What is fueling inflation and how is it impacting Utah's economy and job market?
Utah's economy is running strong, for now, but how will inflation and a potential looming recession impact the economy?
Source: ksl.com
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The rising cost of living is driving some older Utahns back to work
The pandemic led to a wave of early retirements. Now, many of those people are returning to work as the cost of living soars.
Source: kuer.org
Utah unemployment rates remained low in May
Utah unemployment rates remained low in May 2022, with just under 35,000 citizens unemployed statewide. Find the full report here.
Source: utahbusiness.com
Utah unemployment rate at 2% in May; National rate holds steady at 3.6%
Utah’s economy has added 55,000 jobs since May 2021
Source: fox13now.com
Here's why Utah's unemployment rate rose for the first time in 2 years
Utah's unemployment rate only had a slight increase from 1.9% in April to 2% in May, but economist Mark Knold said why that rate has moved up for the first time in two years is worth noting.
Source: ksl.com