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Show t. i December 12, 2002 The Times-lndepende- S.'l'J s',v .iVv" ! Extral nt . Page 4 Gains in productivity allow small businesses to do more with less increased to 6 0 Highlights The Zions Bank Small Business Index (or Utah rose to 79.1 in November 2002 versus a revised 77 8 in October Utah s unemployment rate increased to 5 3 in November 2002, October, and matching September's rate. Total Utah employment fell by 12,600 jobs during the past 12 months, an improvement over larger declines in recent periods Powerful gains in worker productivity allow companies to provide wage gains for employees without having to raise prices The nation's unemployment rate versus 5 1 in Central Utah Insurance Allstate serving southern Utah over 40 year Homeowners Insurance Builders Risk Business Insurance 170 E 100 S Moab 259-598- 1 fax 435-25- 9 5457 Agent: John Fogg Gianne Fo Rene Lance www insuremoab com r November up while net from October s 5 7 rate U S. employment declined by 40.000 jobs in 4459 KNAVE OF HEARTS BAKERY, Euro-tyl- e located bakeryin historic building in downtown Moab. Includes Building, recipes & FF&E. 1395,000 RESIDENTIAL 5079 & 5079: Custom Townhomes in Downtown Moab. 1540 sq ft on one level, 3 Bedrooms, 2 baths with 2 car garage. Homes currently under construction. An easy walk to shops & parks. $169,000 per unit. 5129: GREAT LOCATION, 3 bedroom, 2 bath home on 1 acre near golf course. Fully landscaped with covered patio in back. Move in condition. CaH today for showing $162,500. 5060. 3 BR, 1 Bath home recently painted i. - increase the in 1 annual 0 population. to raise prices or add new employees. Rising productivity has been the case in the U S. economy in recent years, and particularly in recent quarters. According to the U S. Labor highestsince 1987. November's 5.3 rate compared to a jobless rate of Department, worker 2002's third quarter average productivity in rose at an annual rate of 5.1, sharply above the original 4.0 estimate. More ''ortantly, productivity gams during the past 12 months rose . a powerful 5 6 annual rate, the largest increase in 36 years. Federal Reserve Chairman Greenspan has been a strong believer that higher productivity allows the economy to grow at a faster level without leading to rising inflationary pressures. Productivity gains in recent years have been impressive, especially when viewed against the average 1 .4 annual go irmg the 1970s and 1980s. The economys traditional non- - $199,500 5023 CUSTOM HOME BUILT IN 2000. 3 bed, 2 bath, 1672 sq ft. on 1 acre. Vaulted ceilings, spacious rooms and vaulted ceiling give this home an airy feeling Located on quite $225,000. 4828 FABULOUS CUSTOM HOME & acerage on Wray Mesa near Old La Sal. Seclusion with the comforts of home. Check our website for details. 4943 NEW HOME AT GOLF COURSE. 3BR, 2 bath. 2166 sq. ft. on .43 acres. Picture & details to come. $262,000. 4869 LA SAL HOME, 3 BR, 2 bath, 1269 sq ft home on .37 acres. New well & furnace. $65,000 4784 HORSE PROPERTY, 3 BR, 2 bath modular wKen's Lake irrigation. $149,500 4733 SPACE GALOREI 3 BR, 2 bath, 1 .57 acres wtons of storage. Got toys? This homes for you. $135,000 LAND ALOIS 5030 FABULOUS KAYENTA LOT WITH c. O 5, productivity and a productivity, or rising output per worker per hour, allows companies to produce more goods andor services and pay higher wages without having productive on the job. Higher worker with auto sprinklers. $96,000 5020 SPACIOUS HOME in quite neighborhood. Sales price includes, 3 BR, 2 r baths, 2 building lots, swimming pool and 28004 sq of living space. All this for just )! in rise or higher annual rate, combined with 1.0 population growth, leads to higher levels of growth potential without the ravages of inflation. Utah Employment The Utah unemployment rate the most heavily weighted component of the Zions Bank Small Business Powerful Productivity A key to rising standards of living for consumers in any economy is the desirability of workers being more and partial remodel. Fenced back yard f(li ttfinu mflationary growth potential was the sum of a 1 .5 viewed near 2 FANTASTIC VIEWS. 3.01 acres bordering BLM & Millcreek canyon. Sewer to lot. Call for details. $145,000. 4768 LENORE ESTATES: bldg lot near Kens' Lake, modulars & horses ok. 50 of well & Ken's Lake irrigation water. $47,500 4754: 1.2 ACRES zoned commercial. 400-ft Hwy frontage. Great for business f Productivity rising at a 3 0 in was 5.3 from November 2002, up Octobers 5.1 rate. Marchs 5.9 rate was the Index for Utah 5.2 during November 2001. A higher Utah unemployment rate is a positive contributor to the Index as it implies increased access to Utah labor. Utah's unemployment rate in 2001. By averaged 4.4 comparison, the 3.2 average during 2000 was one of the lowest annual rates since the early 1950s. These rates compare to average Utah unemployment rates of 3.7 during 1999, 3.8 in 1998 & 3.1 during 1997. Total employment in Utah actually declined by 12,800 jobs (down 1.2) over the past 12 months. This drop compares to the revised 12.200 jobs lost in the prior period and the 16,000 decline year-over-ye- ar year-over-ye- ar or warehouse. $90,000. 4751 LARGE LOT IN TOWN .60 acre, modulars ok, great for duplex. $41 ,000 3292-9- 4 4 4275-7-6 ORCHARD PLACEI 5 building lots available starting at $34,500. Spectacular views, great location! 1 SPANISHTRAILS ESTATES Near golf course. Panoramic views form this exclusive development. Starting at $45,000 LA SAL ESTATES 12 lots from 1.86-3.3- 6 acres, bassduck pond. Owner financing available. OwnerBroker. From $14,880. 3076-308- re 3053-2,00- COMMERCIAL SQ. FT. Building with shop, 0 office, retail space & additional 1,000-sft. loft. $215,000 2964 NORTH MAIN 13(-- ) ACRES zoned C-- Waiting for developer with big picture in mind. Will sell part or with buyer. Over 13 mile of highq. 4. way frontage. Owner financing available. $3,500,000 2423 MAIN STREET 2.83 acres of prime Main Street frontage located within city limits. Zoned commercial! Owner financing available. $663,390 5068: COMMERCIAL BUILDING on MAIN: 1 152 sq ft building on .24 of an acre. Great location between Boomers and the Brewery. Call for details. $199,500. (- Tyson Lesmeistar Dave Bierschied Lenore Beeson beesonc 0 trontieroet.net -) job losses August. this year represent the first declines in 20 years. These totals compare to in Year-over-ye- ar gams averaging 38,300 new jobs annually during the 1994-200- 0 period. Weak job growth or actual employment declines, leading to lesser income creation and weaker retail spending, has a negative impact upon Utah's small businesses, and therefore, the Index. The Zions Bank Small Business Index for Utah rose to 79.1 during November 2002 from a revised 77.8 during October 2002. The Index measures business conditions from the viewpoint of the Utah small business owner or manager. A higher Index number is associated with more favorable business conditions for Utah's small businesses. The Index uses 100.0 for calendar year 1997 as its base year. The Index also includes revisions to various historical or forecast components. National Employment The nations unemployment rate was 6.0 in November, up sharply from October's rate. 5.7 Novembers 6.0 rate matched that of April 2002, and ranks as the highest U.S. jobless rate in eight years. The U.S. Department of Labor's business survey reported a net loss of 40,000 jobs in the economy in November. Financial markets had expected a gain of roughly 30,000 jobs. Partially offsetting the grim news was a net 20,000 upward revision to employment totals during September and October. The sector of the U.S. economy lost 51,000 jobs in November, including the loss of goods-produci- 45,000 more manufacturing positions. The manufacturing sector has experienced job losses for 28 consecutive months, with total employment down more than eight percent. Construction employment has declined by an estimated 26,000 jobs over the past two months, after adding 48,000 jobs in the two prior months. g jobs rose by a in Retail November. 11,000 meager trade lost an estimated 39,000 jobs in the month, with sector jobs down by more than 250,000 over the past 15 months. The finance, insurance & real estate sector added 7,000 jobs in November, with 88,000 jobs added over the past five months. Strong mortgage refinance activity has led to new job gains. The government sector added another 8,000 jobs in November. The December 2002 Zions Bank Small Business Index for Utah will be released on January 7, 2003. Service-providin- |