United States Congress Joint Economic Committee

Utah

March 2024

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Utah Unemployment (U-3) 2.4% 2.4% 2.2%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
Utah Labor Force Participation Rate 68.7% 68.6% 68.5%
U.S. Labor Force Participation Rate 62.5% 62.5% 62.4%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 3/29/24 12:00 AM $3.54 $3.32 $3.46
Utah Gas/gal. $3.77 $3.17 $3.74
West Region: Loaf of Bread $2.36 $2.25 $2.23
West Region: Milk/gal. $3.97 $3.97 $4.27
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q4/2023 (Advance Estimate)
3.3%
UT Real GDP
Q3/2023
6.1%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
UT Hourly Rate
$7.25
Last Generated: 3/29/24 5:15 AM