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Utah Outpaces the National Average in Economic Growth
Posted on October 4th, 2016


While the national economic outlook is a mixed bag of growth in some areas and decline in others, Utah's outlook is on a solid path of growth.


According to a post on utahpolicy.com last week, Utah continues to lead the nation in unemployment, decreasing from 3.5% in June to 3.2% in July of this year. The national rate continues to hold steady at 4.9%. Over the last year, Utah has added nearly 49,000 jobs to the economy. Construction was among the top industries for adding jobs.

Furthermore, according to a recent study conducted by the Kem C. Gardner Policy Institute, the construction industry in Utah has bounced back from its 20-year low in 2010. The industry has seen five consecutive years of growth, expanding to $6.9 billion in 2015. Strong growth in construction typically spills into several other sectors, indicating a healthy employment outlook for Utah.


Utah's economy is drawing attention, and with it, businesses and people who all need both commercial and residential space. And Utah's construction industry is the engine driving this strong growth.


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