By Ben Crabb, Regional Economist

Inflation has been one of the big economic stories of the past two years, with prices rising at the fastest rates in 40 years. With the price of food, energy, housing and service all up substantially, inflation’s impact has been felt by just about everyone.

To understand how inflation is measured, this article will explore two of the most commonly used inflation indexes: the Consumer Price Index (CPI) developed by the U.S. Bureau of Labor Statistics (BLS); and the Personal Consumption Expenditures (PCE) price index from the U.S. Bureau of Economic Analysis (BEA). More...

SALT LAKE CITY (April 21, 2023)  — Utah’s nonfarm payroll employment for March 2023 increased an estimated 2.7% across the past 12 months, with the state’s economy adding a cumulative 44,100 jobs since March 2022. Utah’s current job count stands at 1,705,400.

March’s seasonally-adjusted unemployment rate is estimated at 2.4%. Approximately 41,700 Utahns are unemployed. Utah’s February unemployment rate is unrevised at 2.4%. The March national unemployment rate moved down one notch to 3.5%. More...