Utah’s nonfarm payroll employment for August 2017 grew by an estimated 2.8 percent, adding 39,900 jobs to the economy since August 2016. Utah’s current employment level registers 1,465,100.
August’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.5 percent. Approximately 54,600 Utahns were unemployed during the month and actively seeking work. The national unemployment rate increased one-tenth of a percentage point from July to 4.4 percent.
“Utah’s labor market continues to grow at a sustainable, moderate pace,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “While the number of unemployed has increased slightly over the last few months, employers continue to add jobs thus presenting employment opportunities to the growing number of job seekers.”
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 700 positions and the Information industry lost 1,900 positions.
The largest private sector employment increases were in:
- Professional and Business Services (10,300 jobs)
- Trade, Transportation, and Utilities (6,500 jobs)
- Education and Health Services (6,100 jobs)
The fastest employment growth occurred in:
- Construction (6.2 percent)
- Professional and Business Services (5.0 percent)
- Other Services (3.5 percent)
Chief Economist, Carrie Mayne, explains what this month’s report means for Utah in this quick video:
For more information visit our Labor Market Employment Update web pages.