I am amazed at what you can find using Melissa Data.
For example, I am pleasantly suprized to learn that Utah County has a lower unemployment rate (4.0%) than the rest of the state of Utah (4.4%), and it has been steadily trending downward from 4.8% at the beginning of this year.
Salt Lake County, meanwhile, has an unemployment rate higher than the state overall, and while it is also coming down, it appears to be decending less rapidly than Utah County–though I didn’t crunch out the numbers on this one to be sure.
This is more evidence of the growing agreement among recruiters and employers that talent is getting scarce–especially in Utah. It is also evidence to my long-standing theory that the job market in Utah County doesn’t “suck”, as many will say, it is just tighter–companies already have plenty of people–what they will be hiring for in the future are better people–people who will solve problems, not just identify problems.
Looking around at companies like Funding Universe (and the localized FundingUtah) and the Junto Partners, it is clear that money is flowing out of investor pockets and into entrepreneurial ones. I love the sound of that!
Economics tells you that means our salaries should all be rising more-rapidly than those of our Salt Lake County counterparts. I don’t know for sure, but I believe there are many more opportunities in Utah County than people give us credit for–and if they’re not paying as-well now, they will be soon.
Bring it on
No comments:
Post a Comment