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| Utah's Daily Business Resource | Brought to you by Utah Pulse | Monday, August 5, 2019 Today At Utah PulseZions economic outlook: July job gains solid, but trade war weighs heavyThe U.S. labor market added a respectable 164,000 jobs in July. This was roughly in line with consensus estimates and shows that employers are still willing to hire despite growing uncertainty in the economy. The official unemployment rate remained near historical lows at 3.7 percent and the broader measure of underemployment declined to the lowest level since 2000 of 7.0 percent. The low levels of unemployment and underemployment came even as more individuals entered the labor force in search of a job. The labor force participation rate, which measures those working or looking for work, rose from 62.9 percent to 63.0 percent marking the second consecutive month of gains. Annual wage growth, which was expected to register at 3.1 percent, rose to 3.2 percentWhere do Utahns get their news? Mostly from on-line sources Most Utahns are now getting their news from online content, a UtahPolicy.com/Y2 Analytics survey finds.The newest Utah Political Trends poll asked about 2,400 registered voters where they learn about current events.And their answers should worry any traditional news source that is not making great efforts to get its news product online, and attract online readers.Ambassador to China praises Utah's efforts on trade relations While participating in the National Governors Association Summer Meeting held in Salt Lake City, U.S. ambassador to China Terry Branstad met with WTC Utah as well as local business leaders and legislators with strong ties to China. The luncheon provided a forum for the group to discuss the importance of engaging with China on a state level despite international trade disputes.Press release: American Dreams Ideas Challenge seeks innovative policy ideas The University of Utah, in partnership with Schmidt Futures, a philanthropic initiative founded by Eric and Wendy Schmidt, is sponsoring the American Dream Ideas Challenge. The challenge calls for innovative policy ideas or investable concepts that have the potential to increase net income for 10,000 middle-class households in Utah by 10 percent by 2022.Layton Hills Mall has selected its 5th Annual KIDZ BIZ participants Layton Hills Mall has selected over 35 businesses and 90 youth participants to take part in the 5th Annual KIDZ BIZ event.Workfront recognized as a Visionary in the Gartner 2019 Magic Quadrant for Project and Portfolio Management Workfront announced that the company has been positioned by Gartner, Inc. in the Visionaries Quadrant of the Gartner Inc., 2019 Magic Quadrant for Project and Portfolio Management, Worldwide.The Hanover Insurance Group to leverage Loveland Innovations' drones, technology to enhance claims service Loveland Innovations announced it will provide The Hanover Insurance Group with drone and technology capabilities, helping the company provide more effective and efficient claims service to its partners and customers. Local HeadlinesFamily of entrepreneurs looks to pioneer vertical farming in Utah (Deseret News) Fed rate cut could provide economic boost, economist says (Deseret News) Rep. Stewart, Utah tech leaders discuss privacy issues, small businesses at policy panel in Farmington (Standard-Examiner)National HeadlinesHuawei's Phone Sales in China Get Patriotic Boost (Wall Street Journal) Car Buyers May Not Prefer Electric Vehicles But They Prefer The Tesla Model 3 (Forbes) Fiat Chrysler's Growth Hinges On Jeep Expansion (Wall Street Journal) Sorry, you're not getting $125 from the Equifax settlement, FTC says (MarketWatch) Donald Trump's crazy tariffs have outfoxed the Federal Reserve (The Times) What the Fed's interest rate cut means for the U.S. economy (The Week) Trump reportedly overruled advisors in decision to slap tariffs on remaining Chinese imports (CNBC) Uber and Lyft's losses will look even more stark against Disney's 'Endgame' earnings windfall (MarketWatch) Fox Corp to take over lender Credible Labs for $397 million (Reuters) John Flint to step down as HSBC chief executive (Financial Times) Walmart Doesn't Intend to Limit Gun, Ammo Sales After Shooting (Bloomberg)Subscribers may receive special messages with information about new features, special offers, or public policy messages from clients and advertisers. |
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