National Financial Trends and Their Effects on Southern Utah. Alan Hamlin, Ph.D. Chair, Dept. of Management Southern Utah University. Current Macro-Economic Trends. Declining GDP: Factory orders down 4 th straight month in Nov 08 (US Commerce Dept.)
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Alan Hamlin, Ph.D.
Chair, Dept. of Management
Southern Utah University
-19,000 jobs w/b lost in 2009 (DWS 1/7/2008)
- Heavy losses in const. & mfg.
-Sales tax down 11% yr. over yr. (12/15 SL Tribune)
-Residential bldg. permit valuation down over 61%
-Projected unemployment rate for 2009= 5% (DWS)
-Retail sales tax down 12%- SG budget cut 15%
-Residential building permits down from 982 in 2005
to 156 in 2008, $183M to $24M.