public and private perspectives

The SummitDecember 5, 2014

By Natalie Gochnour

Without government the life of man becomes solitary, poor,

nasty, brutish and short.– Thomas Hobbes

The object of government is the welfare of the people

– Theodore Roosevelt

Government is a trust, and the officers of the government are the

trustees; and both the trust and the trustees are created for the benefit

of the people.

– Henry Clay

Labor Market IndicatorsSeptember 2014

Unemployment rateUtah 3.5%U.S. 5.9%

Utah unemployment 50,600

Job Growth Rate (year-over)Utah 3.7%U.S. 2.0%

Utah job growth 47,600

Source: Utah Department of Workforce Services

Source: New York Daily News

0.1%

-5.1%

-0.6%

2.3%

3.3% 3.3%3.0%

3.5%

-0.6%

-4.3%

-0.7%

1.2%1.7% 1.7% 1.8% 1.9%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

2008 2009 2010 2011 2012 2013 2014e

Utah U.S.

Source: Utah Department of Workforce Services, U.S. Bureau of Labor Statistics. Forecasts DESB

Source: Bureau of Labor Statistics

August 2012 – August 2013

0.00% 1.00% 2.00% 3.00% 4.00% 5.00%

Nevada

Texas

Utah

North Dakota

3.49%

3.52%

3.53%

4.40%

U.S. average = 2.0%

Source: Utah Department of Workforce Services

Source: Haaretz.com

Source: The Economist

AGRICULTURALREVOLUTION

INDUSTRIALREVOLUTION

8,000

LIGHTBULB

120

MOONLANDING

90

WORLDWIDEWEB

MAPPINGHUMANGENOME

22 9

Source: http://humanswlord.wordpress.com/2014/01/14/brainfood-moores-law-explained/ and Time Magazine

Unveiling of Pope Benedict XVI

Unveiling of Pope Francis

Source: Sprott Money

The Distribution of Money IncomeAmong Households

Source: US Bureau of the Census [2011a]Note: These figures do not include the value of in-kind transfers.

Reams Store: 2783 South State

Income Share by Income Group

Mean Income by Income Group

•

••

•

••

••

Source: U.S. Census Bureau, 2010 American Community Survey

Mobility in U.S. Cities

Mobility: Selected States

“We can have a hard decade,or a bad century.”

- Tom Friedman