Governor on Utah’s Economy: “Steady as She Goes”
March 6, 2013
“Utah’s economy is still solid, and growing once again at historic norms,” Governor Herbert said. “This is gratifying especially in light of federal uncertainty and the cloud of sequestration. I am pleased that Utah continues to experience stable, sustained job growth-creating real opportunity for Utahns.”
Though December’s unemployment rate was initially reported at 5.2%, the latest data from BLS revised that number to 5.4%, matching January’s unemployment rate.
“The BLS regularly revises their data this time of year,” Chief Economist Juliette Tennert said. “And while it is undeniable that the unemployment rate remains too high, it is markedly lower from previous highs. Utah’s long-term economic trends show a return to pre-recession economic vitality.”