Utah Foundation Significant Statistics

Significant Statistics | Housing Permits Plummet

Written by: Staff

UTAH HOUSING BUILDING PERMITS decreased from 3,070 in March to 2,089 in April, a 32% decrease.1 Interestingly, this came just after a March in which the greater Salt Lake City area (MSA) saw the highest number of housing permits in decades, and perhaps ever – over 1,500. The next month, they plummeted: April saw a decrease to just over 800.2 Meanwhile, regional housing start3 estimates across the West indicate a dramatic dropoff, from 325,000 in … Continued

Significant Statistics | Utah Ranks Lowest in Unemployment Claims as a Percentage of Workforce

Written by: Staff

THE LATEST NATIONAL TAX FOUNDATION NUMBERS comparing unemployment claims put Utah in a favorable position relative to her 50 sisters: as of May 16, the Beehive State had the nation’s lowest unemployment claims as a percentage of the civilian workforce, at 5.7%. Contrast Utah’s situation with the five states with the highest percentage of claims, including three states in our neighborhood: Washington (31%), Nevada (25%), Oregon (24%), Hawaii (24%) and Florida (23%). The figures reflect … Continued

Significant Statistics | Transit Ridership Falls 70+ Percent

Written by: Staff

FROM EARLY MARCH TO LATE APRIL, Utah Transit Authority ridership plummeted. UTA’s fixed bus route and light rail ridership settled into a new weekday low in early April, with the decline hovering near the 70% to 75% range until the end of the month. The declines for Utah Valley Express, Frontrunner and paratransit were even steeper, settling into more than an 80% decline. UTA has stepped up sanitary efforts. It is currently surveying riders to … Continued

Significant Statistics | Utah Hits 150,000 New Unemployment Filings in Seven Weeks

Written by: Staff

UTAH EMPLOYMENT NUMBERS ARE BLEAK, but not as bleak as the national numbers. From February to March, state unemployment increased by 1.1% to 3.6%. This is the second largest monthly increase in the past 45 years. Only in late 2008 was there a larger monthly unemployment increase (1.4%).1 The state’s unemployment rate will jump much higher for April. In February, the U.S. unemployment rate hit a 50 year low (3.5%). Nationally, unemployment jumped from 4.4% … Continued