United States Congress Joint Economic Committee

Utah

October 2020

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Utah Unemployment (U-3) 5.0% 4.1% 2.5%
U.S. Official Rate (U-3) 3.5% 3.5% 3.9%
U.S. "Real" Rate (U-6) 12.8% 14.2% 6.9%
Utah Labor Force Participation Rate 68.8% 67.4% 68.5%
U.S. Labor Force Participation Rate 61.4% 61.7% 63.2%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.4% 1.3% 1.7%
"Core" CPI Inflation 1.7% 1.7% 2.4%
National Gas/gal. Updated 10/25/20 12:00 AM $2.16 $2.19 $2.62
Utah Gas/gal. $2.38 $2.42 $2.78
West Region: Loaf of Bread $1.75 $1.77 $1.66
West Region: Milk/gal. $3.61 $3.54 $3.08
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2020 (3rd Estimate)
-31.4%
UT Real GDP
Q3/2019
3.2%
S&P 500 (YTD)
7.26% Updated 10/25/20 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
UT Hourly Rate
$7.25
Last Generated: 10/25/20 5:14 AM