Various aspects of the economy can be complex, and labor markets are no exception. When job growth is high (think Utah’s blistering 4.5%) sometimes ensuring that the production of skilled workers keeps pace with the creation of jobs can feel like a challenge. In economic terms: how do we better match labor supply and labor demand? More...
Utah’s nonfarm payroll employment for June 2015 grew by an estimated 4.5 percent, adding 59,200 jobs to the economy as compared to June 2014. Utah’s current employment level registers 1,387,800.
June’s seasonally adjusted unemployment rate remained unchanged from last month at 3.5 percent. Approximately 51,700 Utahns were unemployed in the month and actively seeking work. The national unemployment rate dropped two tenths of a percentage point to 5.5 percent in June.More...
There’s a lot of churn in any economy, and that only increases as your scale gets bigger. The global economy is increasingly having an impact of employers and workers right here in Utah. While usually this leads to positive economic growth, sometimes economic shifts abroad can lead to changes here at home that we’d rather avoid.
Fortunately there are resources available to Utah workers affected by these ebbs and flows — things like the Trade Adjustment Assistance Program. When workers lose their jobs due to foreign trade, this programs helps them get back to work quickly.
In addition to the myriad of other resources Workforce Services offers for job seekers, sudden employment changes can certainly be temporary. Any job seekers looking for more information should visit our website at jobs.utah.gov.
*Every Wednesday, Workforce Services takes a special look at issues or initiatives that affect Utah's workforce. Hop on Twitter to follow the latest innovations that help Utahns take their careers to the next level: #WorkforceWednesday