March 2015 continued Utah's solid numbers for our workforce and employers: Jobs for grew by an estimated 4.0 percent, adding 53,000 jobs to the economy as compared to March 2014. Utah's current employment level registers 1,362,600.
The unemployment rate (seasonally adjusted) remained unchanged from the prior two months of 2015 at 3.4 percent. Approximately 49,200 Utahns were unemployed in the month and actively seeking work. The national unemployment rate also showed no change from the prior month, holding steady at 5.5 percent.
"Our state continues to add jobs at rates well above our long-run average," reported Carrie Mayne, chief economist at the Department of Workforce Services. "While our labor force expands, the unemployment rate remains low, which signals economic strength as we move into the warmer season."
Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in March, as compared to last year. Other Services showed no job growth, and Natural Resources and Mining contracted by 300 positions. The largest private sector employment increases were in:
- Trade, Transportation, and Utilities (13,800 jobs)
- Leisure and Hospitality (8,700 jobs)
- Professional and Business Services (8,100 jobs)
The fastest employment growth occurred in:
- Leisure and Hospitality (6.8 percent)
- Construction (6.4 percent)
- Trade, Transportation, and Utilities (5.6 percent)
Chief Economist Carrie Mayne breaks down the numbers in this quick video:
For more information visit our Labor Market Employment Update web pages.