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Construction Remains Driving Force of Utah Economy

None by Eric Ray

(KCPW News) Utah's employment situation stands to benefit from a slowing economy in Nevada and Arizona. Construction remains one of Utah's strongest growing industries and experts believe it's likely workers from neighboring states will turn to Utah for employment.

Housing development in Utah is beginning to slow, however commercial and industrial building remains strong. Economist Austin Sargent of the Division of Workforce Services says commercial construction will pick up the slack. He says the state is poised for another year or two of healthy growth in this area.

Utah's employment growth remained strong in May, keeping up with this year's average of four and half percent. Sargent says any economic slowing in Utah will be gradual and it's unlikely to dip below the state's historical averages.


Email to a friendPosted in KCPW Newsroom. Copyright 2008 KCPW

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