Economy

Utah’s Economy: Growing Fast, Leaving Some Behind

Written by: Dan Bammes

Utah Foundation President Steve Kroes appeared on a panel at the presentation of this year’s Economic Report to Governor with economist Carrie Mayne from the Utah Department of Workforce Services Each year, the Bureau of Economic and Business Research at the University of Utah publishes an Economic Report to the Governor. The 2015 report was presented on Friday, January 9th to a breakfast meeting of business, state and community leaders at the Marriott City Center … Continued

Utah Aims Low on Revenue Projections

Written by: Christopher Collard

The governor recently announced an additional $638 million in revenues for the coming fiscal year. This total is made up of 2014 and 2015 revenue growth above projections and some funds that were not used in previous years. Some attribute the surplus to a spike in economic growth. While Utah’s economy is outperforming the rest of the nation there might other factors behind the surplus. To begin with, whether Utah brings in revenue above predictions … Continued

Does Utah have a debt problem?

Written by: Stephen Hershey Kroes

Utah has a debt problem. But Utah needs to build some vital projects. Both perspectives were presented at our Bacon, Biscuits and Bonds breakfast event at the Capitol today. We learned some very interesting facts and heard some great arguments for several proposals. Here are a few notes: Treasurer Richard Ellis urged lawmakers to slow down in requesting new bond-funded projects. Utah’s debt levels have risen dramatically since 2009, with debt now around $1,000 per … Continued

Swimming in Quantitative Easing

Written by: Shawn Teigen

  What on earth is quantitative easing and why is Utah Foundation writing about it now? Since the Great Recession, the U.S. Federal Reserve has pumped trillions of dollars into the economy from its bond-buying program – referred to as “quantitative easing.” The program will likely end in October. How does quantitative easing spur economic growth? It is like watering your lawn from a wading pool. You pour additional water into the pool and the … Continued

Our research on economic mobility receives recognition in D.C.

Written by: Mallory Bateman

Last week Utah Foundation received a Certificate of Merit at the Governmental Research Association’s annual conference in Washington, D.C. The recognition, for Shawn’s work on economic mobility, was in the category of most effective education. GRA is a national organization of individuals professionally engaged in policy research. During the three day conference, Shawn presented and moderated a panel on economic mobility alongside two directors from Pew’s Financial Security and Mobility group.  The panel covered findings from … Continued

FRED and the Treasury Rate Spread

Written by: Christopher Collard

For those of you out there who love good economic data, FRED (the economic database for the Federal Reserve) has some cool new features. On top of their newly designed interactive graphs launched late last year, they most recently added the ability to create a dashboard to keep track of all your favorite economic indicators in real time. One thing that economically attuned people like to keep their eye on is the spread (or difference) … Continued

The Cost of Cake

Written by: Shawn Teigen

Wedding season is just around the corner. How much is a wedding going to cost the happy couple? A lot. Though in Utah the cost is comparably small. Utahns have the second lowest wedding costs in the nation after Idahoans ($16,816 and $16,159 respectively), both of which are just over half of the average national expense ($29,858). And none of these total costs include honeymoons. (As a side note, Utah has the second highest honeymoon … Continued

More About Migration

Written by: Mallory Bateman

Our recent report, A Snapshot of 2050, discusses the way that migration to and from Utah can make the total population fluctuate. We thought we’d take a minute to look into Utah’s past migration and discuss changes that the state has experienced in the past. From 1991 to 1997, the share of Utah’s population growth caused by net migration (in-migration minus out-migration) ranged from about 40 percent to just over 50 percent. A similar nearly … Continued