February 2016 continued the trend of strong economic
indicators for Utah’s workforce and businesses. Jobs grew by an estimated 3.3
percent, adding 44,700 jobs to the economy as compared to February 2015. Utah’s
current employment level registers 1,395,100.
The unemployment rate for February remained unchanged from
January 2016, measuring at 3.4 percent. Approximately 50,100 Utahns were
unemployed in the month and actively seeking work. The national unemployment
rate also remained unchanged from January at 4.9 percent.
“The labor market in our state continues to grow and support
economic prosperity,” reported Carrie Mayne, Chief Economist at the Department
of Workforce Services. “With the addition of more than 44,000 jobs, Utah’s
businesses continue to provide opportunity for job seekers who have the skills
needed in today’s labor markets.”
Eight of the 10 private sector industry groups measured in
the establishment survey posted net job increases in February 2016 as compared
to last year, while the Natural Resources and Mining industry shed 1,600
positions and Other Services shed 700 positions.
The largest private sector employment increases were in:
- Education and Health Services (9.700 jobs)
- Trade, Transportation and Utilities (8,700 jobs)
- Leisure and Hospitality (8,300 jobs)
The fastest employment growth occurred in:
- Leisure and Hospitality (6.4 percent)
- Financial Activities (5.9 percent)
- Construction (5.8 percent)
Our Chief Economist, Carrie Mayne, explains the numbers in this
For more information visit our Labor Market Employment
Update web pages.