A product of the Workforce Research and Analysis Division of the Utah Department of Workforce Services
Tuesday, August 3, 2010
Economic indicator shows growth in Utah
Utah and neighbors Colorado and Wyoming are showing slight economic growth and projections that will continue, according to the Mountain States Leading Economic Indicator. For the 10th month in a row, the overall index for these three states has risen above 50, which is "growth neutral," to 58.6 in July, according to Ernie Goss, a professor at Creighton University who conducts the survey. That is a "healthy" move upward from the overall index of 58.3 in June and 57.9 in May. For Utah alone, its business conditions index, which is another leading economic indicator, has moved up in July to 58.5 from 57.9 in June. The Deseret News