The Kem C. Gardner Policy Institute’s mission is to develop and share economic, demographic, and public policy research that sheds light and helps people make INFORMED DECISIONS™. In times of uncertainty, we seek to share our expertise by providing economic [...]
In 2019, the value of permit-authorized construction in Utah totaled $9.8 billion, the highest year ever in both current and inflation-adjusted dollars. Sixty percent of the total construction value was in the residential sector, which rose 12.5% from 2018 to [...]
Utah’s total personal income reached $156.1 billion* in the third quarter of 2019, rising 6.0% from the third quarter of 2018. Utah’s growth ranked 3rd in the nation. Nationally, personal income increased 4.5% over the same period.
Current data reveals 1 in 5 Utahns identify as racial minorities, rising 3.8% from 2017 to 2018.1 This is more rapid than the comparable 1.9% year-over growth rate of the total population. Racial and ethnic diversity continues to increase across [...]
Utah’s diverse energy industry plays a significant role in the state’s economy. It encompasses traditional fossil fuels and renewable resources. The mining sector produces crude oil, natural gas, and coal. Power producers generate electricity from hydropower, geothermal, solar, wind, and [...]
Increasing prices and a shortage of new housing units continue to be a challenge across the State of Utah. The goal of the survey of Utah’s top homebuilders is to shed light on market sentiment and provide insight into the [...]
Utah’s unemployment rate was 2.3% in December 2019, lower than the December 2018 rate of 3.2%. The national unemployment rate was 3.5% in December 2019, lower than the December 2018 rate of 3.9%.
The Kem C. Gardner Policy Institute has prepared economic profiles that track travel and tourism data for each of Utah's 29 counties.
As Utah’s population has grown and changed, housing developments, employment opportunities, and communities have expanded, and so have the commuting patterns of the employed workers who call Utah home. Analysis of recent county-to-county commuting data demonstrates that Salt Lake County [...]
