Baby Boomers | Layton City Economic Development

Impact of Baby Boomer Retirements Projected to be less Significant in Utah

Economic News | Baby Boomer departures, Baby Boomers, brain drain, educated workforce, talent-ready workforce, U.S. Department of Labor, Utah Department of Workforce Service, Utah economy

The nation’s Baby Boomers, those born between the years 1946-1964, are a vital part of Utah’s economic success. This generation has been a strong factor in labor markets and their impending retirement could be significant. The U.S. Department of Labor estimated the majority of the working baby boomer generation would retire between the years 2016 […]

Job Growth Remains Strong in Utah during High Inflation

Business Resources and Information, Economic Development, Economic News | Baby Boomers, Department of Workforce Services, job gains, job growth, labor market, Utah unemployment rate

July’s unemployment rate in Utah remains at a low 2.0%, unchanged across the past three months. The July national unemployment rate dropped to 3.5%. In a press release, Mark Knold, Chief Economist at the Department of Workforce Services (DWS) reported, “High inflation and now two consecutive quarters of declining national Gross Domestic Product (GDP) would […]