United States Congress Joint Economic Committee

Utah

June 2022

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Utah Unemployment (U-3) 2.0% 1.9% 2.8%
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% 67.8% 68.0%
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 6/28/22 12:00 AM $4.88 $4.60 $3.10
Utah Gas/gal. $5.19 $4.69 $3.48
West Region: Loaf of Bread $1.79 $1.82 $1.72
West Region: Milk/gal. $3.98 $3.92 $3.55
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q1/2022 (Advance Estimate)
-1.4%
UT Real GDP
Q4/2021
6.5%
S&P 500 (YTD)
-18.17% Updated 6/28/22 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
UT Hourly Rate
$7.25
Last Generated: 6/28/22 10:05 AM