You all want to know what has changed since 2008. Nothing. No change even
after going on 6 years of Obama. Utah is hardly on the Presidents radar as a
place he wants to grow. Clearly it is Utahans doing better by their own hard
work. Not surprising for Utah.
@JoeCapitalist2"It is good to see Utah is bucking the trend of the
rest of the country when it comes to unemployment."Actually Utah
has been basically the same trendwise as the nation for a decade (always around
2.5% lower than national average).
The irony is that according to the right..gold would b at $3,000.00 an ounce and
the economy in shambles unless the country when tea party on government
spending. By the way, when is the much hyped train wreck cause by ACA?
The main reasons Utah has a high employment rate and larger workforce are: •A younger population, meaning fewer part-timers and retirees.•A small population, meaning there is less competition for
jobs.•Jobs that were significantly recession proof, often in
the service sector.These positives are offset by Utah being a
low-wage state. Like all Americans, Utahans benefitted from the
Recovery Act, the ACA, extended unemployment, increased food aid and other
federal programs that helped us through the Great Recession of 2007. (Before
President Obama took office, by the way.)
One VOTE..of the 50 states and D.C. Democratic controlled states have 7 out of
10 states with the highest unemployment rate. Democrats can't run even run
their own states and shouldn't run the country either.
"I teach economics. I did an informal poll of my class the other day. 85%
rated Utah's economy "mediocre." So things aren't as rosy as
portrayed. We are doing well compared to may other states however."Or perhaps polls on how people "feel" are lousy indicators of actual
economic activity. Good grief, we have people doing better than 98% of the rest
of the world, and they feel like things are rough. Perhaps what is really
happening is we are in the middle of yet another pride cycle where what people
think they deserve is out of what with reality.As to quoting a
single data point like a U-6 number..... completely pointless and out of
context unless you site other data points. How in the world is anyone
supposed to know if that is a bad or good number. Just as "full
employment" is never full employment, under employed is a relative state.
The 3.6 number is a relative number to the other samplings done
using the same methodology. Like wise the oft misused u-6 number. It is only a
sampling used to measure changes in activity. It is not an actual number.
It is good to see Utah is bucking the trend of the rest of the country when it
comes to unemployment. I don't know just how good things are here without
numbers about the quality of those jobs. Wages have been stagnant and lots of
jobs are just part time. It is still good to see improvement.I
really can't point to anything Obama has done to help the economy here or
in any other state. Even though I think he is not a good president, I am willing
to give him praise when he does something right. I am struggling to find
anything related to the economy he is doing that actually helps it.The economy in North Dakota is booming right now. Given his policies regarding
energy production, it would be really tough to say, "wow, the state is
booming...Obama must be doing something right". It is doing well in spite of
his interference, not because his policies are helping. I think the same goes
@I Love Lamp"Hmm. I wonder what changed in 2008."A financial crash related to securitized, overvalued sub-prime mortgages that
caused a liquidity trap for consumers and businesses which had up to that point
relied primarily on highly leveraged, debt-fueled consumption rather than
sustainable and marginal growth... oh, this is DN... sorry, it's
Obama's fault our economy went stagnant and millions are out of a job. His
inability to implement socialist policies are causing the very problems his
lousy socialist policies would cause were they to be implemented. Woohoo for
baseless insinuations that stroke our fragile and uninformed psyches!
Re: RichardB "Our U-6 numbers, those out of work, or working part time,
looking for full time work, is still 9.2%."I teach economics. I
did an informal poll of my class the other day. 85% rated Utah's economy
"mediocre." So things aren't as rosy as portrayed. We are doing
well compared to may other states however.
Looks like a robust federal economy has helped Utah's out. I wonder what
has changed sine 2008?
It isn't addressed in the article, but I would like to know what the
average wage being earned is today as compared to 2008 or 2007. It isn't
just about having a job, but about the quality of the job and the quality of the
@ one vote...lol I was thinking the same thing. But then again the
sarcasm implies that it makes sense to say it's Obama's praise for the
economy changing. That may or may not be true, but if it is, then he's got
to own the whole country, not just Utah. The whole country looks shaky. Even
his home base Illinois's is in terrible shape. Underwhelming
is what he's been in my book. I wish I could say otherwise, but I
can't. He just hasn't lived up to my expectations. The economy as a
whole seems stuck in a permanent rut and millions have dropped out of the work
force permanently. Time will tell though... Time will tell. I hope we can all
pull out of it like Utah appears to be doing. 8-10% unemployment is just a huge
drain on our whole society.
Our U-6 numbers, those out of work, or working part time, looking for full time
work, is still 9.2%.
Hmm. I wonder what changed in 2008.
@one voteIt's ironic hearing from an Obama supporter
considering that Utah is where it is by doing pretty much exactly the opposite
of what Obama wants.
Obama's fault as usual.