| OCR Text |
Show Income Increase Hoted For Utahns During '53 Utahns enjoyed another year of increasing income during 1953 although their per capita income was still below the national na-tional average, it was reported in the Utah Foundation Research Re-search Brief released today. Using Us-ing U. S. Department of Commerce Com-merce data just published, the brief reported that individual income of persons in Utah reached the all-time high of $1.1 billion for the 1953 calendar year. This was an increase of 26 since 1950 and 3 over 1952. The rise in income was led by manufacturing payrolls which increased 11 between 1952 and 1953. Mining payrolls rose 9 while trade and service payrolls and givernment -payments each were 6 above the previous year. The Utah Foundation Foun-dation release noted that farm income declined sharply (29) for 1953. Construction payrolls were also reported to' be down 5. Income per person averaged $1,500 in Utah for 1953. It was reported that this was $55 below be-low the average for the Mountain Moun-tain States and $199 under the national average. The principal sources of Utah incotne in order of their size were: trade and service, government payments, manufacturing, manu-facturing, mining, agriculture, and construction. Noting that government payments accounted account-ed for 23.6 of all income received re-ceived by Utahns, the Foundation Founda-tion observed that only two other states, Virginia and New Mexico, received a greater percentage per-centage of their income from this source. Utah Foundation points out that while the importance of manufacturing in the general economy is less pronounced in Utah than in the nation as a whole, its importance in the State is increasing rapidly and Utah is second only to Colorado' among the Mountain States in manufacturing activity. Utah was again among the leading states of the nation in income from mining for 1953, the Utah Foundation report said. Utah citizens received 7.3 of their income from mining min-ing payrolls compared with a national average of only 1.4. The Utah percentage from mining min-ing was exceeded only by West Virginia and Wyoming. Commenting upon the part mining plays in the Utah economy, econ-omy, the Utah Foundation report re-port said: 'It should be pointed out that the payrolls of an industry in-dustry do not give a complete picture of the importance of that industry to the economy of the State. For example, approximately approx-imately 65 of interstate 1 railroad rail-road tonnage and 60 of intrastate intra-state tonnage is provided by the mining industry. In addition, much of Utah's manufacturing activity, such as smelting of metals and production of steel, is directly associated with mining." |
