Utah’s Economy: First Signs of Recovery

In the past few weeks much of the economic news has turned positive. Projections for third quarter GDP have been raised to 2.9 percent, worker productivity is up at an annual rate of 6.6 percent, new home construction has increased for five consecutive months, the stock market continues its gains, the Case-Shiller housing price index finally turned positive with a 2.9 percent increase for the second quarter, consumer confidence is up, and perhaps most important, the rate of job loss has decelerated substantially, from monthly losses of 700,000 jobs to monthly losses of around 200,000 jobs.

Read the entire report:Download Utah Economy 057 August 2009

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