Gov. Spencer Cox has declared the second week in April as Community Development Week in the state of Utah.
The proclamation recognizes the importance of the Community Development Block Grant (CDBG) program, which is among the few flexible sources of federal funds that remain available to local governments for community development. Projects must primarily benefit low-income and moderate-income individuals. More...
By Ben Crabb, Regional Economist
(March 10, 2022) Utah’s employment landscape is variable and dynamic. Employment levels and the size of industrial sectors differ across the state’s 29 counties.
To understand the nuances of Utah’s labor force, economists use a handful of data tools to understand the workforce. These tools include the North American Industry Classification System (NAICS), NAICS supersectors, percent employment in each supersector for each Utah county, location quotients, and the Hachman Index of industrial diversification. More...
(March 18, 2022) Utah’s nonfarm payroll employment for February 2022 increased an estimated 4.2% across the past 12 months, with the state’s economy adding a cumulative 66,000 jobs since February 2020. Utah’s current job count stands at 1,646,500.
February’s seasonally-adjusted unemployment rate is estimated at 2.1%, with approximately 35,300 Utahns unemployed. January’s unemployment rate remains unrevised at 2.2%. The February national unemployment rate dropped two percentage points to 3.8%. More...