Recent Research
Recently Published
The most recent research published by the Kem C. Gardner Policy Institute
September 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 which may also present challenges. Demographic advantages, an appealing business climate, and increasing labor force participation will continue to be an advantage for the economy. All going well, Utah will once again be one of the top-performing economies in the nation in 2019.
The State of Utah’s Travel and Tourism Industry, September 2019 (Tri-Fold Brochure)
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 visitor purchases included retail items and groceries, as well as arts, entertainment, and recreation-related activities.
Ivory-Boyer Construction Report, 2nd Quarter 2019
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 remained strong through the second quarter bringing total nonresidential construction value to $1.2 billion, a 13.5 percent increase from mid-year 2018.
Utahns on the Move: State and County Migration Age Patterns
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 net in-migration destination. Utah migration patterns vary over time and by geography (counties). Migration is also impacted by economic performance and structure, natural resources (including recreational), and major events (such as the Olympics). In this report, we provide analysis of Utah’s migration history, signature migration characteristics for the 2000-2010 decade, and county migration trends by county typology and stages of[...]
Utah System of Higher Education: State Aid Project
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 report presents a baseline analysis for further policy discussion surrounding state aid in Utah.
Fact Sheet: An Analysis of Labor Supply and Demand in Utah
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 are at historical lows: 2.8 percent in August 2019. However, wage growth has been sluggish at best, averaging just 1.1 percentage points above inflation since 2010. A tight labor market should lead to faster wage growth as employers compete for the available supply.
Kem C. Gardner Policy Institute 500-Day Strategic Plan, September 2019
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 the Kem C. Gardner Policy Institute. We view this strategic plan as a rolling 500-day plan with a 5,000-day horizon. We present the plan in outline format to make each of the elements readily available.
August 2019 Economic Summary
Outlook 2019—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 which may also present challenges. Demographic advantages, an appealing business climate, and increasing labor force participation will continue to be an advantage for the economy. All going well, Utah will once again be one of the top-performing economies in the nation in 2019.