A Peek into the Economic Crystal Ball



Utah Releases New Short-Term Occupational Projections

By Lecia Parks Langston, Senior Economist


"I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place." –Winston Churchill


In contrast to Winston Churchill, economists at the Utah Department of Workforce Services don’t have the luxury of projecting occupational trends after the fact. Our latest foray into the world of the unknown has produced the 2017 to 2019 occupational projections for Utah. You can find the full set of projections here. More...






Utah’s veterans unemployment rate remains low



Latest report from Bureau of Labor Statistics show Utah’s jobless rate for veterans at 2.9 percent


According to new data from the U.S. Bureau of Labor Statistics (BLS), Utah’s 2017 veteran unemployment rate was 2.9 percent, ranking Utah as one of only 12 states to be below 3.0 percent.


“Focusing on veterans has always been a top priority for our department,” said Jon Pierpont, executive director of the Department of Workforce Services. “We proudly serve those who have served in the military with several key programs to help them transition into their next job and find a fulfilling career.” More...






Utah's Employment Summary: February 2018



Utah’s nonfarm payroll employment for February 2018 grew by an estimated 3.2 percent, adding 45,700 jobs to the economy since February 2017. Utah’s current employment level registers 1,487,800. No revisions were made to January’s year-over job growth rate.


February’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.1 percent. Approximately 48,600 Utahns were unemployed during the month and actively seeking work. The national unemployment rate remained unchanged from January at 4.1 percent. More...