Utah’s employment in August 2016 grew by an estimated 3.3 percent, adding 44,800 jobs to the economy as compared to August 2015. Utah’s current employment level registers 1,420,900.
The unemployment rate for August’ declined two-tenths from July to 3.7 percent. Approximately 54,800 Utahns were unemployed in the month and actively seeking work. The national unemployment rate held steady from July to August at 4.9 percent.
“The Utah job market continues to grow at an optimal pace,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Unemployment numbers in the state show a pattern of job seekers entering the workforce and finding employment.”
Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in August as compared to last year, while the Natural Resources and Mining industry decreased by 1,000 positions and the Information industry showed no net change.
The largest private sector employment increases were in:
- Trade, Transportation and Utilities (8,600 jobs)
- Education and Health Services (8,600 jobs)
- Financial Activities (6,600 jobs)
The fastest employment growth occurred in:
- Financial Activities (8.3 percent)
- Construction (6.0 percent)
- Education and Health Services (4.8 percent)
Listen to Chief Economist Carrie Mayne break down this month's numbers:
For more information visit our Labor Market Employment Update web pages.