United States Congress Joint Economic Committee

Utah

August 2020

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Utah Unemployment (U-3) 5.1% 8.6% 2.6%
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 69.3% 67.1% 68.3%
U.S. Labor Force Participation Rate 61.5% 60.8% 63.0%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 0.6% 0.1% 1.6%
"Core" CPI Inflation 1.2% 1.2% 2.1%
National Gas/gal. Updated 8/5/20 12:00 AM $2.18 $2.18 $2.71
Utah Gas/gal. $2.45 $2.30 $2.91
West Region: Loaf of Bread $1.74 $1.76 $1.56
West Region: Milk/gal. $3.40 $3.29 $3.06
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q1/2020 (3rd Estimate)
-5.0%
UT Real GDP
Q3/2019
3.2%
S&P 500 (YTD)
-0.19% Updated 7/20/20 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
UT Hourly Rate
$7.25
Last Generated: 8/5/20 5:14 AM