SALT LAKE CITY (KUTV) — The nation is experiencing an economic slowdown, according to recent reports, and a local expert said Utah’s relatively strong economy is still vulnerable to the trends.
Dr. Andrew Keinsley, an associate professor of economics at Weber State University, said while Utah is in a good economic position, it is experiencing the same slowdown as the rest of the nation.
“The economy is definitely slowing,” Dr. Keinsley said. “It’s definitely dropped a gear over the last couple of months.”
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Reports claim the economy is slowing down nationwide after recent tariff announcements and diminished job growth.
The latest jobs report had significant downward revisions for May and June. The labor market peaked in April and has been deteriorating since.
“We are seeing anemic job growth simply because hiring has slowed down, not necessarily…
