Data shows positive trend for Utah economy
SALT LAKE CITY – The Salt Lake Chamber and the Kem C. Gardner Policy Institute have released data that shows a positive trend for Utah’s economy as the state continues to recover from the pandemic.
A year ago, the chamber helped create an economic dashboard that tracks unemployment rates, job growth and more to help business owners make informed decisions.
RELATED: Telecommuting Helped Keep Utah‘s Economy Afloat During Pandemic, Study Finds
Figures for April show Utah is recovering from recession lows and heading for positive growth on several fronts.
Some good things: Utah’s unemployment rate is back to pre-pandemic levels of three percent, which means we’re at full employment.
The job change in Utah now stands at zero percent, which means any job growth we see from here is a net positive.
RELATED: With the Best Economy in the Country, Utah is on the verge of a strong post-pandemic recovery
The state’s immunization rate also plays a role in our strong economy.
âOne of the most important things we did was to come together at the start of the pandemic between health and economic leaders, government, public sector companies and private sectors, working together to a common cause and this common cause was to protect both lives and livelihoods, âsaid Derek Miller, President and CEO of the Salt Lake Chamber.
While there is plenty to be happy about, Miller says we need to remember that there are still a lot of struggling businesses, and we need to continue to help them, which can be done by shopping. in companies owned by local and minority interests.
If you want to see more data from the roadmap to recovery, visit https://slchamber.com/roadmap-dashboard/
RELATED: Utah’s Economy Was Top In The United States During The Pandemic. study show