Business briefs for Friday, Nov. 10
The Utah unemployment rate — the most heavily weighted component of the Zions Bank Small Business Index for Utah — was estimated at 2.8 percent in the
latest month, down from the prior month’s 3.2 percent rate. The current 2.8 percent rate, one of the lowest rates ever recorded in the state and the lowest in the continental U.S., compares to a jobless rate of 4.3 percent during the same month one year ago. A lower Utah unemployment rate is a negative contributor to the index as it implies decreased access to Utah labor.
Total Utah employment rose by an estimated 58,300 jobs over the past 12 months, one of the strongest annualized gains in more than 10 years, and the second strongest job growth rate in the nation. This rise compares to a revised gain of 55,100 jobs in the prior year-over-year period.
Utah resorts climb rankings in Skiing
Following two consecutive seasons of above-average snowfall and three years of record-breaking skier day numbers, it is no surprise that Utah resorts are appearing in greater numbers in the polls of the various ski and snowboard magazines.
Four of Utah’s resorts placed in Skiing magazine’s Top 25 resorts list: Alta/Snowbird (No. 2), Snowbasin (No. 10), Park City Mountain Resort (No. 11) and Solitude (No. 25) Utah ranked No. 1 for Skiing’s Secret Powder Stashes.
Ski Utah to throw season kick-off party
Ski Utah will hold its season kick-off party to get the local ski and snowboard community pumped for the coming winter season while promoting Salt Lake City as America’s biggest, most amazing ski town.
The free party will take place at the Gallivan Center in the heart of downtown Salt Lake City on Nov. 11 from 4 to 10 p.m. Utah SnowJam 2006 – Rockin’ the Powder is geared for powder hounds of all ages and will feature live music by the Metal Gods and music spun by DJ Knucklz. Other offerings will include the Ski Utah Photo of the Year contest, ski and snowboard videos, beer garden and food vendors, giveaways from all Utah resorts, local celebrity pro athlete poster signings, and a best ’80s ski outfit contest, where the winner will receive new gear and clothing from Rossignol, Burton and Eider.
Local celebrity athletes will be signing posters in the Powder Lounge. Participating athletes include Sage Cattabriga-Alosa, Joe Pack, Grete Eliassen, Heidi Voelker, Graham Watanabe, Nikki Stone, Josh Madsen, and many more. Partygoers are also encouraged to bring all their current and past season passes for a chance to win special prizes. Resorts will be giving away 2006-07 season passes.
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Councilor Glenn Wright estimated that the ability to provide renewable energy sources for county power will cost the average Summit County resident $0.70 per year above current costs.