SALT LAKE CITY (July 18, 2025) — Utah’s nonfarm payroll employment for June 2025 increased an estimated 2.3% across the past 12 months, with the state’s economy adding a cumulative 39,700 jobs since June 2024. Utah’s current job count stands at 1,779,300. 

June’s seasonally adjusted unemployment rate is estimated at 3.2%. Approximately 59,461 Utahns are unemployed. Utah’s May unemployment rate is unrevised at 3.2%. The June national unemployment rate is down a tenth of a percentage point at 4.1%. More...

SALT LAKE CITY (June 20, 2025) — Utah’s nonfarm payroll employment for May 2025 increased an estimated 2.5% across the past 12 months, with the state’s economy adding a cumulative 42,900 jobs since May 2024. Utah’s current job count stands at 1,786,000. 

April’s seasonally adjusted unemployment rate is estimated at 3.2%. Approximately 58,220 Utahns are unemployed. Utah’s April unemployment rate is unrevised at 3.1%. The May national unemployment rate is unchanged at 4.2%. More...

Michael Jeanfreau, Senior Economist

Here in the desert, Utah continues to grow in population, overall income, employment, and GDP. The pioneer spirit in the state’s culture aligns with entrepreneurship. State-led efforts, along with Utah’s favorable demographics and business climate, help new companies find the skilled workforce and support they need.

Utah’s startup scene thrives thanks to a fast-growing population and a robust economy. As one of the country’s fastest-expanding states, Utah blends a youthful workforce with a strong education base, which creates a prime setting for business growth. In 2025, WalletHub ranked Utah the 3rd best state to start a business, highlighting strong access to both talent and capital. Meanwhile, Utah’s business tax rate as a percent of GDP was among the lowest in the nation, an advantage noted by the Kem C. Gardner Policy Institute. The result is an ecosystem where startups sprout alongside established firms in technology, life sciences, outdoor products, finance, and other sectors. Utah’s growth-focused culture and wide network of startup supporters, from university innovation labs to business associations, draw inventors and entrepreneurs from all over, reinforcing a cycle of knowledge-sharing that strengthens the broader economy. More...