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Show T ' i UINTAH BASIN STANDARD. December 31. 2001- - Page 5 Utah's workforce 2001 summary and job outlook for 2002 In early 2002, the 2002 Olympic Winter Games will dominate the Northern Utah economy. Thousands ofvisitors and temporary workers will begin to arrive in early January. This period of activity will be perfectly timed to give Utah the economic lift it needs. As service-relate- d businesses, including new hotels, begin to ramp up, spot labor shortages may even occur. Nevertheless, for the vast majority of Utahs labor force, it will be business as usual during the two or three months of Olympic excitement. Several mjor construct ion projects were completed in 2001, and 2002 looks to be a leaner year for construction. The dearth of new employment opportunities for construction workers could extend Utah's economic slowdown well into 2002. Thu g 1 expansion in Utahs construction industiy ended in 1 990. The year 2001's net Iras ofabout 2, (KM) jobs is the second year of the downturn in the industry as several mqjor projects have biH'n completed. With fewer construction projects anticipated for 2002, a loss of an additional 5,600 jobs is forecasted. Near the end of 2001, Utahs economy was experiencing its worst Blump since the 1980s, Non-faremployers added only 10,000 net new jobs in 2001, a growth rate of 0.9 percent. This is Utahs slowrat job growth since 1983. Itisonlyafrartion of the long-teraverage of 3.5 percent. Correspondingly, Utahs 4.4 percent unemployment rate for 2001 is a nine-yea- r high. A monthly average record-breakin- m i " i contributed to the decline in wages. However, Utahs demographics have also played a part. Utah has a large percentage of young people in the la-- , bor market and a relatively young labor force. Young people are usually paid less than older workers. In addition, Utah has a higher percentage of than individuals working part-tim- e the UB. in general, which also tends to pull the average wage down. Shortr. ages of workers from 1996 through The 2001 rate of job growth in 2000 are thought to be a factor in the Utahs mqjor industrial divisions relatively rapid wage increases ofthose ranged from minus three percent in years. Average annual pay in 2002 will manufacturingand construction to five likely see somewhat slower growth. One reason for Utahs high labor percent in finance, insurance, and real estate. In 2002 construction job losses force participation is its young popuwill deepen, but most other divisions lations. Moreover, Utahs teenagers should see some minor improvements. andyoungadults are much more likely In 2001, UtahB average annual to work than their U.S. peers. In addinonagricultural pay was $29,700 tion, Utahs population aged 55 and up 3. 1 percent from the 2000 average, older accounts for a relatively small an increase of 4.8 percent. This is the share ofits adult population, and these seventh year in a row that average older people are also more likely to wage increases in Utah have outpaced work than their UB. peers. Other facincreases in inflation, as measured by tors are: (1) Utahs large families and the U.S. Consumer Price Index (CPI-U- ). wages may influence families to have more than one Since the early 1980s, growth in wage earner, and (2) for several years wages for Utahns covered under unjobs have been readily available. employment insurance laws have lagged far behind national wage increases. Utah annual pay as a percentage of U.S. annual pay has declined from a high of 96.3 percent in 1981 to a low of 82.8 percent in 2000. Nothing in the foreseeable ftiture will alter of about 60,000 individuals was out of work in 2001. The Olympic Winter Games will provide a temporary boost in early 2002. Even so, the years economic performance will appear similar to that of 2001. Job growth will remain near one percent (12,000) and the unemployment rate may reach five percent (58,000 unemployed). Signs of a recovery should be evident after December 20 Shylo Marie Ames and Matthew Robert Yazxie, Roosevelt, girl. December 20 Amanda Lee Bastian and Ryan M. Bastian, Altamont, boy. j December 20 Heather Ann Cundall and Jake Wesley Bruckner, Vernal, girl. December 20 Lana Duke and Colin Lee Duke, Roosevelt, girl. December 21 Raleen DeAnn Gines and Brian Terry Gines, Neola, girl. December 21 Bailee Harris Chequp and Bradley Myton Pinnecoose,Ft. Duchesne, girl. December 23 Alisa Gaye Reynolds and Nathan Steele Reynolds, Vernal, boy. December 24 Carrie Lynn Farrar and Kerry Grant Farrcr, Roosevelt, girl. ! mid-yea- lower-than-avera- The customer service foyer at the newly opened UBT A BRAND NEW UBET building allows several customers to be served at the same time. The first floor of the 5 1,000 square foot building includes a customer service wing and dispatch center. The second floor houses executive offices. Technical support services are located in the basement. The building also features a large conferencereception room with seating for 150. It ia only a moment here and a moment there that the greatest writer has. Robert Froat this trend. The loss jobs in the early and mid-80- s .v WINNING SMILES The following youngsters took home top prizes fronTthe Christmas Baby Show: Queen and Most Photogenic - Morgan McCarley, daughter of David and Nicole McCarley. Princess - Jobi Einerson, daughter of Spike and JoAnn Einerson. Jobi also won Best Dressed and 1 attendant. 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They are Queen- -' pictured were the la Moon, Victoria Bergquist; Princess-Taka- y Gillum, daughtcrof Jocelyn 1 place and Photogenic - Brooke daughter of Blake and Rusty Moon: Loflis, daughter of Amanda Loftis. ar ar Uintah Basin s For Delivery IN the Uintah Basin Area Special ONE YEAR TWO YEARS THREE YEARS Win tiers of the Christmas Baby Show in the LITTLE WINNERS old age group are pictured left to right: 2nd place - Hagen Allen, son of Crickett and Sherry Allen; 4 place - Tanner Moon son of Blake and Rusty Moon; and King - Daiten Mecham, son of David and Jessica Mecham 1 Regular Prices Good With Coupon Only!! $21.00 $33.00 $45.00 Give A Gift For Delivery OUT of the Uintah Basin Area Special Reguar ONE YEAR 36.00 $32.00 TWO YEARS 56.00 $50.00 Subscription! We will send a Card in your behalf Announcing Your Gift! Name Uintah Basin Standard Address 268 South 200 East Roosevelt, Utah 84066 or Call ' Pictured left to right King CHRISTMAS B AB Y S ! I W W l N N LRS Sixkiller: Nikki of son Pplace -- Dakoven SixUle, Lethan month boys, Jackson PrincePike, son of Mecham. son of Da id and Vica Mecham: and Dressed Best King. won Photogenic i.1'.1 Cleveand Amy Pike, wlv : . 1. 0-- 6 435-722-513- 1, Free at Mention this Special and use your VISA or MasterCard Toll St. City 800-427-86- 79 ZiP 1 NEW RENEWAL ? 'i I ia 1 i ! jji I , ' i (Prices Good with Coupon Only!) Clip and Send To: v Year 2 Years ' 3 Years |