Utah Grows to the 31st Largest State Economy



By Mark Knold, Supervising Economist


Several runners are engaged in a race. They move along, jockeying for position when they all stumble into a ditch. Most runners crash hard; others don’t. One twists an ankle and struggles to return. Another badly bruises a shin and limps due to pain. Yet, another scuffs a knee, gets up quickly and surmounts his fellow runners. Such is the case with the Utah economy and the ditch we called the Great Recession.


This yarn was contrived to illustrate what happened to Utah’s economy from the Great Recession’s onset to now. Based upon employment across 10 years, Utah has grown from the 33rd largest state economy to the 31st. Utah has passed Nevada and Kansas with Iowa not far ahead. More...






Utah's Employment Summary: December 2017



December 2017 employment in Utah grew by an estimated 2.7 percent, adding 38,800 jobs to the economy since December 2016. Utah’s current employment level registers 1,497,600. November’s year-over job growth was revised from 2.9 percent to 2.8 percent.


December’s seasonally adjusted unemployment rate dropped one-tenth of a percentage point from the prior month to 3.1 percent. Approximately 49,700 Utahns were unemployed during the month and actively seeking work. The national unemployment rate remained unchanged from November at 4.1 percent. More...





Utah's Employment Summary: November 2017



Employment in Utah for November 2017 grew by an estimated 2.9 percent, adding 42,100 jobs to the economy since November 2016. Utah’s current employment level registers 1,498,100. October’s year-over job growth was revised from 2.7 percent to 2.8 percent.


November’s seasonally adjusted unemployment rate dropped one-tenth of a percentage point from the prior month to 3.2 percent. Approximately 50,300 Utahns were unemployed during the month and actively seeking work. The national unemployment rate remained unchanged from October at 4.1 percent. More...