Utah economy | Layton City Economic Development

Utah Achieves Top Ranking in “2023 Happiest States in America”

Community Development, Economic News, Outdoor Recreation | community, family values, Happiest States in America, low cost of living, Utah, Utah economy, Utah outdoors, WalletHub

Utah was recently ranked No. 1 in WalletHub’s “2023 Happiest States in America” report. Adam McCann, WalletHub Financial Writer, said: “Even though people across the U.S. are facing difficult times, the state in which you live may have an impact on how happy you are. In this study, WalletHub drew upon the findings of ‘happiness’ […]

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 […]

Utah Shows no Signs of Economic Decline: Jobless Rate at 2.3%

Economic Development, Economic News | DWS, Utah Department of Workforce Services, Utah economy, Utah low unemployment, Utah young workforce

In spite of financial data indicating a slowing economy, Utah’s unemployment rate held at a low 2.3 percent during the month of May. Meanwhile, the national rate for unemployment rose to 3.7 percent from April. The May number indicates about 42,000 Utahns are currently jobless, according to a new report by the Utah Department of […]

Utah Ranked Among Nation’s Top Economies

HUD Funding and Other Local Resources | AAA bond rating, affordable office space, business creation, business-friendly, economic opportunity, Governor Spencer J. Cox, nation’s best economy, skilled workers, Top Economies, U.S. News & World Report, Utah economy, WalletHub

Governor Spencer J. Cox recently said Utah has the best economy in the nation and he isn’t bragging. The state continues to lead at the forefront of innovative economic opportunity initiatives. Its list of honors is impressive, including being the best-managed state in America and the number one state for economic outlook and recovery. Utah […]

Report: Utah Positioned for Moderate Economic Growth

Economic Development, Economic News | home prices, Kem C. Gardner Policy Institute, unemployment rate, Utah economy, Utah education, Utah employment

Utah’s economy remains strong, despite low consumer confidence, according to the latest economic report by the Kem C. Gardner Policy Institute. The monthly report provides recent data on the state’s economic outlook and actionable framework for business and government decision-makers. Unemployment in Utah currently ranks third in the nation. Utah’s 2 percent unemployment rate is […]

Accolades Continue for Utah’s Top-Ranked Economy

Economic Development, Economic News | Best Economic Outlook, Best State Economy, Economic Growth, economic opportunity, Economic Rankings, economy, education, GDP Growth, healthcare, infrastructure, Layton City economy, Standard & Poor AAA, U.S. News & World Report, Utah economy

The state of Utah is number one, and continues to lead with its growing economy. Utah’s economy ranks No. 1 among all 50 states, according to rankings just released by U.S. News & World Report, a global authority in economic rankings. The publication’s rankings are based on about 70 metrics and thousands of data points […]