Utah Retirement Systems distributed $2.1 billion in defined benefit pension payments to 72,400 Utah residents in 2024, generating 7,200 jobs with $377.5 million in earnings and $828.8 million in state GDP.
In FY2024, over 1,200 federal employees worked in tourism-related jobs in Utah, including 658 in leisure and hospitality (includes national parks and recreation jobs) and 605 at the Federal Aviation Association (FAA).
Approximately 55,000 defense employees work in Utah, consisting of federal defense civilian employees (over 19,000), military personnel (almost 16,000), and employees of private defense contractors (roughly 20,200).
The federal government owns 64.4% of Utah’s total land area (35.0 million out of 54.3 million acres). The federal government holds in trust for tribal nations an additional 4.5% of the state’s land.
In FY 2024, federal funds comprised 27% of the state’s spending, totaling just over $7 billion of the $26 billion total.
Utah’s consumer sentiment decreased 3.5% to 88.1 in February from 91.3 in January, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment.
The federal government spends 39% more annually than its revenue collections, resulting in a deficit ($1.9 trillion in FY 2024).
Nearly 57,000 federal employees work in Utah, consisting of non-defense civilian employees (nearly 22,000), defense civilian employees (about 19,000), and military personnel (roughly 16,000).
Education and training help Utahns earn more income, secure more stable employment, achieve greater upward mobility, participate less in public assistance programs, and garner other positive individual and societal benefits.
Utah’s consumer sentiment was unchanged at 91.3 in January, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment.
Thomas S. Monson Center
411 E South Temple
Salt Lake City, Ut 84111
Thomas S. Monson Center
411 E South Temple
Salt Lake City, Ut 84111
