A Plan to Elevate Utah’s Economic Success A premier location for business growth and tourism, Utah’s recent economic success provides a foundation for long-term, high-quality opportunity for all Utahns. We’ve accomplished a great deal during the past decade, and by continuing our strategic approach to economic development, Utah is well-positioned for the future. As illustrated in Figures 1-5, the state’s population and employment growth have significantly outpaced the rest of the nation during the past decade. Average weekly earnings are well above the U.S. average and rising at a faster rate. Utah’s labor force participation rates continue to outpace the nation, and unemployment is below 3%. Figures 1-5: Evidence of Utah’s Recent Economic Success
5
Utah GOED | 60 East South Temple, Suite 300 | Salt Lake City, Utah 84111 | (801) 538-8680 | business.utah.gov