Resilience has been the watchword among economic developers since the onset of the COVID-19 pandemic. And perhaps no regional economy in the country has been more resilient than Salt Lake City, according to data released last week by the Bureau of Labor Statistics.
Remarkably, as of January, employment in Salt Lake City was down by only 5,000 jobs compared to a year earlier, a decline of only 0.7%. Salt Lake City easily outperformed other large metros that have dominated economic development rankings in recent years, including the Texas trifecta of Austin (-2.7%), Dallas (-3.0%), and San Antonio (-3.6%), the Tarheel stalwarts of Raleigh (-3.1%) and Charlotte (-4.2%), and the healthcare center of gravity in Nashville (-4.3%).
Paul Corson, what are you guys doing out there? Do share.