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 …

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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.  

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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 …

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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 …

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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 …

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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 …

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