Utah’s nonfarm payroll employment for February 2017 grew by an estimated 3.3 percent, adding 45,700 jobs to the economy since February 2016. Utah’s current employment level registers 1,445,000
February’s seasonally adjusted unemployment rate held steady from January at 3.1 percent. Approximately 47,500 Utahns were unemployed during the month and actively seeking work. The national unemployment rate decreased one-tenth of a percentage point from January to 4.7 percent.
“Utah’s monthly labor market indicators continue to show the economy operating at or near full employment,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “For the first two months of 2017, the state had fewer unemployed persons than the 2016 monthly average of 51,800.”
Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in February as compared to last year, while the Natural Resources and Mining industry decreased by 800 positions and the Information industry shed 600 positions.
The largest private sector employment increases were in:
- Trade, Transportation, and Utilities (11,500 jobs)
- Professional and Business Services (8,200 jobs)
- Education and Health Services (7,200 jobs)
The fastest employment growth occurred in:
- Other Services (4.4 percent)
- Trade, Transportation, and Utilities (4.3 percent)
- Professional and Business Services (4.2 percent)
For more information visit our Labor Market Employment Update web pages.