UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Unemployment Rate for UTAH

Posted by UtahCribs, Real Estate, Homes on April 3, 2009

As many of you know the unemployment rates came out this morning. The big news for the day is on a national level we are at 8.5% unemployment. It is still yet to be seen the effect this is going to have on the market rally we have been experiencing the last several days. The dow currently is down 70 points..

The debate is on between the economists. The rally that we have been experiencing, is it a false sense of reality. With the increase of unemployment, and inflation how can we have a market rally? One of my favorite blogs to read has a great article about the current situation.

The positive, Utah’s unemployment is staying consistent at 5.1%. So we are behind the national average. We continue to have one of the best rates in the country. This means our economy on a local level is staying strong. I would interpret these number to indicate we are going to ride the storm a little easier than some of the states?

If you are intersted in reading more info check out..

http://www.doctorhousingbubble.com/

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