Unemployment in Utah dipped to 4.7 percent last month, the state’s lowest rate since November 2008. Utah also added more jobs, prompting Governor Gary Herbert to declare the recession over in the state.
Utah’s job growth in April was 3.5 percent, more than double the national average. Over one year, 43,000 jobs have been added. Juliette Tennert is Chief Economist in the Governor’s Office of Management and Budget.
The maker of a small, energy efficient computer is promising to hire 500 people in Utah over the next 5 years in exchange for $2 million worth of state tax rebate incentives. Xi3 (X-I-3) Corporation has offices around the world, but is headquartered in Salt Lake City… and Utah’s government leaders want to keep it that way.
David Politis is Chief Marketing officer for Xi3 corporation. His office is on the 12th floor of the Wells Fargo building in downtown Salt Lake City, and the view is expansive. Politis looks down at the birds.