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Show Utah economic pace accelarates slowly Utah's economics pace has accelerated slowly since the low points of the recession last November and is follow- rune, an increase of 3,000 or 10.7 per cent from 1970. The labor force has increased by' 11,000 due primarily to the in-j in-j creased number of new en-I en-I trants into the labor market. ing national trends. I This is the report of the First I Security quarterly News Letter Let-ter according to Francis M. Betenson, manager of the Cedar Ce-dar City office. Production, employment and trade for the first half year were all well ab we last year's levels, while personal incc.ne ..? irst ix mc.tths Dialed Dial-ed npprjxima'dy $1.8 billion, an increase of 90 million over the same period of 1970. The out'Dok for the third "up er r 1971 is fair, but will be affected by labor problem? .a the mal.j industries and in some construction areas according to EIRoy Nelson vi?e president and economist w.io edits the News Letter. Tctal manufacturing ar shown by output is about the i same as last year, aecordinr to First First Security. Fabri cated metals, chemicals .P parel and other industries an slightly higher, while stee and nonferrous metals arc slightly lower. Total employment by mid-June mid-June was at 419,300, an increase in-crease of 7,400 or 1.8 per cent from last year. The only decreases de-creases are shown in the agricultural agri-cultural industries (down 1,400) and in Federal defense areas (down 400.) The biggest big-gest increase in employment are in the construction industries indus-tries with th boom in housing Unemployment, reports the News Letter, was at 31,000 in |
