{"id":87910,"date":"2025-08-16T19:36:12","date_gmt":"2025-08-16T19:36:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/87910\/"},"modified":"2025-08-16T19:36:12","modified_gmt":"2025-08-16T19:36:12","slug":"us-economy-is-slowing-in-us-but-is-this-the-case-for-utah","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/87910\/","title":{"rendered":"US Economy is slowing in US but is this the case for Utah?"},"content":{"rendered":"

SALT LAKE CITY (KUTV) \u2014 The nation is experiencing an economic slowdown<\/a>, according to recent reports, and a local expert said Utah’s relatively strong economy is still vulnerable to the trends.<\/p>\n

Dr. Andrew Keinsley, an associate professor of economics at Weber State University, said while Utah is in a good economic position<\/a>, it is experiencing the same slowdown as the rest of the nation.<\/p>\n

\u201cThe economy is definitely slowing,\u201d Dr. Keinsley said. \u201cIt\u2019s definitely dropped a gear over the last couple of months.\u201d<\/p>\n

MORE | Eye On Your Money:<\/p>\n

Reports claim the economy is slowing down nationwide after recent tariff announcements and diminished job growth.<\/p>\n

The latest jobs report had significant downward revisions for May and June. The labor market peaked in April and has been deteriorating since.<\/p>\n

\u201cWe are seeing anemic job growth simply because hiring has slowed down, not necessarily because people are losing their jobs,\u201d Dr. Keinsley said.<\/p>\n

And that means businesses are holding back.<\/p>\n

\u201cEveryone is just kind of pausing. If I don\u2019t know what my outlook is going to be even as an individual, I might not make a big purchase,\u201d Dr. Keinsley said.<\/p>\n

When it comes to the national economic slowdown, he said Utah is no different. He also projected that Utah’s economy could take a hit if the tourism industry slows next travel season.<\/p>\n

\u201cUtah has been in a good spot economically speaking and relative to the rest of the nation, but we are subject to those national trends,\u201d he said.<\/p>\n

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