Jun
27
Forecasts for Utah show majority of all economic indicators to improve in 2012

Utah's Economy- Forecasts for Utah show majority of all economic indicators to improve in 2012

The recently released economic forecast for Utah shows that all major economic indicators will improve in 2012 with the exception of nonresidential construction. Jobs will increase to 1,239,000, an increase of 30,000 and a near return to the pre-recession peak of 1,250,000. The unemployment rate will continue to decline and the beginning of the housing recovery will finally take hold in 2012.

The Revenue Assumption Committee forecast also shows accelerating growth in 2013 as nonresidential construction rebounds and non-farm employment increases by 37,100 new jobs…

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