Utah's Long-Term Growth

This article is a wonderful, optimistic end to a great week here at Davinci Suites! You can read the entire PR Wire article at Utah Business Articles' "Long-Term Growth" , but here is an excerpt...

Utah's long run economic performance has been stellar. No other state has consistently ranked among the top five in the rate of employment growth over the past 60 years. Whatever starting year one chooses Utah will rank among the top five states in employment growth. Take the 1950 to 2009 period. Over those 60 years nonfarm employment in Utah increased by 534 percent, ranking the state fifth among all states. The average annual growth rate over this period was 3.2 percent for Utah compared to 5.3 percent for Nevada, the fastest growing state, and 4.7 percent for Arizona. The phenomenal growth of Nevada and Arizona began with the postwar emergence of defense contracting, gambling and air conditioning. In 1950 Nevada's nonfarm labor force totaled only 53,000 compared to 187,000 in Utah and 160,000 in Arizona.

Have a safe and fantastic weekend!