United States Congress Joint Economic Committee

Utah

January 2022

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Utah Unemployment (U-3) 2.1% 2.2% 3.5%
U.S. Official Rate (U-3) 4.8% 5.2% 7.8%
U.S. "Real" Rate (U-6) 7.3% 7.7% 11.7%
Utah Labor Force Participation Rate 68.0% 67.9% 67.5%
U.S. Labor Force Participation Rate 61.9% 61.9% 61.5%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 6.8% 6.2% 1.2%
"Core" CPI Inflation 4.9% 4.6% 1.6%
National Gas/gal. Updated 1/25/22 12:00 AM $3.34 $3.29 $2.40
Utah Gas/gal. $3.38 $3.52 $2.28
West Region: Loaf of Bread $1.82 $1.80 $1.81
West Region: Milk/gal. $3.92 $3.91 $3.60
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2021 (3rd Estimate)
2.3%
UT Real GDP
Q3/2021
2.7%
S&P 500 (YTD)
-2.17% Updated 1/18/22 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
UT Hourly Rate
$7.25
Last Generated: 1/25/22 5:15 AM