Utah’s Tech Economy Volume One: Economic Impacts, Industry Trends, Occupations, and Workers

Utah’s tech industry made significant contributions to the state economy in 2018, supporting one in seven Utah jobs and one-sixth of worker earnings in the state. The economic activity generated over $2.5 billion in tax revenue to help fund schools [...]

2023-12-18T13:38:23-07:00July 30th, 2019|

July 2019 Economic Summary

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 [...]

2019-07-25T13:42:13-06:00July 25th, 2019|

Race/Ethnicity in the Wasatch Front Labor Force: An Equal Employment Opportunity Analysis

Utah’s racial and ethnic diversity continues to increase, along with the rest of the nation. Currently, 1 in 5 Utahns identify as racial minorities, increasing 3.5 percentage points from 2016. However, state level analysis can mask county and region-level variation. [...]

2019-07-02T09:47:18-06:00July 2nd, 2019|

The Salt Lake Apartment Market: An Analysis of Apartment Rental Rates in the Greater Salt Lake Region

Strong demand for apartment units in the Wasatch Front has led to a rapid increase in rental rates. Since the Great Recession, the increase in average rent has outpaced income growth and inflation. Pent up demand coupled with a robust [...]

2023-12-18T12:26:10-07:00June 18th, 2019|

State Budget Stress Testing: How Utah Budget-makers are Shifting the Focus from a Balanced Budget to Fiscal Sustainability

State budget stress tests help policymakers to plan for and create appropriate, measured responses to economic volatility. Utah is the first state to implement comprehensive budget stress testing, evaluating the sufficiency of reserves and other budget contingencies to cover recession-spurred [...]

2024-01-10T13:54:45-07:00June 13th, 2019|
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