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Show The Enterprise Review, July 28, 1976 Page 8b Labor Market Returns to Balanced Ratio The number of job almost doubled this Merchants The number of non-farlabor market ratio down from a steady climb above the applicants increased from 2004 in the week ending July balance point. Figures above the 1.00 10 to 2980 in the week ending The number of balance point indicate an im- July 17. non-farbalanced labor market as the job openings denumber of job openings ex- creased from 2466 in the ceed the number of appliprevious week to 2395. The number of people cants. As figures hover below the 1.00 mark, a normal, filing claims for unemployThe Sidewalk Sale, initiatactive market has been ment insurance stepped up ing Utahs Pioneer Days in achieved. As they plunge slightly while the number of downtown Salt Lake City, below .700 mark, economists placements slumped almost generated a general increase may look for signs of recession nine percent from the previous in sales over those of the year week. and high unemployment. before, with estimates ranging from a 33 percent boost boasted by Pennys to fractional increase by Schubach Jewelry. Mr. Mac mens clothing o store estimated sales volume ?K increased about 15 percent week as job openings decreased slightly, swinging the m Boast Sales m KEEP IT MOVING! If you want to keep your business moving, the Review can help. Increases this year, while Shapiro 00 .5 Travel and gift store indicated about a 20 percent increase in volume. ZCMI managers said they with the were pleased results but declined to offer a specific estimate. c If you're running a business, you cant afford to be uninformed. The more familiar you are with your total business environment, the better able youll be to take advantage of its opportunities. Because the Review is a specialized publication, we can provide our readers with the most complete, accurate, and diverse reports about the Utah business scene. Growth centers, sales tips, retailing information, advertising analyses, real estate, finance, investment opportunities, industrv trends, legislation, management problems (and solutions) and more. It's all in the Utah Enterprise Review each week. Utah business is on the move. Move with it. V a O aa S Penneys merchandising Ie manager Chuck Huskinson said the results of the sale were outstanding and said the store had done better this year than it had the last two years. i SUBSCRIBE TODAY afford (you really Yes, please send me the Utah Enterprise Review. Enclosed is an $ 2 4.00 check to cover my one-yesubscription. P.O. Box 11778, Salt Lake City, Utah 84147. Week Ending ar Name Company Name. UTAH LABOR MARKET ACTIVITY The Utah Labor Market Indicator is derived by dividing the number of new nonfarm job openings by the number of new non-farapplicants. Week Ending July 17 PERCENT CHANGE (over previous week) m Address .State. City Zip ( ) COMPLETE PRINTING SERVICE Letterpress Phototypesetting Creative Layout Design Lithography Business Intertypesetting Industry Commercial ( Stationery Pamphlets Brochures Forms AND EQUIPMENT WE HAVE THE KNOW-HOFOR YOUR PRINTING REQUIREMENTS W ' Phone (801 ) 487-065- 1 LORRAIN 1952 West 1500 South Salt Lake City, Utah 84104 in Cities Spending Slumps Major Western Most major western cities of .6 percent while Las Vegas experienced slight slumps in spending dipped only .4 per- spending activity between cent. April and May, 1976, accord- FULL COLOR PRINTING decrease ing to figures recently released by the Federal Reserve Bank of San Francisco. Both Salt Lake City and Phoenix, experienced a 3.8 percent decrease in seasonally adjusted spending activity Comparing Utah cities, Salt Lakes economic picture looked slightly more vigorous than Ogdens, with a 3.8 percent dip in activity for Salt Lake compared to a 4.9 percent decrease reported for Ogden. But Ogdens checking account balance, seasonally adjusted, showed a boost of 5.2 percent while Salt Lakes balance dropped by 3.5 percent. Ogden banks have experienced a consistent upward climb in their combined checking account balances since January, 1976, (from Januarys low of $109.5 million to Mays high of $121.3 million) while Salt Lakes more volatile picture showed a sudden drop after a rapid increase in during that period. (Spending activity is measured by the turnover ratio computed by the Bank, comparing the number of checks written with the balance left in the checking accounts.) Meanwhile, San Francisco experienced a strong surge of spending activity, increasing its turnover ratio by 11.5 percent between April and May. Boise, and Las Vegas, floated during that period with very slight dips in their ratios. balance amounts between Boise experienced a decrease February and April. |