Utah’s nonfarm payroll employment for May 2017 grew by an estimated 3.1 percent, adding 44,500 jobs to the economy since May 2016. Utah’s current employment level registers 1,467,900.
May’s seasonally adjusted unemployment rate rose one-tenth of a percentage point to 3.2 percent. Approximately 50,800 Utahns were unemployed during the month and actively seeking work. The national unemployment rate decreased one-tenth of a percentage point from April to 4.3 percent.
“Utah’s labor market continues to expand across the vast majority of business sectors,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “We are currently in the 83rd month of the state’s longest job market expansion in the last 15 years.”
Nine of the 10 private sector industry groups measured in the establishment survey posted net job increases in May as compared to last year, while the Natural Resources and Mining industry decreased by 700 positions.
The largest private sector employment increases were in:
- Professional and Business Services (11,800 jobs)
- Trade, Transportation, and Utilities (9,400 jobs)
- Construction (5,200 jobs)
The fastest employment growth occurred in:
- Professional and Business Services (5.9 percent)
- Construction (5.6 percent)
- Trade, Transportation, and Utilities (3.5 percent)
Chief Economist, Carrie Mayne, explains the numbers in this quick video:
For more information visit our Labor Market Employment Update web pages.