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The economy of Utah is a diversified economy covering industries such as tourism, mining, agriculture, manufacturing, information technology, finance, and petroleum production. The majority of Utah 's gross state product is produced along the Wasatch Front , containing the state capital Salt Lake City .
The number of Americans filing new applications for unemployment benefits increased more than expected last week, but remained at levels consistent with a healthy labor market. Initial claims for ...
Part of Downtown Salt Lake 2005. The economy of Salt Lake City, Utah is primarily service-oriented. While nearby Bingham Canyon Mine (the world's largest open-pit mine) provided a strong source of income during the 19th century, the city has evolved to an economy built on transit hubs, call centers, and seasonal tourism.
The labor market is being underpinned by very low levels of layoffs, but employers are hesitant to add more workers after a hiring spree during the recovery from the COVID-19 pandemic.
Union affiliation by U.S. state (2023) [1] [2] Rank State Percent union members Percent change Union members Percent represented by unions Percent change Represented
Labor market stability was underscored by government data on Tuesday showing an increase in job openings in November, with 1.13 vacancies for every unemployed person, up from 1.12 in October.