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Utah’s Economy Ranks #1 in the Nation

Utah’s economy ranks as the best of any state. At a time when COVID-19 has sent unemployment soaring into the double digits across much of the country, Utah’s monthly jobless rate stands at 5.1%, less than half the 11.1% national unemployment rate for June.

Even before the coronavirus hit American shores, economic conditions in Utah were far stronger than they were in most of the country. From the first quarter in 2015 through the first quarter in 2020, Utah’s economy grew at an annual rate of 3.4%, compared to the 1.9% national GDP growth rate.

Summit Sotheby’s International Realty is grateful for our relationship with Intercap Lending and especially to Nikki Varanakis for sharing weekly important financial information.

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