Updates regarding the U.S Economy projections on where the economy is heading and the likely possibility of a recession, Style Utah provides the latest news and updates regarding the United States economy, and the US economy at a glance, offering insights into opportunities for investments and resources regarding GDP, personal income and consumer spending.
With reports that the economy contracted in Q1, driven by lower private inventory investment and defense spending, and a negative contribution from net exports. The economy’s underlying strength remained intact, with private consumption and fixed investment gaining steam.
In the second quarter of 2022, state personal income increased at an annual rate of 5.8 percent across all 50 states and the District of Columbia. Increases in earnings and property income (dividends, interest, and rent) contributed to personal income growth in all states and the District of Columbia, while transfer receipts increased in 35 states.
Small business growth in Utah and updates regarding news from small businesses and locally owned companies in Utah.