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
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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:
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?