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Show vowmest me’ "AE OGDEN VALLEY NEWS May Slowing U.S. Economic Growth and Rising Short-term Interest Rates Will Modestly Impact Weber County Small Businesses As a result, slowing U.S. economic growth and rising short-term interest rates are negative contributors to the Index. UTAH EMPLOYMENT The Utah unemployment rate—the most heavily weighted component of the Zions Bank Small Business Index for Utah—was estimated at 4.8% in the latest month, unchanged from the prior month’s rate. The current 4.8% rate compared to a jobless rate of 5.3% during the same month one year ago. A lower Utah unemployment rate is a negative contributor to the Index as it implies decreased access to Utah labor. Revised data shows that Utah’s me ment rate averaged 5.2% in 2004, 5.7% in and in 2002, and 4.4% in 2001. By compan, the 3.4% average during 2000 was one of the lowest annual rates since the early 1950s. These rates compare to an average Utah employment rate of 5% between 1995 and 199! ‘otal Utah employment rose by an estimated im 300 jobs (up 3.7%) over the past 12 months, of the strongest annualized gains in eight ears. This rise compares to a revised gain of 40,800 jobs in the prior year over-year period. These totals compareto gains averaging 38,000 new jobs annually during the 1994- 2000 period and a net loss of 1,300 jobs in 2001 through 2003. Stronger job, gains, leading to greater has a positive impact upon Utah’s ’s small businesses and, therefore, the Index. The Zions Bank Small Business Index for Utah was 110.3 during April 2005, down from a revised 110.8 during March 2005. The Index measures business conditions from the viewpoint of the Utah small business owner or manager. A lower In mber is associated with less 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 as they become available. LOCAL PERFORMANCE Weber County experienced job growth of 1,800 jobs (2.0%) from ear ago. Joblessness registered 5.5%, down from the 15, 2005 What is Sleep Dentistry? Wh ou need dental work to be perormed, wouldn’t it be great if you could just swallow a small pill and shortly afterwards be so totally relaxed that you are hardly aware of all the sights, sounds, and smells that are usually associated with dental procedures? Doesn’t this sound like a dream come true? This is totally possible with today’s dentistry. The American Dental Association reports that over 85 million people living in iS United States are afraid of visiting the dentist. tion (sometimes called sleep fara is a valule and great option for these clients to receive the proper oral healthcare. This method has been used safely for over 15 years—but with newer techniques and monitoring equipment, it has mnoenae more popular in the last a of years. on interested in thi f anxiety-free daakay 9 would begin by visiting a dentist who is NATIONAL EMPLOYMENT The U.S. Department of Labor reported a gain of 274,000 net new jobs in April 2005, roughly 90,000 more than expected on Wall Street. In addition, employment gains in February on March were revised higher by 93,000 jol The. U. s. me aes rate was 5.2% in April, unchange March’s rate, and remains the lowest in cealy four years. June 2003’s 6. ahd rate was the highest in nine years. G lucing industries saw a net gain of 45,000 jobs i in April, with a loss of 6,000 manufacturing jobs. Construction added 47,000 jobs t month. Service providing industries added 299, 000 positions in April, with new jobs in professional and business services, health care, and leisure leading the way. Solid U.S. and aval economic growth remains on track. We expect a net average gain of 175,000-200,000 net new jobs monthly this year, in line with the 183,000 average monthly gain during 2004. Reasonable job gains should occur even as short-term interest rates continue to rise. The May 2005 Zions Bank Small Business Index for Utah will be released on June 7, 2005. Zions Bank is Utah’s oldest financial institution, and is the only local bank with a statewide distribution of branches, operating 112 full-service branches throughout Utah. For more information, contact Zions Bank’s Eden Vally office at (801) 745-0835. Additional information on Zions Bank is available at <www.zionsbank.com> the patient aft | 7 will alter theiraa to drive. After the dental work has been performed, most people hardly even remember the oer F Or thos WI iety, it’s time to ‘ae ating ot oneal dental treatment! For morei n, please contact Dr. Vern Iverson at his Eden office at 745-3882. Substance Abuse and Mental Illness D 3,800 jobs (4.2%) in the past year. unemployment rate was 4.6% in the latest month, down from 5.4% one year ago. Cache County emplooyment grew by 1,200 jobs (2.6%) in the latest 12-month period. The area’s jobless rate was 3.9%, up slightly from the 3.6% rate of one year ago. Salt Lake County employment rose by 14,900 jobs (2.8%) over the year. The county’s unemployment rate fell to 5.1% in the latest month, down from 5.8% last year. Utah County a a grew by 7,400 jobs (4.7%) over the last 12 months. The area’s jobless rate was 4.7%, down from the 4.8% rate of one year ago. Washington County payrolls expanded by 4,400 jobs (10.6%) in the oF year. The unemployment rate was 4.2% in the latest month, down from 4.6% one year ago. specially trained in providing oral conscious ed . The dentist will determine the best methods of ee to use, and make the proper recommendations of how to achieve it. Often this involves taking a prescribed sedative about one hour prior to the dental appointment, allowing the medication to take effect so the dental procedure(s) can be easily performed. With this type of sedation, you are never “unconscious” as you would be for most surgical procedures, you are Just ina deeply relaxed state. It’’s important that Mary Etta Tubbs, F:L.E. The Disability Forum In this era of community-based treatment and wide-spread availability of alcohol and other drugs, people with severe mental illnesses (schizophrenia, schizoaffective disorder, or bipolar disorder) are highly likely to abuse or be dependent on alcohol or other drugs such as cocaine or marijuana. According to recent studies, approximately 50 percent of people with a diagnosis of severe mental illness also meet lifetime criteria for a diagnosis of substance use disorder. Why individuals who have a mental illness are so prone to abuse alcohol and other drugs is a matter of controversy. Some researchers believe that substance abuse may precipitate mental illness in vulnerable individuals, while others believe that people with psychiatric disorders use alcohol and other drugs in a misguided attempt to alleviate symptoms of their illnesses or side effects from their medications. The evidence is most consistent with a more complex explanation with such factors as poor cognitive function, anxiety, deficient interpersonal skills, social isolation, poverty, and lack of structured activities, whic mbine to make people with mental Tessas canticulity vulnerable to alcohol and drug abuse. In addi- tion, people with a diagnosed mental disorder appear to be extremely sensitive to the effects of alcohol sand other drugs. Subst: lbuse also appears to worsen health aid soil problems ty contributing to poor nutrition, unstable relationships, inability to manage finances, disruptive behavior, and unstable housing. Substance abuse interferes with treatment as well. People who have been diagnosed with a severe mental illness and substance disorder are likely to deny alcohol and drug problems, to be noncompliant with prescribed medications, and to avoid treatment and rehabilitation. Perhaps due to their poor treatment compliance and social isolation, peo: with both mental illness and substance | hospitalization, and incarceration. Because substance abuse is a chronic, relapsing disorder, treatment may take several months or years, and involvement in some form of treatment should continue for years. Source: NAMI Provider Education For information on NAMI classes, contact Tri-County Independent Living Center of Utah at 612-3215. Tri-County ILC provides programs and services to “Enhance Independence in People with Disabilities.” >QB HIGHLIGHTS * The Zions Bank Small Business Index for Utah declined to 110.3 in April 2005, down from a revised 110.8 in March 2005 * Weber County experienced job growth of 1,800 jobs (2.0%) from a year ago Joblessness registered 5.5%, down from the 6.2% unemployment rate one year ago. * Utah’s unemployment rate was estimated at 4.8% in the latest month, unchanged from the prior month’s rate. Total Utah employment is up an estimated 40,300 jobs during the past 12 months * A slowing of U.S. economic growth and additional Federal Reserve monetary tightening will modestly impact Utah’s small business sector * The U.S. economy added 274,000 net new jobs in April, while the U.S. unemployment rate remained at 5.2% TWO OUTSIDE FORCES A slowing of the U.S. economy, combined with rising short-term borrowing costs, should contribute to a modest slowing of the Utah economy later in 2005 and during 2006. The U.S. economy grew at a 3.1% real annual pace in 2005’s first quarter, below expectations. Forecasts for growth over the balance of the year are near a 3.5% real growth rate, with similar growth expected in 2006. While such U.S. growth is solid, it remains below the 4.5% real annualized growth rate during the 18-month period ending in December 2004, the strongest 18month growth pace in 20 years. oe e same time, rising inflationary pressures an economy will lead to additional abe tightening by the Federal Reserve over the balance of 2005. We ag additional tightening moves on June 30 and on August 9. The Federal Reserve’s Open Market <a surprised no one on May3 with their ith consecutive 0.25% tightening move. The federal funds rate, currently at 3.00%, could reach 4.00% or so by the end of the year. The Small Business Index assumes that small Page 13 Paul L. Judd The only name in Valley Real Estate you’ll ever need to know. Experience Counts Count on Me! 801-814-5667 Cell 801-745-6000 Office www.Pauljudd.net Website Casa Resorts. All One Hour from Salt Lake! at Wolf Creek Resort Ogden Valley * 18 year Multi Million Dollar producer * Broker/Manger Great American Realty pauljudd@mstar2.net Real Wem Your Winter Ski Chalet. Three Family Ski 20-year Valley Resident | have represented tate ight! | |american buyers and sellers in the purchase and sale of hundreds of Ogden Valley properties. Bob Whitney 801-205-7111 Marketed by Watts Group Follow Signs from Wolf Creek Club House One Mile East to Trappers Ridge Models Open Daily Except Sunday 801-272-7111 / www.trappersridge.com Visit me at my office in Eden at the Great American Realty Building located at 5460 East 2200 North Eden (Across the street from the Eden General Store and Eden Park) AWatts Enterprises Community Kevin Wat s Architects a nm wu and Area Snowmobiling ] ON |
