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Posted by: Brook Bob ( )
Date: July 23, 2018 05:48PM
Utah's economy doing better than most?

Is utah's economy really doing well? Better than most states? Why?

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Posted by: ificouldhietokolob ( )
Date: July 23, 2018 07:13PM
Re: Utah's economy doing better than most?

Keep in mind, "better than most" only means 24th place or better. So it's not a very high bar.

"Business Insider" ranks Utah 9th out of 50 (yes, that's "better than most") for Q4 2017.

It was topped by MA, CA, ID, HI, TX, CO, WA, and (shock!) Washington, D.C.

Now, you might not agree with HOW they ranked. Using different metrics, the rankings would be different. If you were ranking by, say, worker wage growth as a measure of a "good economy," Utah would be much closer to the bottom. So pick yer poison :)

https://www.businessinsider.com/state-economy-ranking-q2-2018-2018-6#1-washington-dc-51

note: in Q3 2017, the same ranking system had Utah at #7. So that means in one quarter, they *dropped* 2 spots. That's getting worse, not better :)



Edited 1 time(s). Last edit at 07/23/2018 07:16PM by ificouldhietokolob.

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Posted by: Amyjo ( )
Date: July 23, 2018 09:47PM
Re: Utah's economy doing better than most?

If things are so good in Utah, it doesn't bode well for the country.

Housing prices are considerably higher than wages and jobs to sustain the economy there.

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