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UTAH'S LABOR MARKET AND ECONOMY
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Economists at the Utah Department of Workforce Services manage this page to provide timely economic data and analysis for the state. Contact Us
Featured Post

Establishment Turnover in Utah: Startups Across Boom and Bust Cycles
By Michael Jeanfreau, Senior Economist— The constant churn of business formation and closure is a normal feature of a healthy economy. New businesses open, others shut down, and the competitive process reallocates resources to their most productive uses. Startups introduce new products, services, and innovations. If they operate efficiently and meet market demand, they survive and grow. If not, they eventually give way to firms that are better positioned to serve customers and allocate resources. This filtering process is one of the primary ways economic efficiency improves over time.
