The Utah economy exceeded expectations in 2018, adding a total of 48,500 new jobs over the year. An annual employment growth rate of 3.3% is on par with the state’s long-term average and is among the strongest in the nation. [...]
The consensus forecast predicts moderating–but still healthy–job and wage growth, and low unemployment. Internal risks to the Utah economy include the supply of workers, increasing interest rates, housing affordability, and air quality. The nation is entering a late business cycle [...]
In 2018, travelers and tourists spent a record $9.75 billion in Utah. Nonresident visitors spent $8.38 billion of that total, with the largest shares spent on transportation (including gasoline purchases, car rentals, transportation fares, parking), lodging, and dining. Additional nonresident [...]
The total statewide value of permit authorized construction in Utah during the first half of 2019 is $4.7 billion (Table 1). The residential sector accounts for almost two-thirds of statewide construction value, totaling $2.9 billion. Activity in the commercial sector [...]
Utahns are on the move. Approximately one in every six Utahns changed residences in 2016, mirroring a national trend of high mobility. As the Utah economy has grown, diversified, and become more globally integrated, the state has emerged as a [...]
USHE commissioned the Kem C. Gardner Policy Institute to assess system-wide tuition and state aid policies. This report focuses on three main topics: tuition and state aid policies, the economic impacts of nonresident students, and measuring college affordability. This comprehensive [...]
The Governor’s Office of Economic Development reports that workforce is the number one concern they hear from businesses. Firms talk of difficulty finding an adequate supply of skilled labor. Private-sector employment has grown 3.5 percent annually since 2010. Unemployment rates [...]
This 500-Day Plan serves as a tool to guide our work in helping people make informed decisions. The plan includes our vision, mission, values, strategic objectives, action steps, and key performance indicators to guide the daily and long-term direction of [...]
