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The Logan financial system was featured on The Information with Shepard Smith, a program on CNBC.
LOGAN – In a latest report on The Information with Shepard Smith on cable channel CNBC, the Logan financial system was featured for its low unemployment and various financial system. The network report referred to Logan’s job market as “bulletproof.”
“It appears like most small cities however the job market is virtually bulletproof,” information anchor Shepard Smith exclaimed on Friday, December 4th to a nationwide viewers.
Logan’s low unemployment price was a serious focus of this system; at 2.4% it’s the lowest in Utah and has been frequently one of many lowest unemployment charges within the nation all through the pandemic.
With the just lately renovated Middle Road in downtown Logan as her backdrop, Logan Mayor Holly Daines exclaimed, “We’re so lucky that anybody who actually needs a job on this valley can get one.”
Correspondent Andrea Day then targeted on three of the highest employers in Cache Valley: Utah State College, Gossner Meals and ICON Well being and Health.
Utah State President Noelle Cockett stated the varsity made a dedication to maintain workers employed, and even reassigned athletic division workers within the spring based mostly on the altering wants of the college.
“We truly transferred them into areas the place new jobs had been created, equivalent to contact tracing and case containment,” Cockett stated.
Gossner Meals was highlighted not just for its massive work pressure, but in addition as a result of gross sales of its shelf secure milk rose 10% through the pandemic and the corporate added workers to satisfy demand.
“Health as a development was accelerating earlier than COVID,” exclaimed ICON Well being and Health Senior Vice President Eric Watterson. “That acceleration has solely been elevated with COVID.”
The CNBC program stated gross sales of treadmills and bikes have elevated over 600% over final yr, and ICON Well being and Health manufacturers are among the many most used on the planet. In truth, ICON has obtained over $400 million in investments during the last 12 months to develop its iFit manufacturers internationally.
Day reported that ICON’s 2020 Black Friday gross sales have been double what they have been a yr in the past.
Day closed her report by sharing the story of the Cache Valley Restaurant Cooperative, a gaggle of native eating places who teamed as much as offer and promote free delivery.
To see the total report because it aired on CNBC, click on right here: https://www.cnbc.com/video/2020/12/04/the-job-market-in-utah-logan-is-bulletproof-with-low-unemployment-rate-of2-point-8-percent.html
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