New federal data released Tuesday evokes a reminder of the halcyon days of the recent past when Utah’s economy was truly hot before layoffs and closures forced by the coronavirus pandemic.
Data show that Utah ranked No. 2 in the nation last year for growth in personal income.
It grew by 6% in 2019, according to a report by the U.S. Bureau of Labor Statistics.
That was well above the national average of 4.4% and was second only to the 6.1% growth in neighboring Colorado.
West Virginia had the lowest increase among the states at 2.8%.
Despite its high ranking for growth by percentage, Utah ranked only No. 37 nationally for per capita income at $48,395. Utah usually ranks low in per-capita measures because its families tend to be large with many children. Utah usually ranks high when total household income is measured instead and combines wages of all who live together.
The average per capita income nationally last year was $56,663.
The report said Utahns as a group earned a total of $155.1 billion last year, up by $8.73 billion.
Professional, scientific and technical services was the leading contributor to the earnings increase in Utah.
Earnings in that industry grew by just over $1 billion in Utah, followed by $659 million growth in state and local government job earnings and $615 million in the construction industry.
The industry in Utah with the smallest growth in 2019 was mining, quarrying and oil and gas extraction, with only a $3 million increase in earnings statewide.