|Where the better wages are!
Employment by Major County
Employment by Major County
- The “Top 4” Counties represent 80% of the
- Salt Lake County has 48% of
jobs and 45% of the establishments.
- Utah County
is #2 with 15% of jobs and establishments.
County which thinks of itself as a “bedroom” is #3
with 8% of jobs and establishments.
County is #4 also with 8% of jobs.
County rounds out the top 5 with 4% of jobs but
with a whopping 8,300 of net in-migration.
- Cache, Iron and Uintah tie for the lowest
unemployment rate of 2.2%
- Wasatch County is
#11 but with the highest unemployment rate of 4.3%
a number all would have celebrated just a few years
- Uintah County has the highest wages -
$3,211 and Iron County has the lowest -
- Utah is clearly a "small business state" with
the # of employees per establishment averaging 14
and with a high of 16 in Weber and a low of 8 in
|Rank (# of Jobs)
Monthly Wage||Unemployment %
||Natural Population Increase
Source: Utah State Workforce Services
|GLOBAL MARKET BRIEF
CANADA/U.S.: Canada issued a World
Trade Organization (WTO) request for consultations
over U.S. agricultural subsidies Jan. 8, singling out
the $9 billion paid annually by the U.S. government
to corn farmers in export credit guarantees. Under
WTO rules, consultations will probably last 60 days
before the dispute can proceed. This case builds on
a dispute successfully brought by Brazil in 2005
challenging U.S. cotton subsidies. These cases could
set a precedent for future cases brought against
U.S. agricultural subsidies.
RUSSIA: Russia reopened the Druzhba
trunk pipeline in Belarus on Jan. 10, resuming transit
to Poland, Germany, Ukraine, Slovakia, Czech
Republic and Hungary. Russia cut oil supplies to
Belarus -- and hence Europe -- on Jan. 8 after
Belarus imposed a transit duty of $6.14 per barrel on
Russian oil. Belarus was acting in response to an
increase in Russian natural gas prices from $46 per
1,000 cubic meters to $100 per 1,000 cubic meters in
2007. The price is to increase to the full European
average -- currently around $280 per 1,000 cubic
meters -- by Jan. 1, 2011. The dispute further
highlighted Europe's need to diversify energy sources
away from Russia.
CHINA/U.S.: Chinese trade surge -
China’s trade surplus reached $177.5bn (£118.7bn)
last year, 74 per cent higher than in 2005, a rise that
will intensify pressure on Beijing further to open its
markets and accelerate the revaluation of its
currency. The growth in the surplus reported by
China’s customs agency – up from $102bn in 2005
and $32bn in 2004 – has been driven by continued
strength in exports, up 27 per cent year on year, and
relatively weaker imports growth of 20 per cent. The
deficit with the US is even higher according to
Washington’s measure, reaching an all-time high of
$214bn in the 11 months to November.
Source: Strategic Forecasting, Financial Times
- Oil Falls Below $52 – Copper Down
- Crude Oil prices fell below $52 a barrel to their
lowest since May 2005. Copper dropped $40 to
$5,837 a ton.
- Job Openings and Labor Turnover
- In November, 5.0 million persons were hired,
marginally higher than the revised October figure.
Total separations increased from the previous month,
to 4.6 million from 4.5 million. Construction and
trade/transportation/utilities were the only industries
in which the number of separations was greater than
the number of hires during the month. Job openings
totaled 4.2 million, unchanged from the prior month.
The job openings rate was unchanged at 3.0%.
- Oil and Gas Inventories
- Crude oil inventories plummeted by 5 million
barrels for the week ending January 5, according to
the Energy Information Administration, well above
expectations. Distillate inventories soared by 5.4
million barrels, while gasoline stocks rose by 3.8
million barrels, both well above expectations.
Increased refinery activity drove this drop in crude
inventories. The report will put further downward
pressure on energy prices.
- International Trade (FT900)
- The nominal U.S. trade deficit in goods and
services narrowed by 1.0% in November. The U.S.
trade deficit came in at $58.2 billion, $0.6 billion less
than October's revised $58.8 billion, according to the
Bureau of Economic Analysis. In November, both
exports and imports increased, while exports
increased more than imports. The goods deficit with
China, however, narrowed 6.3% to $22.9 billion.
Crude oil prices decreased in November, which in
return decreased the nation's total import bill for
energy-related petroleum products to $20.2
- Wholesale Trade (MWTR)
- Wholesale inventories were well above
consensus expectations, coming in up 1.3% for
November. Wholesale sales were up 1.0%, and the
I/S ratio is at 1.2
- Consumer Credit (G19)
- Consumer credit increased in November by $12.3
billion to $2.39 trillion. The details of the report show
that the latest jump in consumer credit was primarily
driven by a surge in revolving credit, which increased
12.6% at an annual rate. Not to be outdone,
nonrevolving credit rose 3.0% at an annual rate.
- Global Business Confidence
- Businesses remain unsettled at the start of 2007.
Global business confidence has declined more or less
throughout the past year and is now consistent with
growth that is below the global economy’s potential.
Hiring and investment plans have weakened during
this period. Confidence is weakest among vehicle and
transportation companies, followed closely by
residential real estate firms. The most upbeat
respondents are from South America and in the
financial services and defense industries. Pricing
pressures are off sharply from their summer
- MBA Mortgage Applications Survey
- Mortgage demand increased 16.6% in the week
ending Jan 5. Purchase applications increased 16.2%
and refinance applications increased 17.3%.
- Chain Store Sales
- Chain store sales increased 0.7% in the week
ending January 6, according to the ICSC. Year-over-
year growth jumped to 3.4%, the strongest growth
since mid-October. Warm weather remained a drag
Source: Economy.com, Financial Times
|This Weeks Leads
- Reeds Jewelers, and Mills Jewelers
- Reeds Jewelers, Inc. trades Reeds Jewelers, and
- The 89-unit chain operates
locations throughout AL, DE, FL, GA, KY, LA, MD, MI,
MO, MS, NC, OK, PA, SC, TN, TX, VA and WV.
The jewelry stores occupy spaces of 1,500 sq.ft. to
5,000 sq.ft. in malls and lifestyle centers.
call for four openings throughout the existing markets
during the coming 18 months. Typical leases run 10
- Preferred cotenants include fashion
- For details, contact:
- Reeds Jewelers, Inc.,
- P.O. Box
- Wilmington, NC 28402;
- Fax 910-762-1999;
- Web site:
- Café Tu Tu Tango
- V Tango Group trades as Café Tu Tu Tango at six
locations throughout CA, FL and GA.
restaurants occupy spaces of 6,000 sq.ft. to 8,000
sq.ft. in entertainment centers.
opportunities are sought nationwide during the
coming 18 months.
- For more information, contact
- V Tango Group,
- 3059 Grand Avenue,
- Miami, FL 33133;
- Web site:
- Adidas Group trades as Reebok.
- The 300-unit
chain operates locations nationwide and
- The shoe stores occupy spaces
of 5,000 sq.ft. to 10,000 sq.ft. in freestanding
locations, malls and outlet centers.
opportunities are sought throughout the existing
market during the coming 18 months.
- For details,
- Douglas Noonan,
- Adidas Group,
- JW Foster Boulevard,
- Canton, MA
- Fax 781-401-4758.
|BONNEVILLE RESEARCH - People, Passion & Pride
Successful client work requires a superior team of
outstanding people working fluidly together.
Bonneville Research is committed to excellence.
We work to help clients achieve enduring results
and improve the communities in which we live.
Bonneville Research is a Utah-based consulting
firm providing economic, financial, market and policy
research to public and private sector clients
throughout the intermountain west.
Our services include:
- Financial Analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
Each of our studies is tailored to address the
unique needs of our clients and their communities.
If we can help, please call or email us at