SALT LAKE CITY (June 16, 2023) — Utah’s nonfarm payroll employment for May 2023 increased an estimated 2.9% across the past 12 months, with the state’s economy adding a cumulative 48,900 jobs since May 2022. Utah’s current job count stands at 1,727,100.

May’s seasonally adjusted unemployment rate is estimated at 2.3%. Approximately 42,000 Utahns are unemployed. Utah’s April unemployment rate is unrevised at 2.3%. The May national unemployment rate moved up three-tenths of a percentage point to 3.7%. More...

SALT LAKE CITY (May 19, 2023)  — Utah’s nonfarm payroll employment for April 2023 increased an estimated 2.6% across the past 12 months, with the state’s economy adding a cumulative 43,500 jobs since April 2022. Utah’s current job count stands at 1,720,300.

April’s seasonally adjusted unemployment rate is estimated at 2.3%. Approximately 41,300 Utahns are unemployed. Utah’s March unemployment rate is unrevised at 2.4%. The April national unemployment rate moved down one notch to 3.4%. More...

By Ben Crabb, Regional Economist

Inflation has been one of the big economic stories of the past two years, with prices rising at the fastest rates in 40 years. With the price of food, energy, housing and service all up substantially, inflation’s impact has been felt by just about everyone.

To understand how inflation is measured, this article will explore two of the most commonly used inflation indexes: the Consumer Price Index (CPI) developed by the U.S. Bureau of Labor Statistics (BLS); and the Personal Consumption Expenditures (PCE) price index from the U.S. Bureau of Economic Analysis (BEA). More...