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July 31, 2025 - Salt Lake City, UtahThe state of Utah continues to see positive economic indicators as the unemployment rate hit a record low of 2.5% in July 2025. The strong job market is attributed to the state's booming tech sector, which has been driving economic growth and innovation in recent years.According to the Utah Department of Workforce Services, the state added over 30,000 new jobs in the tech industry alone in the first half of 2025. Companies such as Adobe, Qualtrics, and Pluralsight have been expanding their operations in Utah, creating high-paying jobs and attracting top talent from around the country."The tech industry in Utah has been a major contributor to our state's economic success," said Governor Spencer Cox. "We are proud to be at the forefront of technological innovation and to provide opportunities for our residents to thrive in this rapidly growing sector."In addition to the tech industry, other sectors such as healthcare, finance, and manufacturing have also seen growth in Utah. The state's diverse economy has helped mitigate the impact of the COVID-19 pandemic, with many businesses adapting to remote work and implementing safety measures to keep employees and customers safe.Utah's strong economy has not only benefited residents in terms of job opportunities but also in terms of household income. The median household income in Utah has increased by 5% in the past year, reaching a record high of $75,000."We are pleased to see our state's economy thriving and our residents experiencing financial stability," said State Treasurer Kimiko Martinez. "Utah is a great place to live, work, and do business, and we are committed to maintaining this positive momentum in the years to come."As Utah continues to attract businesses and talent from across the country, state officials are optimistic about the future of the economy. With a strong job market, high household incomes, and a diverse range of industries driving growth, Utah is well-positioned to remain a leader in the national economy for years to come.