Utah's Employment Summary: July 2018



Utah’s nonfarm payroll employment for July 2018 grew by an estimated 3.9 percent, adding 57,100 jobs to the economy since July 2017. Utah’s current employment level registers 1,510,700. No revision was made to June’s year-over job growth rate.


July’s seasonally adjusted unemployment rate increased one-tenth of a percentage point from the prior month to 3.1 percent. Approximately 48,700 Utahns were unemployed during the month and actively seeking work. The national unemployment rate decreased one-tenth of a percentage point to 3.9 percent. More...





Utah: A Tale of Two Economies



By: Mark Knold, Supervising Economist


The Utah economy consistently performs well. At times, recessions do arise; but, once they are done, Utah’s upward economic trajectory resumes. The nation’s last recession was 10 years ago. It was rather dramatic given its “Great Recession” label. But that was 10 years ago; Utah has fared well since.


Every state experienced employment loss in the 2008–2010 period. That means every state had an employment count higher in 2007 than in 2009. Those 2007 levels are each state’s pre-recession employment high point (with a few exceptions). To eventually return to that level thereafter means a state has matched its employment count achieved before the recession began. But that level is just economic recovery. What about going over-and-above? To go above is to add prosperity. More...






Utah's Employment Summary: June 2018



Utah’s June 2018 employment grew by an estimated 3.3 percent, adding 47,900 jobs to the economy since June 2017. Utah’s current employment level registers 1,591,400. May’s year-over job growth rate was revised downward to 3.1 percent.


June’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.0 percent. Approximately 48,400 Utahns were unemployed during the month and actively seeking work. The national unemployment rate increased two tenths of a percentage point to 4.0 percent. More...