Posted on 18 November 2008

How is the Economy and Recession Affecting *YOU*?

Utah’s economy continues to outpace the United States, though we’re losing ground on key economic indicators, we’re losing that ground more slowly than the nation as a whole and many states around the country.

September 2008 Unemployment Rate Utah VS. USA
Click for latest employment situation report
Utah: 3.5% U.S.: 6.1%
Year-Over Nonfarm Growth
Utah: 0.1% U.S.: -0.4%

With economists and pundits expecting the worst Christmas shopping season in a generation.  Like Alisa Roth with Marketplace says it, “It’s hard to believe. But it looks like Americans may have quit shopping. Retail sales fell nearly 3 percent in October. And that’s the biggest drop since the Commerce Department started keeping track back in 1992.”

Things aren’t getting nicer, either:

Jerry Yang at Yahoo! calls it quits, meanwhile Republicans appear to be pushing Detroit off the cliff they’re facing.

How is the economy and recession (which Jeff Thredgold estimates began nearly a year ago) affecting YOU, personally?

What have you changed about your lifestyle? No-longer online window shopping? Stricter budgeting? Only perusing certain aisles at the grocery store? Job change? Changes in retirement goals?

PLEASE LEAVE YOUR COMMENTS. What’s happening out there?

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