Tagged: Economy

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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.

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Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.

New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.