SCORECARD
SCORECARD
Utah Economic Snapshot - First Six
Months
Utah Labor Market Indicators - Dec 2007
(Nov 07)
- Employment Growth: 3.2% (3.2%)
- Employment Increase: 44,800 (48,900)
- Unemployment Rate: 3.2% (2.8%)
Source:
Utah Dept of Workforce Services, 1/15/08
U.S. Labor Market Indicators - Dec 2007
(Nov 07)
- Employment Growth: 0.9% (1.0%)
- Unemployment Rate: 5.0% (4.7%)
Source: Utah Dept of Workforce Services, 1/15/08
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Where Are the New Jobs? - Dec
2007
- State Total (Market Share) 13,906 +3.6%
- Salt Lake County (48.3%) 9,431 +3.8%
- Utah County (14.9%) 9,431 +4.0%
- Davis County (8.1%) -390 +2.2%
- Weber County (7.6%) 706 +2.6%
- Washington County (4.2%) +398 -4.0%
- Cache County (4.0%) 507 +2.3%
- Summit County (1.9%) 4,806 +5.5%
- Box Elder County (1.7%) 54 +7.0%
- Iron County (1.4%) -9 -0.8%
- Tooele County (1.2%) -183 +4.5%
- Uintah County (1.1%) 91 +4.7%
Source: Utah Dept of Workforce Services,
1/15/08
What are our new Jobs? - Dec
2007
- State Total 1,356,500 +2.4%
- Specialty Trade Contractors 4,900 +7.2%
- Health Services and Social Assistance 4,200
+3.9%
- Accommodation and Food Services 3,400 +3.7%
- Food Services and Drinking Places 3,100 +4.1%
- Professional, Scientific, and Technical Services
2,800 +4.4%
- Other Local Government 2,300 +5.0%
- Ambulatory Health Care Services 2,000 +4.7%
- Heavy and Civil Engineering 2,000 +19.6%
- Finance and Insurance 1,500 +2.7%
- Architectural, Engineering & Related 1,300
+10.6%
- Administration & Support & Waste Mgm't &
Remediation 1,300 +1.7%
- Transportation & Warehousing 1,200 +2.5%
- Computer and Electronic Products 1,200 +9.3%
Source: Utah Dept of Workforce Services, 1/15/08
Where are we losing new jobs? - Dec
2007
- Business Support Services (-1,200) -7.0%
- Employment Services (-500) -1.8%
- Transportation and Equipment Manufacturing (-
300) -1.6%
Source: Utah Dept of Workforce Services, 1/15/08
Economic Snapshot - First Six Months (5
mos) (4 mos)
FY2008
Utah State Government
- Sales and Use Taxes (Gen Gov't)
-2.2% (+1.9%) (+1.2%)
- Individual Income Taxes (Education)
+7.7% (+5.6%) (+8.1%)
- Individual Income Tax Withholding (Education)
+8.6% (+7.4%) (+10.9%)
- Corporate Franchise Taxes (Gen Gov't)
-2.4% (-6.7%) (-11.7%)
- Motor Fuel Taxes (Transportation)
+1.9% (+1.6%) (+1.3%)
- Severance Taxes (Gen Gov't)
-6.1% (-2.4%) (-10.7%)
- Wine and Liquor Taxes (Education)
-11.0% (+11.5%) (-49.4%)
Source: Utah State Tax Commission, TC-23
1/15/07
Economic Snapshot - First Six Months (5
mos) (4 mos)
FY2008
Local Government
- Transient Room Tax +19.1% (+41.3%) (+1.2%)
- Tourism, Recreation, Cultural, Convention
+9.9% (+10.1%) (+23.2%)
- Municipal Telecommunications License
+17.3% (+21.6%) (+1.2%)
- Emergency Services Phone Charge +9.9%
(+12.3%) (+1.2%)
- Public Transit +37.8% (+40.2%) (+1.2%)
Source: Utah State Tax Commission, TC-23
1/15/07
The Ten Things Everyone Should Know
About Science Part VIII
- You may be able to quote Shakespeare, but
what are you like on Big Bang theory?
- The
Financial Times gives non-scientifically minded
readers a leg up the tree of knowledge.
Atoms and nuclear reactions
- The atom is the basic building block of chemistry.
- The name comes from the Greek atomos,
meaning indivisible, though an atom can be split into
even smaller particles. It has a nucleus made up of a
positively charged protons and electrically neutral
neutrons, surrounded by a cloud of negatively charged
electrons. (The fact that protons and neutrons are
made up of smaller subatomic particles, called
quarks, matters little in the real world.) The chemical
character of an atom depends above all on the
number of protons in its nucleus - its atomic number -
which defines it as a chemical element. The best-
known representation of the elements, arranged by
atomic number and denoted by a
one- or two-letter symbol, is the periodic table
originally drawn up by Dmitri Mendeleev in the 19th
century.
- Each element can exist as different isotopes,
depending on how many neutrons there are. The
nucleus can only remain stable up to a certain size. If
it is too big, or if the balance between protons and
neutrons is wrong, the atom will undergo radioactive
decay and split into smaller pieces.
- The simplest example is element number one,
hydrogen. It has two stable isotopes, in which the
nucleus contains either a proton on its own or a
proton and a neutron; the third isotope (tritium) is an
unstable and therefore radioactive combination of a
proton and two neutrons.
- Most elements up to number 83 (bismuth) have at
least one stable isotope.
Heavier elements such as uranium (92) and
plutonium (94) exist only in radioactive forms. Nuclear
reactions, which either join together light atoms
(fusion) or split heavy ones (fission), can release vast
amounts of energy - either suddenly, in nuclear
weapons, or more gradually, in power stations.
Why does it matter?
- Nuclear energy has not lived up to its initial
promise, half a century ago, when the first atomic
power stations were opening and enthusiasts had a
vision of nuclear-generated electricity ''too cheap to
meter''. But nuclear power is a key ingredient in the
world's energy balance - and, unfortunately, it seems
that nuclear weapons are here to stay.
What's next?
- All nuclear power currently depends on fission. But
the great hope is nuclear fusion, the subject of a
$10bn experiment, International Thermonuclear
Experimental Reactor (Iter), which is under
construction in France.
Fear factor: dry mouth
What's next? - Molecules and chemical
reactions
Source: The Financial Times, 2008
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Greetings!
Utah Economic Snapshot- First six
months.
- How are we doing with Jobs?
- Where
are the new jobs?
- What will be the impact on
municipal budgets?
- What will the Utah Ligislature
have to spend?
The Ten Things Everyone Should
Know About
Science, Pt VIII
Bob Springmeyer
Bonneville Research
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ECONOMIC NOTES: |
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- Global Business Confidence
- Business confidence is weak and fragile.
Sentiment in the U.S. is as dour as it has been in the
five years of the survey and consistent with a
contracting economy. Businesses elsewhere across
the globe, particularly in Asia, are more upbeat,
although measurably less so when compared to prior
to the subprime financial shock. Confidence is
weakest among real estate firms and financial
institutions, but it has declined considerably in recent
weeks among business service firms and even
heretofore more optimistic manufacturers. Pricing
pressures have risen with oil prices near $100 per
barrel, but remain very subdued compared to the
pressures that prevailed during previous oil price
spurts.
- Consumer Price Index
- The rate of overall CPI inflation decreased by a
slight amount in December, from 4.3% to 4.1% on a
year-ago basis. The annualized rate of CPI inflation
stayed level at 5.6%. Core inflation, however,
increased slightly from 2.3% to 2.4% on a year-ago
basis. While core inflation is again testing the upper-
bound of the Fed's comfort range, the high risk of
recession negates the need for anti-inflation policy
action.
- Treasury International Capital Flows
- Net long-term TIC flows fell to $90.0 billion in
November from $114 billion the prior month.
- California Manufacturing Survey
- The fourth quarter purchasing managers' index for
California indicated an expanding factory sector in the
state despite continuous housing woes and overall
economic weakness. Nevertheless, at 53.5, the index
represents a decreased rate of expansion from the
previous quarter.
- Industrial Production
- Industrial production was unchanged in
December following a 0.3% increase in November.
Output in manufacturing held steady, besting
expectations for a moderate decline. Mining and utility
output was little changed, although a marginal decline
in the latter was the first negative reading since
September. Capacity utilization slipped to 81.4% from
81.6%. Overall, a weak month for the industrial sector,
but not as bad as initially feared.
- PPI
- Producer prices for finished goods fell by a slight
0.1% in December, as prices for finished energy
products gave up some of their November gains. As a
result, topline PPI rose by 6.3% over 2007 as a whole.
Excluding food and energy products, core PPI rose by
0.2% in December, and 2.0% for the year. Inflation
remains much stronger at earlier stages of
processing where prices for core intermediate goods
rose by 4.6% on the year while prices for core crude
goods rose by 3.6%.
- Business Inventories (MTIS)
- Total business inventories increased by 0.4% in
November. Inventories at retailers were down 0.1%.
Total business sales were up 1.6%. The total I/S ratio
was down to 1.24, from 1.26 previously.
- NAHB Housing Market Index
- The NAHB Housing Market Index increased by only
one point in January, from a revised value of 18 in
December to 19 with the current release. Prospective
buyer traffic increased by one point from 13 to 14,
while six-month expectations increased by two points
from 26 in December. While the historical value of the
indices remains low, this is the second month in
which they have remained level and so one hopes that
the housing market has bottomed out.
- MBA Mortgage Applications Survey
- The composite market index increased by 28.4%
over the previous week. Growth in the purchase index
was lower but still strong at 11.4%. Refinance
applications jumped by 43.4%. The overall level of
applications has almost returned to its early
December value, although whether or not it will
stabilize is still an open question.
- Chain Store Sales
- Chain store sales were very soft in the week
ending January 12 according to the ICSC. Sales fell
0.9% and year-over-year growth fell to 1.1%, the
weakest growth since July 2003. Warm, wet weather
reportedly compounded economic problems to cause
the poor performance.
- Retail Sales (MARTS)
- Total retail sales fell 0.4% in December, reversing
a small portion of November's outsized 1.0% gain
(downwardly revised from 1.2%). Non-auto sales fell
at the same rate after an even bigger 1.7% gain in
November (originally 1.8%). Given seasonal
adjustment difficulties, the 0.7% growth in ex auto
sales over the two months does suggest continued
modest spending growth.
- Oil and Gas Inventories
- Crude oil inventories rose by 4.3 million barrels for
the week ending January 11 according to the Energy
Information Administration, exceeding expectations of
a 1.2 million barrel build. Distillate supplies rose by
1.1 million barrels, in line with expectations. Gasoline
inventories rose by 2.2, also in line with expectations.
Refinery operating capacity plummeted last week to
87.1% from 91.3%. This report is bearish.
Source: Economy.com 2008
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THIS WEEKS LEADS |
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- Chili's
- Brinker International trades as Chili's at 1,361
locations nationwide and internationally.
- The full-
service casual restaurants occupy spaces of 5,447
sq.ft. in freestanding locations.
- Growth
opportunities are sought nationwide during the
coming 18 months.
- Preferred sites include
regional centers with a minimum GLA of 250,000 sq.ft.
- Preferred cotenants include big box anchors,
Wal*Mart, Target, Lowe's Home Improvement, Home
Depot, Costco, Sam's Club and movie theaters.
- For more information, contact
- Shannon
White,
- Brinker International,
- 6820 LBJ
Freeway,
- Dallas, TX 75240;
- 972-980-9917,
- Fax 972-770-9467
- Web site:
www.brinker.com.
- On the Border
- Brinker International trades as On the Border at
158 locations nationwide.
- The Mexican restaurants occupy spaces of 6,032
sq.ft. in endcaps and freestanding locations.
- Growth opportunities are sought throughout the
existing market during the coming 18 months.
- Preferred sites include regional centers with a
minimum GLA of 450,000 sq.ft.
- Preferred
cotenants include big box anchors, Wal*Mart, Lowe's
Home Improvement, Target, Home Depot, Costco,
Sam's Club and movie theaters.
- For more information, contact
- Shannon
White,
- rinker International,
- 6820 LBJ Freeway,
- Dallas, TX 75240;
- 972-980-9917,
- Fax 972-
770-9467;
- Web site:
www.brinker.com.
- Norwalk - The Furniture Idea
- Norwalk Furniture Inc. trades as Norwalk - The
Furniture Idea at 60 locations nationwide and
throughout Canada.
- The stores, offering custom
furniture and upholstery along with home
accessories, occupy spaces of 4,500 sq.ft. in lifestyle,
specialty and strip centers as well as freestanding
locations.
- Growth opportunities are sought
throughout the existing markets during the coming 18
months.
- A land area of one acre is required for
freestanding locations.
- Typical leases run five
years.
- Specific improvements are required.
- Preferred demographics include a population of
150,000 within a five-mile radius earning an average
household income of $50,000.
- The company is
franchising.
- For more information, contact
- Mike
Turbeville,
- Norwalk Furniture Inc.,
- 100
Furniture Parkway,
- Norwalk, OH 44857;
- 888-
667-9255,
- Fax 419-744-3212;
- Email: [email protected];
- Web site:
www.norwalkfurnitureidea.com.
- Culvers Frozen Custard
- Culvers Frozen Custard operates 372 locations
throughout AZ, CO, IA, IL, IN, KS, KY, MI, MN, MO, ND,
NE, OH, SD, TX, WI and WY.
- The restaurants
occupy spaces of 3,800 sq.ft. to 4,800 sq.ft. in
freestanding locations.
- Growth opportunities are
sought throughout the existing markets, excluding AZ,
during the coming 18 months.
- The company
requires a land area of 50,000 sq.ft. and prefers to
build its own sites.
- For more information, contact
- Tom
Goldsmith,
- Culvers Frozen Custard,
- 540 Water
Street,
- Prairie Du Sac, WI 53578;
- 608-644-
2143,
- Fax 608-644-2163;
- Web
site: www.culvers.com.
- Grease Monkey
- Grease Monkey International trades as Grease
Monkey at 240 locations nationwide and in Mexico.
- The automotive service centers occupy spaces of
2,300 sq.ft. in freestanding locations.
- Plans call
for 20 openings throughout the existing markets
during the coming 18 months.
- Typical leases run
20 years.
- Major competitors include Jiffy Lube and
Valvoline.
- Preferred cotenants include grocery chains.
- A
land area of 0.5 acres to one acre is required.
- For more information, contact
- Mike
Brunetti,
- 7100 East Belleview Avenue, Suite 305,
- Greenwood Village, CO 80111;
- 303-308-1660,
- Fax 303-308-5906;
- Email: [email protected];
- Web site:
www.greasemonkeyintl.com.
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BONNEVILLE RESEARCH - Working with clients to deliver results that endure! |
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Successful client work requires a
superior team of
outstanding people working fluidly together.
Bonneville Research is the one firm with
the
experience and expertise to help
businesses,
governments and nonprofit organizations
solve their
toughest problems.
We work to help clients achieve enduring
results
and improve the communities in which we
live.
BONNEVILLE RESEARCH
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.
Helping Clients Succeed
Our services include:
- Financial Analysis
- Business License Studies
- Impact Fee analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
- Public Sector Mission
Effectiveness
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
- Bob
- 801-364-5300
- [email protected]
- Jon
- 801-746-5706
-
[email protected]
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