 showed further improvement by dropping to 5.4 percent. (See graph B). Figures indicate unemployed workers are finding jobs quicker, meaning the average New Corporations Filed Utah, Jan 400 J fed 300 June l! Stef'1 S W' - i V:: , I hC $000 Jt Vtetf 25 'vvifp 24 i 23 22 z 200 J F M A M J New Business licenses S.L. County 19 18 17 16 15 14 13 12 Monthly 11 77- - 7- 6- f e Jan June 1977 0 SI aa -- r-i-TTL' n ... r PHOTOREPRODUCTION IS THE KEY Total nonagricultural employment rose an estimated 22,000 from June of last year. This rise of 4.7 percent resulted from increased employment in all sectors except construction, which declined one percent from year ago levels. The largest increase came in mining, which added 600 jobs SECOND ORIGINALS - Save time and money with exact 10 .., & nr j-- nr if v r T I tj 4 ; ,'? t '& tlM r v :: 4 'At & m $ I, i O , iwfcrttJk fT HI 1 Cfcit L I H 7 H' I ii.w-- V v W tikvh 4 J t!w $ SSS QGL1Q0E3 D J F M A M Source: NAC Mays 22,423, reflecting ii 21 20 duration of unemployment is on the decline. This further indicates plentiful job opportunities. The number of help wanted ads in Salt Lake City newspapers for the month of June declined to 20,528 from seasonal trends. Despite the decline, the June total was 14.04 percent above last June's figures.(See graph C). No. of Help Wanted Ads Daily SLC Newspapers Dec. June J F M A M J in the month of June, bringing the total to 9,000, or 11 percent above year ago levels. 1977 1976 March of this year, when new incorporations reached a 1977 high of 380. Salt Lake County reported a New incorporations in the state of Utah rose for the second consecutive month in June reaching 363 (See graph D). Progress for the two months brings the figure almost to the level it reached in continued decline in the number of new business licenses. (See graph E.) For the month of June, only 97 new business licenses were issued in the county, versus 150 for the previous month. Salt Lake City figures were unavailable. better them Utah go!f tuhtemds? duplicates of your drawings ready for additional drafting. SHADOW PRINTS - Save drafting time with "phantom images. PASTE UP DRAFTING - Photographically combine parts of several drawings into one composite without any tracing. ENH MAPPING - serve you. Give us has the ideas, equipment and expertise to a call. ENH MAPPING INC. 485-538- Shm guessed iit! 9 436 Lawndale Drive AERIAL PHOTOGRAPHY ORTHOPHOTOGRAPHY VOLUME COMPUTATIONS SALT LAKE 3151 So. State St. Salt Lake Citv, Utah 84115 Phone 487-964- 7 J Sailing. Especially in Utah. Great Salt Lake, Bear Lake, Utah Lake, Pineview, Rockport, Deer Creek, as well as other Utah waters are ideal for sailing. And our Tasars, Ilobie Cats, Lasers and Ericson yachts arc ideal for our range of waters in Utah. From the small, spirited catamarans and dingys to the elegant 39 foot yacht. We have them. Drop in and browse, around. |