Utah's Employment Summary: July 2022

19. August 2022


SALT LAKE CITY (Aug. 19, 2022) — Utah’s nonfarm payroll employment for July 2022 increased an estimated 3.5% across the past 12 months, with the state’s economy adding a cumulative 56,600 jobs since July 2021. Utah’s current job count stands at 1,664,300.


July’s seasonally-adjusted unemployment rate is estimated at 2.0%, unchanged across the past three months, with approximately 35,300 Utahns unemployed. The July national unemployment rate lowered one-tenth to 3.5%. More...



Leveraging labor market data for employers

11. August 2022
The dynamic and challenging times of today’s economic and workforce needs must be met with relevant, accurate information to support employers with their business plans. The successful economic advancement of the state is a key priority in Governor Cox’s One Utah Roadmap, and the Utah labor market cannot perform successfully without helpful data to influence solid decision making regarding industry strategies and talent development.  More...

Rising Inflation and Its Impact on Employment in Utah

5. August 2022

 By Gwendolyn C De Baca, Regional Economist



What is Inflation and Why is it a Problem?

Inflation has been a hot topic during the past several months. The Federal Reserve increased its benchmark rate by 0.75 points on June 15, 2022, and the members of the Federal Open Market Committee (FOMC) are reportedly considering raising rates again by another 0.75 points in late July. These aggressive moves by the Fed are in response to signs of increasing inflation, most recently from a staggering Labor Department report indicating that prices in June 2022 increased by 9.1% from a year earlier, a level of inflation not seen in 40 years. More...