Category Archive For "Economy"
Summit County Unemployment Rate Stays Steady in August
The Utah Department of Workforce has released unemployment numbers for August 2015. Our seasonally adjusted non-farm unemployment rate is holding steady at about 3.2% (same as August). We continue to have the second lowest unemployment rate in the state, with only Cache county having a lower rate at 3.0%. Non seasonally adjusted data from jobs.utah.gov …
Would a Brewery Start the Boyer Tech Park on the Road to Success?
Headphones, skiing, and a developer. What do they have in common? A brewery. As you may know, the Boyer Technology Park (across from Redstone on 224) is a controversial topic. It started out as a pretty good idea; bring high paying technology jobs to Park City. Yet, it has failed to deliver on that promise. …
Danger Park City Main Street…Danger
Reuters is reporting that the 2015 holiday season could be the weakest since the recession started in 2009: The truth is that you never know. A healthy dose of El Nino snow could change everything, but as of right now, the default forecast doesn’t look good for the holidays.
Summit County Employment Remains Strong
The Utah Department of Workforce services released July unemployment rates last week. Summit County has the second lowest unemployment rate in Utah, with 3.2% of the population unemployed. That translates into 740 people unemployed (seasonally adjusted). The only county in Utah doing better is Cache county. The following list shows all counties in Utah. Currently Wayne …
How Does the Stock Market Relate to The Success of the School Bond?
I had a couple of questions from readers on why I believe the stock market relates to the likelihood the Park City school bond will pass. Here is why I think it may be one of the biggest factors in this year’s election: Yesterday the stock market (i.e., the S&P 500) lost about 2% of …
If The School Board Really Wants Their $56 MM Bond to Pass …
If The School Board Really Wants Their $56 MM Bond to Pass… They Better Hope This Thing Turns Around in the Next Couple of Months. Oh and we can’t forget this…
What’s Wrong With Park City’s Hotel Occupancy Rates?
I was reading tomorrow’s Park Record (I love the fact that the online version shows up the night before) and it was educating people on taking buses to the 4th of July parade. Toward the end of the article, hotel occupancy was discussed. It said: Occupancy rate is the percentage of hotel rooms rented each …
Beware the Economy
I usually like to stick to local topics but I think this “global” topic is important. Things appear to have pretty much recovered from the 2008 economic downturn. Sundance Festival revenues are back up. Park City tax dollars are at all time highs. We now have the largest ski area in North America. What we …
Summit County Unemployment Rate Back Down to 3%
Summit County’s unemployment rate has been dropping since December 2009. During the height of the recession, our unemployment rate crested at 8.9% but has fallen to just 3%. This is the third lowest rate of any county in the state (Morgan and Cache are at 2.9%) and 2.5% lower than the national average of 5.5%. We still …
University of Michigan to House “M City” a 23 acre Mini-Metropolis to Test Driverless Cars
By now you are probably familiar with our LUST for the driverless car and the impact we feel it could have on both transportation and economic diversity in the Park City area. While it’s something we wish we would do here, it looks like Ann Arbor, Michigan is taking the first step. This summer a …
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