HomeNewsNewsWhat is fueling inflation and how is it impacting Utah’s economy and job market?

What is fueling inflation and how is it impacting Utah’s economy and job market?

A “Now Hiring” sign is pictured outside Staker Parson in Salt Lake City on July 13. Utah’s economy is running strong, for now, but how will inflation and a looming recession impact the economy? (Laura Seitz, Deseret News)

Estimated read time: 4-5 minutes

SALT LAKE CITY — Utah’s employment summary for the month of June further reinforces the notion that the Beehive State’s economy is faring better than the national economy.

“Currently, the economic numbers are still strong here in Utah,” Mark Knold, Utah Department of Workforce Services’ chief economist, said Friday.

The state’s nonfarm payroll employment for June increased an estimated 3.5% across the past 12 months, with the state’s economy adding a cumulative 56,300 jobs since last June, bringing Utah’s current job count to 1,666,300,…

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