Utah ended 2014 with strong job growth: Employment for December 2014 grew by an estimated 3.9 percent, adding 50,700 jobs to the economy as compared to December 2013. Utah's current employment level registers at 1,366,700.
"Utah ended the year on a labor market high note, posting the highest year-over job growth for all of 2014," reported Carrie Mayne, chief economist for the Utah Department of Workforce Services. "For the first time since the Great Recession the number of unemployed Utahns dropped below the 50,000 level."
Approximately 49,900 Utahns were unemployed in December and actively seeking work. Last month's seasonally adjusted unemployment rate dropped only slightly from the last month, measuring 3.5 percent — still well below the national rate of 5.6, which dropped two-tenths of a percentage in December.
All of the 10 private sector industry groups measured in the establishment survey posted net job increases in December as compared to last year. The largest private sector employment increases were in:
- Trade, Transportation and Utilities (11,600 jobs)
- Construction (10,000 jobs)
- Leisure and Hospitality Services (6,200 jobs)
The fastest employment growth occurred in:
- Construction (13.5 percent)
- Natural Resources (5.7 percent)
- Leisure and Hospitality (5 percent)
Carrie Mayne breaks down the numbers in this quick video:
For more information, visit our Labor Market Employment Update web pages.