In 1940 Panguitch
reached its largest population--2,500. The population in 1990 was 1,444.
During World War II, many people left town to work in war industries.
Three hundred forty-eight service men and seven nurses and WACs from
Panguitch served during this war, and the period marked the beginning
of an exodus of people from Panguitch. In 1954-55, Croft
Sawmills began operations in Panguitch and brought many new people into
town while allowing many area people to remain. In 1970 Kaibab Industries
acquired the sawmill and became the largest employer. Today the sawmill
staff has been reduced to thirteen employees because of timber harvesting
restrictions. Forest and range permits also limited the cattle and sheep
industry. At the present time, tourism seems to be the best, economically
feasible industry. Panguitch is near five national parks as well as
monuments and near teeming trout streams and lakes. Campgrounds, recreation
areas, a ski resort, and verdant forests surround the town.