SALT LAKE CITY (Sept. 16, 2022) — Utah’s nonfarm payroll employment for August 2022 increased an estimated 3.4% across the past 12 months, with the state’s economy adding a cumulative 54,400 jobs since August 2021. Utah’s current job count stands at 1,673,200.
August’s seasonally-adjusted unemployment rate is unchanged at 2.0%. Approximately 35,500 Utahns are unemployed. The August national unemployment rate rose two-tenths of a percent to 3.7%. More...
In today’s competitive job market, labor and talent shortages are among the challenges to finding and retaining the next member of your team. Now more than ever, employers must be creative and better connected to their community resources and partners to confront these challenges.
The Department of Workforce Services’ Chief Economist Mark Knold said that the labor shortages are an intersection of many variables, not just competitive wages. He identified one of those variables as a deficiency in developing and investing in talent. More...