GOVERNMENT

Utah leads nation in economic growth

Mar 25, 2022, 12:05 PM | Updated: 1:44 pm
Utah’s economic recovery leading nation...
(The reflecting pool at next to the Utah State Capitol. Credit: Paul Nelson)
(The reflecting pool at next to the Utah State Capitol. Credit: Paul Nelson)

SALT LAKE CITY — Economic recovery from the pandemic is slowly improving across the nation, and Utah is leading the growth effort.

The Salt Lake Chamber’s Roadmap to Prosperity Coalition, in partnership with the Kem C. Gardner Policy Institute, recently updated their Economic Dashboard, which tracks Utah’s path to a complete economic recovery from the pandemic recession. 

According to Derek Miller, president and CEO of the Salt Lake Chamber and Downtown Alliance, “Utah’s consumer confidence continues to climb as the broader U.S. confidence dips for another month.”

The Salt Lake Chamber cites three essential insights from the March 2022 Roadmap to Prosperity Dashboard.

  1. Utah’s unemployment rate is the lowest in the nation. Utah’s February unemployment rate of 2.3% is the lowest in the nation, tied with Nebraska.
  2. Utah home prices continue to rise. Utah’s home prices have risen drastically over the last year with a median home sale price of $486,000 in January 2022.
  3. Consumer Confidence increases in Utah. January and February saw upticks in Utah’s consumer confidence while confidence nationwide continued to fall.

“This new economic dashboard highlights the positive effects of real job growth and returning consumer confidence,” said Natalie Gochnour, director of the Gardner Policy Institute. 

The Roadmap to Prosperity Coalition is used to help business leaders understand how Utah is recovering. The dashboard receives updates monthly and tracks different metrics, including the unemployment rate, job change, consumer confidence, median home prices and more.

Today’s Top Stories

Government

Moss cell phone...
Lindsay Aerts

Lawmaker Moss again pushing to ban driving while holding a cell phone

Rep. Carol Spackman Moss, D-District 37, says she'll try again to crack down on driving with your cell phone in your hand.
1 day ago
Utah Democrats Gene Davis...
Simone Seikaly

Attorney for Sen. Gene Davis says Davis won’t resign from the Utah Senate

The Salt Lake County Democratic Party asked for Davis to resign immediately because of allegations of sexual harassment made against him.
1 day ago
election results...
Elizabeth Weiler and Chris Jacobs

New poll suggests voters don’t wan’t to see Biden or Trump on the ballot

SALT LAKE CITY — A new poll shows a high number of voters do not want to see either President Biden or Former President Trump on the upcoming 2024 Presidential ballot, some would even be willing to pay money to not. It is currently unknown if either Biden or Trump will run in 2024 as […]
1 day ago
(AP Photo/Bernat Armangue)...
Jennifer Hansler, CNN

US Embassy warns Americans to leave Russia

 (CNN) — The U.S. Embassy in Moscow issued a security alert overnight that urged U.S. citizens to leave Russia immediately while there are still options for departing the country. The alert comes in the wake of Russian President Vladimir Putin’s order for partial mobilization of Russian men to fight in his war in Ukraine. “Russia […]
1 day ago
Draper City is suing, Geneva Rock, a mining company at the Point of the Mountain. The city is conce...
Jessica Lowell & Allie Litzinger

Draper City suing Geneva Rock, the mining company at Point of the Mountain

Draper City is suing, Geneva Rock, a mining company at the Point of the Mountain over concerns about what the company's mining activity will do to the area.
3 days ago
fairness pregnant...
Lindsay Aerts

Utah moms rally behind Fairness for Pregnant Workers Act

Utahns in the nationwide advocacy group Mom Congress are pushing for a fairness bill to give pregnant workers more federal protections.
3 days ago

Sponsored Articles

Young woman receiving laser treatment...
Form Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
large group of friends tohether in a park having fun...
BYU MBA at the Marriott School of Business

What differentiates BYU’s MBA program from other MBA programs

Commitment to service is at the heart of BYU’s MBA program, which makes it stand out among other MBA programs across the country.
a worker with a drill in an orange helmet installs a door in the house...
Price's Guaranteed Doors

Home improvement tip: Increase the value of your home by weatherproofing doors

Make sure your home is comfortable before the winter! Seasonal maintenance keeps your home up to date. Read our tips on weatherproofing doors.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
A paper reading IRS, internal revenue service is pictured...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Utah leads nation in economic growth