United States Congress Joint Economic Committee

Utah

June 2020

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Utah Unemployment (U-3) 9.7% 3.8% 2.7%
U.S. Official Rate (U-3) 3.5% 3.5% 3.9%
U.S. "Real" Rate (U-6) 6.7% 6.9% 7.6%
Utah Labor Force Participation Rate 67.1% 68.0% 68.3%
U.S. Labor Force Participation Rate 60.2% 62.7% 62.8%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 0.3% 1.5% 2.0%
"Core" CPI Inflation 1.4% 2.1% 2.1%
National Gas/gal. Updated 6/6/20 12:00 AM $2.02 $1.80 $2.78
Utah Gas/gal. $2.27 $1.97 $3.15
West Region: Loaf of Bread $1.77 $1.68 $1.58
West Region: Milk/gal. $3.50 $3.51 $3.01
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q1/2020 (2nd Estimate)
-5.0%
UT Real GDP
Q3/2019
3.2%
S&P 500 (YTD)
-3.67% Updated 6/5/20 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
UT Hourly Rate
$7.25
Last Generated: 6/6/20 5:15 AM