The document presents conflicting economic data from various sources on the state of the US economy. It shows data that indicates rising GDP, jobs, manufacturing and retail sales alongside data pointing to high unemployment, falling housing starts and declining economic indexes. The intent is to show that different economic indicators can suggest contradictory things, similar to blind men describing different parts of an elephant. It urges readers to consider long term trends rather than single monthly data points when evaluating the economy.
3. Economic analysis based on monthly
changes in data is misleading.
It’s
Flying!
It’s
hit a wall!
It’s going It’s
to crash! in
recovery!
It’s in a
recession! It’s
stagnating!
6. United States
Real Gross Domestic Product
13,500
13,400 Billions of Chained Dollars
13,300
13,200
13,100
13,000
12,900
12,800
12,700
12,600
7. Quarterly Change in U.S. Real Gross
Domestic Product
2.0%
1.5%
1.0%
0.5%
0.0%
-0.5%
-1.0%
-1.5%
Average Quarterly Change for the last 30 years—0.7 percent)
-2.0%
-2.5%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: U.S. Bureau of Economic Analysis.
10. United States
Seasonally Adjusted Nonfarm Jobs
140,000
138,000
Thousands of Jobs
136,000
134,000
132,000
130,000
128,000
11. United States
Year-Over Change in NonFarm
2%
Jobs
0%
-2%
-4%
-6%
Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan
2007 2008 2009 2010 2011 2012
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
12. U.S. Job Growth in Review
2.2
1.7 1.8
1.1 1.1 1.1
0.0
0.0
-0.6 -0.8
-1.1 Year-Over Change in Nonfarm Jobs
U.S. Percent Change in Nonfarm Jobs
30-year average is 1.2 percent.
-4.3
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: U.S.Department of Statistics.
Utah Bureau of Labor
Workforce Services.
15. United States
Seasonally Adjusted Unemployment Rates
11%
10%
9%
8%
7%
6%
5%
4%
Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan
2007 2008 2009 2010 2011 2012
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
16. The Number of Discouraged U.S. Workers has declined
along with the Unemployment Rate
120% 12%
Year-to-Year Change in
Discouraged Workers
100%
Year-to-Year Change in Discouraged Workers
Unemployment Rate 10%
Seasonally Adjusted Unemployment Rate
80%
60% 8%
40%
6%
20%
0% 4%
2006
2007
2008
2009
2010
2011
-20%
2%
-40%
-60% 0%
Source. U.S. Bureau of Labor Statistics.
19. United States Four-Week Moving Average
of Seasonally Adjusted Initial Claims
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
1/6/2007 1/6/2008 1/6/2009 1/6/2010 1/6/2011 1/6/2012
Source: U.S. Department of Labor
22. United States
Real Retail and Food Service Sales
185,000
180,000
175,000
170,000
$ Millions
165,000
160,000
155,000
150,000
145,000
140,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: Federal Reserve Bank of St. Louis.
23. United States
Light Truck and Car Sales
25
20
15
Millions
10
5
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: U.S. Bureau of Economic Analysis.
26. United States
Industrial Production Index
105
100
95
90
85
80
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: Board of Governors of the Federal Reserve System.
27. United States
New Factory Orders for Nondefense Capital Goods
80,000
70,000
60,000
50,000
$ Millions
40,000
30,000
20,000
10,000
0
2007 2008 2009 2010 2011 2012
Source: U.S. Census Bureau.
35. U.S. Year-Over Change in Nonfarm Jobs
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
1950 1952 1954 1956 1958 1960 1962 1964 1966 1968
Recessionary period as determined by the National Bureau of Economic Research.
Source: U.S. Bureau of Labor Statistics.
36. U.S. Year-Over Change in Nonfarm Jobs
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
1970 1972 1974 1976 1978 1980 1982 1984 1986 1988
Recessionary period as determined by the National Bureau of Economic Research.
Source: U.S. Bureau of Labor Statistics.
37. U.S. Year-Over Change in Nonfarm Jobs
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Recessionary period as determined by the National Bureau of Economic Research.
Source: U.S. Bureau of Labor Statistics.
38. My Not-So-Secret Formula
• Year-Over Percent Change in Nonfarm Jobs.
– “Year-over” change between one month and the same
month the previous year. (March 2010 employment
compared to March 2009 employment).
– Employment data is current and some of the best data
around.
– It’s easy.
– Available for small areas.
– Not what the Bureau of Labor publishes in their press
release—not seasonally adjusted.
39. Most Importantly. . .
• It works!
• Nationally, when year-
over growth rates trend
down and eventually
result in job loss, there
has always a recession
as defined by NBER.
41. Year-Over Change in Nonfarm
14%
Jobs
Washington County United States Utah
10%
6%
2%
-2%
-6%
-10%
Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan
2006 2007 2008 2009 2010 2011 2012
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
42. Washington County Year-Over Job Change
December 2011 (preliminary)
Mining 29
Construction 97
Manufacturing 261
Wholesale Trade 140
Retail Trade 212
Transportation 230
Utilities 8
Information 7
Financial Activities 32
Up 1,770 jobs total
Prof/Business Svcs 12
Education/Health/Social Svcs 73
Leisure/Hospitality 386
Other Services 111
Government 173
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
43. Percent Change in Nonfarm Jobs by Industry
December 2010-December 2011
Total 3%
4%
Mining 11%
24%
Construction 1%
3%
Manufacturing 3%
12%
Trade/Transportation/Utilities 3%
5%
Information 2%
1%
Financial Activities 2%
2% Utah
Prof/Business Svcs 5%
0% Washington
Ed/Health/Social Svcs 3%
1%
Leisure/Hospitality 3%
6%
Other Services 2%
6%
Government 2%
2%
Source: Utah Dept. of Workforce Services.
44. Washington County New Hires
16,000
14,000
12,000
10,000
8,000
6,000
New Hires
4,000
4-Qtr Moving
Average
2,000
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: U.S. Census Bureau; Local Employment Dynamics.
45. Washington County Industry
Employment Distribution Construction
Mining
7%
<1%
Manufacturing
5%
Government
Other Services 16%
3%
Leisure/ Trade/
Hospitality Transportation
Services /Utilities
14% 24%
Education/
Health/ Social
Services Information
Professional/
17%
Business Financial 2%
Services Activities
Source: Utah Department of Workforce Services.
8% 4%
46. Year-Over Change in Nonfarm Jobs
6%
Iron U.S. Utah
4%
2%
0%
-2%
-4%
-6%
-8%
-10%
Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan
2008 2009 2010 2011 2012
Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics.
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
47. Iron County Year-Over Job Change
December 2011 (preliminary)
Mining 8
Construction -130
Manufacturing 30
Wholesale Trade 71
Retail Trade -21
Transportation 10
Utilities 5
Information -18
Financial Activities 1
Up 128 jobs total
Prof/Business Svcs -116
Education/Health/Social Svcs -6
Leisure/Hospitality 193
Other Services 16
Government 85
Source: Utah Dept of Workforce Services.
48. Percent Change in Nonfarm Jobs by Industry
December 2010-December 2011
Total 3%
1%
Mining 11%
9%
Construction-20% 1%
Manufacturing 3%
30%
Trade/Transportation/Utilities 3%
2%
Information 2%
-14%
Financial Activities 2%
0%
Prof/Business Svcs 5%
-10%
Utah
Ed/Health/Social Svcs 3%
0%
3% Iron
Leisure/Hospitality 10%
Other Services 2%
5%
Government 2%
2%
Source: Utah Dept. of Workforce Services.
49. Iron County New Hires
5,000
4,500
4,000
3,500
3,000
2,500
2,000
New Hires
1,500
1,000 4-Qtr Moving
Average
500
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Utah Department of Workforce
Services.
50. Iron County Industry Employment
Distribution
Government Mining
Other Services
29% 1%
2%
Construction
5%
Leisure/
Hospitality
Services Manufacturing
12% 9%
Education/Health Trade/Transporta
/Social Services tion/Utilities
11% 18%
Professional/
Business Services Information
7% Financial 1%
Activities
Source: Utah Department of Workforce Services. 5%
51. Year-Over Change in Nonfarm
14%
Jobs
United States Utah Kane County
10%
6%
2%
-2%
-6%
-10%
Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan
2006 2007 2008 2009 2010 2011 2012
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
52. Kane County Year-Over Job Change
December 2011 (preliminary)
Mining 0 Up 40 jobs total
Construction -23
Manufacturing 0
Wholesale Trade -1
Retail Trade -39
Transportation 5
Utilities 0
Information 2
Financial Activities 10
Prof/Business Svcs 9
Education/Health/Social Svcs 27
Leisure/Hospitality 49
Other Services -8
Government 6
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
53. Percent Change in Nonfarm Jobs by Industry
December 2010-December 2011
Total 3%
2%
Mining 11%
0%
Construction -23% 1%
3% Utah Kane
Manufacturing 0%
Trade/Transportation/Utilities 3%
-8%
Information 2%
13%
Financial Activities 2%
10%
Prof/Business Svcs 5%
17%
Ed/Health/Social Svcs 3%
34%
Leisure/Hospitality 3%
8%
Other Services 2%
-2%
Government 2%
1%
Source: Utah Dept. of Workforce Services.
54. Kane County 2011 Industry Employment
Distribution
Mining Manufacturing Trade/
Construction
NA 3% Transportation/
3%
Utilities
14%
Information
Government NA
25%
Financial Activities
4%
Professional/
Business Services
2%
Other Services
15%
Leisure/
Hospitality Education/Health/
Services Social Services
30% 4%
Source: Utah Department of Workforce Services.
55. Kane County New Hires
1,200
New Hires 4-Qtr Moving Average
1,000
800
600
400
200
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: U.S. Census Bureau; Local Employment Dynamics.
56. Year-Over Change in Nonfarm Jobs
12%
10% Beaver U.S. Utah
8%
6%
4%
2%
0%
-2%
-4%
-6%
-8%
-10%
-12%
-14%
-16%
Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan
2008 2009 2010 2011 2012
Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics.
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
57. Year-Over Change in Nonfarm Jobs
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
-8% Beaver Total
-10%
-12% Beaver Without
-14% Construction
-16%
Jan May Sep Jan May Sep Jan May Sep Jan May Sep
2008 2009 2010 2011
Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics.
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
58. Beaver County Year-Over Job Change
December 2011 (preliminary)
Mining 27
Construction -67
Manufacturing 6
Wholesale Trade -2
Retail Trade 13
Transportation 7
Down 46 jobs total
Utilities -2
Information -1
Financial Activities -3
Prof/Business Svcs -1
Education/Health/Social Svcs 1
Leisure/Hospitality -4
Other Services 2
Government -22
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
59. Percent Change in Nonfarm Jobs by Industry
December 2010-December 2011
Total 3%
0%
Mining 11%
129%
Construction 1%
-46%
Manufacturing 3%
9%
Trade/Transportation/Utilities 3%
16%
Information 2%
-50%
Financial Activities 2%
-6%
Prof/Business Svcs 5%
-7%
Utah Beaver
Ed/Health/Social Svcs 3%
2%
Leisure/Hospitality 3%
-1%
Other Services 2%
6%
Government 2%
-3%
Source: Utah Dept. of Workforce Services.
60. Beaver 2011 Industrial Employment
Distribution
Covered
Agriculture
Government 19% Mining
28% 1%
Construction
6%
Manufacturing
Other Services
3%
1% Leisure and Trade/Transportati
Hospitality on/Utilities
15% 22%
Educational, Healt
h and Social
Services Information
2% <1%
Professional and
Financial Activities
Business Services
2%
1%
Source: Utah Dept. of Workforce Services.
61. Beaver County New Hires
600
500
400
300
200
100
New Hires 4-Qtr Moving Average
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: U.S. Census Bureau; Local Employment Dynamics.
62. Year-Over Change in Nonfarm Jobs
20%
16%
Garfield U.S. Utah
12%
8%
4%
0%
-4%
-8%
-12%
-16%
Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan
2008 2009 2010 2011 2012
Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics.
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
63. Garfield County Year-Over Job Change
December 2011 (preliminary)
Mining 0
Construction -60
Manufacturing 7
Wholesale Trade -3
Retail Trade 27
Transportation Down 183 jobs total 0
Utilities 0
Information -19
Financial Activities -6
Prof/Business Svcs -1
Education/Health/Social Svcs -46
Leisure/Hospitality -81
Other Services 3
Government -4
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
64. Percent Change in Nonfarm Jobs by Industry
December 2010-December 2011
Total 2.8%
-9.4%
Mining 11.3%
0.0%
Construction 0.5%
-57.7%
Manufacturing 3.2%
20.6%
Trade/Transportation/Utilities 2.8%
11.7%
Information 1.8%
-17.0%
Financial Activities 1.8%
-18.8%
Prof/Business Svcs 5.4%
-4.8%
Ed/Health/Social Svcs 3.3%
-17.5%
Leisure/Hospitality 2.8%
Utah -14.6%
Other Services 2.0%
Garfield 25.0%
Government 1.5%
-0.7%
Source: Utah Dept. of Workforce Services.
65. Garfield County Industry Employment
Distribution
Construction Trade/
3% Transportation/
Manufacturing
Mining Utilities
1%
NA 11%
Information
NA
Financial Activities
1%
Professional/
Government Business Services
28% 1%
Education/Health/
Social Services
23%
Other Services
1%
Leisure/Hospitality
Services
42%
Source: Utah Department of Workforce Services.
66. Garfield County New Hires
1,000
900
800
700
600
500
400
300
200
New Hires
100
4-Qtr Moving Average
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: U.S. Census Bureau; Local Employment Dynamics.
67. Seasonally Adjusted Unemployment Rates
11%
10%
9%
8%
7%
Utah
U.S.
6%
Kane
5% Washington
Iron
4%
Jan May Sep Jan May Sep Jan May Sep Jan
2009 2010 2011 2012
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
68. Seasonally Adjusted Unemployment Rates
13%
12% Utah U.S. Beaver Garfield
11%
10%
9%
8%
7%
6%
5%
4%
Jan May Sep Jan May Sep Jan May Sep Jan
2009 2010 2011 2012
Source: Utah Dept. of Workforce Services; U.S. Bureau of Labor Statistics.
74. Year-over Change in MSA Area
Housing Price Index (HPI)
50%
St. George
40%
Salt Lake
30%
Las Vegas
20%
Percent Change
10%
0%
-10%
-20%
-30%
-40%
2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Office of Federal Housing Enterprise Oversight, http://www.ofheo.gov/hpi.aspx.
75. St. George MSA Housing Price Index
250
200
150
100
50
0
Source: Office of Federal Housing Enterprise Oversight, http://www.ofheo.gov/hpi.aspx.
Source: Office of Federal Housing Enterprise Oversight, http://www.ofheo.gov/hpi.aspx.
76. Housing Affordability Continues to
Improve
90
Housing Opportunity Index—% of homes which are
80
affordable to families with the median income.
70
60 U.S.
Washington County
50
40
30
20
10
0
1st 3rd 1st 3rd 1st 3rd 1st 3rd 1st 3rd 1st 3rd 1st
Qtr Qtr Qtr Qtr Qtr Qtr Qtr
2006 2007 2008 2009 2010 2011 2012
Source: National Association of Homebuilders; Wells Fargo Bank.
77. “Serious” Foreclosure Rates June 2011
Salt Lake City MSA 4.4% 3.6% 8.0%
Provo-Orem MSA 3.8% 3.1% 6.9%
Ogden-Clearfield MSA 3.7% 3.0% 6.7%
Foreclosure Rate
Logan MSA 2.1%1.7% 3.8%
90+ Days Deliquency Rate
St. George MSA 4.8% 3.8% 8.6%
Las Vegas/Henderson MSA 12.0% 8.2% 20.2%
Source:: Analysis of LPS applied Analytics data by Local Initiative Support Corporation.
78. June 2010-June 2011 Percentage Point
Change in “Serious” Foreclosure Rates
Salt Lake City MSA -0.4
Provo-Orem MSA -1.3
Ogden-Clearfield MSA -0.4
Logan MSA -0.5
St. George MSA -3.0
Las Vegas/Henderson MSA -4.1
Source:: Analysis of LPS applied Analytics data by Local Initiative Support Corporation.
79. Washington County Dwelling Unit Permits
3,7943,860
2009—lowest number since 1989. . .
2,697 2,678
2,256
2,114
2,019 1,995
1,929 1,888
1,687 1,740
1,514 1,519
1,266 1,267
980
870 846
682 605
91
92
19 3
94
95
96
97
19 8
99
00
01
02
03
04
05
06
20 7
20 8
09
10
11
9
9
0
0
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
* Source: U of U; Utah Bureau of Economic and Business Research.
80. Annual Change in Washington County
New Dwelling Unit Permits
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011
*January-October 2011.
Source: University of Utah Bureau of Economic and Business Research.
81. 2011 Washington County New Dwelling Units by Community
Enterprise 2
Hurricane 109
Ivins 73
LaVerkin 5
Leeds 1
Santa Clara 22
Springdale 0
St. George 364
Virgin 0
Washington City 251
Other 19
Source: Utah Bureau of Business and Economic Research.
82. 2011 Washington County Change in Permitted New Dwelling
Units by Community
Enterprise -2
Hurricane 37
Ivins 24
LaVerkin -2
Leeds 0
Santa Clara -8
Springdale -5
St. George 97
Virgin 0
Washington City -158
Other -8
Source: Utah Bureau of Business and Economic Research.
83. Washington County Dwelling Unit Permits
5,000 Home Permits
4,000 Homes Sold
Difference
3,000
2,000
1,000
0
-1,000
-2,000
-3,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
* Source: U of U; Utah Bureau of Economic and Business Research; Utah Association of Realtors.
84. Washington County New
Nonresidential
Building Permit Valuation
$176.9
Millions of $
$143.4
$118.2 $119.2
$109.6 $107.5
$84.8
$75.2 $69.4
$68.9
$51.7 $46.8
$44.3 $43.6
$37.4 $39.6 $35.7
$32.0 $30.7
$16.1
1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Source: Utah Bureau of Business and Economic Research.
85. Washington County 2011
Permit Values by Building Type
Single-family Homes $141,744
Condominiums $10,662
Manufactured / Mobile Homes $441
Residential Garages/Carports $1,683
Amusement & Recreation Bldgs $1,342
Churches & other Religious Bldgs $2,534
Industrial/Warehouse/Manufacturing Bldgs $2,255
Service Station/Repair Garages $850
Hospital & Institutional Bldgs $8,883
Office, Bank, Professional Bldgs $3,191
Public Utility Bldgs. (private) $316
School & Educational Bldgs. (private) $26,058
Retail, Mercantile, Restaurant $8,544
Agricultural Bldg. & Sheds $283
Other Nonresidential Bldgs $3,840
Structures other than Bldgs $8,849
Public Buildings & Projects $724
Additions and Alterations to Residential Bldgs $5,701
(Numbers in 000s)
Additions and Alterations to other Bldgs $16,815
Source: Utah Bureau of Business and Economic Research.
86. Iron County Dwelling Unit Permits
941
864
773
656
591
557
474
417 432
309 307 315
276
197
140 119
63
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Utah Bureau of Business and Economic Research.
87. Annual Change in Iron County
New Dwelling Unit Permits
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%
1995 1997 1999 2001 2003 2005 2007 2009 2011
*January-October 2011.
Source: University of Utah Bureau of Economic and Business Research.
88. 2011 Iron New Dwelling Units by Community
Cedar City 34
Enoch 3
Paragonah 0
Parowan 1
Other 25
Source: Utah Bureau of Business and Economic Research.
89. 2011 Iron County Change in Permitted New Dwelling Units
by Community
Cedar City -12
Enoch -28
Paragonah 0
Parowan -1
Other -15
Source: Utah Bureau of Business and Economic Research.
90. Iron County New Nonresidential
Building Permit Valuation
$32.9 $33.1
Millions of $
$28.5
$27.3
$25.3
$24.0
$23.3
$19.8 $20.0
$17.4
$16.8
$13.3
$14.5
$13.2
$5.0 $4.4
$3.2
1995 1997 1999 2001 2003 2005 2007 2009 2011
Source: Utah Bureau of Business and Economic Research.
91. Iron County 2011
Permit Values by Building Type
Single-family Homes $9,823
Duplexes and Twin Homes $624
Manufactured / Mobile Homes $62
Residential Garages/Carports $405
Industrial/Warehouse/Manufacturing Bldgs $145
Public Utility Bldgs. (private) $20
Retail, Mercantile, Restaurant $40
Agricultural Bldg. & Sheds $247
(Numbers in 000s)
Other Nonresidential Bldgs $1,408
Structures other than Bldgs $509
Public Buildings & Projects $442
Additions and Alterations to Residential Bldgs $1,171
Additions and Alterations to other Bldgs $4,932
Source: Utah Bureau of Business and Economic Research.
92. Kane County Dwelling Unit Permits
332
300
151
131 135 132 135
121 125 128 127 122
104
56 60 62
38
20
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
* Source: U of U; Utah Bureau of Economic and Business Research.
93. Annual Change in Kane County
New Dwelling Unit Permits
500%
400%
300%
200%
100%
0%
-100%
1995 1997 1999 2001 2003 2005 2007 2009 2011
*January-October 2011.
Source: University of Utah Bureau of Economic and Business Research.
94. Kane County New Nonresidential
Building Permit Valuation
$27.0
Millions of $
$13.9
$5.1 $4.8
$4.1
$1.8 $3.2 $2.8 $2.6
$1.8 $1.9
$1.4 $0.8 $1.4 $1.7 $1.1 $1.3
$0.4
1994 1997 2000 2003 2006 2009
Source: Utah Bureau of Business and Economic Research.
95. Kane County 2011
Permit Values by Building Type
Single-family Homes $9,823
Duplexes and Twin Homes $624
Manufactured / Mobile Homes $62
Residential Garages/Carports $405
Industrial/Warehouse/Manufacturing Bldgs $145
(Numbers in 000s)
Public Utility Bldgs. (private) $20
Retail, Mercantile, Restaurant $40
Agricultural Bldg. & Sheds $247
Other Nonresidential Bldgs $1,408
Structures other than Bldgs $509
Public Buildings & Projects $442
Additions and Alterations to Residential Bldgs $1,171
Additions and Alterations to other Bldgs $4,932
Source: Utah Bureau of Business and Economic Research.
96. Beaver County Dwelling Unit Permits
74
67 68
65
59 58
54
41 40
38
36
32
27
25
22
19 18
10
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
* Source: U of U; Utah Bureau of Economic and Business Research.
97. Annual Change in Beaver County
New Dwelling Unit Permits
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
1995 1997 1999 2001 2003 2005 2007 2009 2011
*January-October 2011.
Source: University of Utah Bureau of Economic and Business Research.
98. Beaver County New Nonresidential
Building Permit Valuation
$27,656.5
Thousands of $
$15,910.8
$14,034.9
$10,547.5
$8,375.1 $7,913.3
$4,960.3
$3,645.8 $3,198.9 $3,029.3 $3,430.5 $3,488.5
$3,061.0 $3,157.1
$2,046.1 $1,805.1
$1,286.0
$769.9
1994 1997 2000 2003 2006 2009
Source: Utah Bureau of Business and Economic Research.
99. Beaver County 2011
Permit Values by Building Type
Single-family Homes $1,906
Residential Garages/Carports $314
Retail, Mercantile, Restaurant $23
Agricultural Bldg & Sheds $32
(Numbers in 000s)
Other Nonresidential Bldgs $506
Structures other than Bldgs $17
Public Buildings & Projects $9,656
Additions and Alterations to Residential Bldgs $288
Additions and Alterations to other Bldgs. $16
Source: Utah Bureau of Business and Economic Research.
100. Garfield County Dwelling Unit Permits
139
89
86
76
69 68
58 61 59
53 55 55 54
50 49
33 32
22
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
* Source: U of U; Utah Bureau of Economic and Business Research.
101. Annual Change in Garfield County
New Dwelling Unit Permits
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%
1995 1997 1999 2001 2003 2005 2007 2009 2011
*January-October 2011.
Source: University of Utah Bureau of Economic and Business Research.
102. Garfield County New Nonresidential
Building Permit Valuation
$14,731.0
Thousands of $
$9,554.9
$7,797.5
$6,025.0
$4,291.0
$4,160.8
$2,631.6 $3,130.0
$2,703.3 $2,543.9 $2,196.0 $2,325.7
$1,557.9 $1,689.6
$1,903.8 $1,902.2 $1,805.1
$541.8
$574.0
1991 1996 1999 2002 2005 2008 2011
Source: Utah Bureau of Business and Economic Research.
103. Garfield County 2011
Permit Values by Building Type
Single-family Homes $2,991
Cabins $809
Manufactured / Mobile Homes $310
Residential Garages/Carports $541
Office, Bank, Professional Bldgs $4,870
Other Nonresidential Bldgs $79
Structures other than Bldgs $63
Public Buildings & Projects $472
Additions and Alterations to Residential Bldgs $846 (Numbers in 000s)
Additions and Alterations to other Bldgs $299
Source: Utah Bureau of Business and Economic Research.
105. The American Community Survey provides vast variety of
demographic/economic information is available on the local
level. It replaces the long-form from the Census.
Funding for this vital program is in jeopardy.
106. 2006-2010
Age Distribution
6% Kane County
Under 5 years 10%
7%
5% Utah
5 to 9 years 9%
7% United States
10 to 14 years 7%
7% 8%
15 to 19 years 6%
7% 8%
20 to 24 years 6% 9%
7%
25 to 34 years 9% 16%
13%
35 to 44 years 10% 12% 14%
45 to 54 years 11% 15%
15%
55 to 59 years 5% 11%
6%
60 to 64 years 4% 7%
5%
65 to 74 years 5% 11%
7%
75 to 84 years 3% 6%
4%
85 years and over 1%
1%2%
Source: U.S. Census Bureau; American
Community Survey.
107. 2006-2010 Educational Attainment
Kane County
89.5% 90.6%
85.0%
Utah
United States
29.4% 27.9%
23.7%
Percent high school graduate or higher Percent bachelor's degree or higher
Source: U.S. Census Bureau; American Community Survey.
108. Local Employment
Dynamics
• Geographic Flexibility
• Worker Profile
– Age
– Education
– Gender
– Race/Ethnicity
– Wages
– Industry
• Worker Flows
• Mapping
109. Workers Working in LaVerkin
Age
Age 55 or Age 29 or
older younger
21% 23%
Earnings per Month
More
than
$3,333
27% $1,250
Age 30 to
or less
54
27%
56%
$1,251
to
$3,333
46%
110.
111.
112. data prove
economy improving;
should
continue.
113. Lecia Parks (435) 688-3115
Langston
lecialangston@utah.gov
jobs.utah.gov
Click on “Labor Market Information”
economyutah.blogspot.com
Notas do Editor
This template can be used as a starter file for a photo album.
This template can be used as a starter file for a photo album.