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Show PERSONAL INCOME IN UTAHJNCREASES Utah's personal income in 1962 will reach approximately $1,976 billion, an increase of 8 per cent over 1 9 6 1 ' a total, and a further increase in-crease is expected in 1963. That is the report in First Security Se-curity Bank's Newsletter which will be distributed shortly, it was announced an-nounced Saturday by Rodney O. Chapman, manager, First Security Bank, West Jordan. The Newsletter is prepared by EIRoy Nelson, First Security vice president and economist. Employment Employ-ment in Utah this year has aver- aged some 5 per cent more than in 1961, end average wage rates were $15 a month higher than in 1961, First Security reports. Cash receipts from the state's farm - marketings will total more than $165 million in 1962 some $12 million over 1961's. Cattle prices through December have continued con-tinued well above I 96 1 but milk prices are slightly down. Utah's turkey production in 1962 set new records, and prices have been approximately ap-proximately 20 per cent above I96IV Utah's retail sales this year will finish an estimated $60 million ever 1 96 I 'a total, and department store sales are 10 per cent higher. New car sales have set a record in the state, with an increase of 20 per .cent over 1961 a. Total nonagricultura lemploy-ment lemploy-ment in the Beehive state in December De-cember was 13,000 higher than a year ago. Unemployment has consistently con-sistently been below 1961 levels all year. Residential construction in Utah in 1962 will reach an estimated $100 million, a new all-time record. |