July 21, 2015 ULCT Economic Stop Lights all green for the first time in years
The economic indicators we look at are all green for the first time in many years.
Utah employment is growing almost 4% and average wages grew nearly 2% in the first quarter. Unemployment claims are down 10% and construction employment is up between 4% and 7% this year.
New construction is also improving, residential is up 9% in the last 3 months and commercial is up 70%.
Stimulating new car and truck sales is consumer sentiment, which was up to 96.1 in June. This is a long way from the low of 55 in 2009.
For the first 10 months of FY 2015, the 1% local sales tax was up 5.7% for all cities, 4.2% over the last quarter and up nearly 9% last month.
Compare the Stop Lights this month from those in 2009 for a big contrast.