Tagged: Economy

There was a 1.1 percent increase in retail sales in February from January, the Census Bureau says. It was the largest rise in five months, Reuters reports.

And the gain didn't come just become rising gas prices led to a 3.3 percent increase in the value of gasoline sales. According to The Associated Press, retail sales rose 0.8 percent excluding gasoline.

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Thanks to high commodity prices and surging productivity, U.S. farmers earned a net income of nearly $98 billion last year — a record, according to the Food and Agricultural Policy Research Institute.

Last year, Utah created jobs at a faster pace than any other state in the country — with the single exception of North Dakota. While the boom in North Dakota is being driven by oil and gas, the hot job market in Utah is being powered by technology companies.

Computer-system-design jobs in Utah shot up nearly 12 percent in 2011. Scientific and technical jobs jumped 9.7 percent. With job opportunities expanding, the state is having little trouble attracting new residents.

For Jill Layfield, the decision to move here from Silicon Valley was not a tough call.

In the past decade or so, we've gotten used to jobless recoveries, when the economy grows its way out of a recession without adding many new jobs.

At the moment, we may be living through the opposite of a jobless recovery. In the past few months, job growth has picked up, while economic growth has slowed.