Utah’s nonfarm payroll employment for February 2018 grew by an estimated 3.2 percent, adding 45,700 jobs to the economy since February 2017. Utah’s current employment level registers 1,487,800. No revisions were made to January’s year-over job growth rate.
February’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.1 percent. Approximately 48,600 Utahns were unemployed during the month and actively seeking work. The national unemployment rate remained unchanged from January at 4.1 percent.
“Utah has experienced another month of healthy growth with the addition of more than 45,000 jobs by our state’s employers,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Unemployment continues to hold steady with fewer than 50,000 individuals looking for work during the month of February.”
Utah’s private sector employment grew by 3.5 percent year-over with the addition of 42,100 positions. Nine of the ten private sector industry groups measured in the establishment survey posted net job increases in February, while Natural Resources and Mining remained unchanged from one year ago.
The largest private sector employment increases were in:
- Trade, Transportation, and Utilities (10,200 jobs)
- Leisure and Hospitality (8,400 jobs)
- Education and Health Services (7,000 jobs)
The fastest employment growth occurred in:
- Construction (7.5 percent)
- Leisure and Hospitality (6.0 percent)
- Trade, Transportation and Utilities (3.8 percent)
Chief Economist Carrie Mayne shares her analysis of February’s employment report in this quick video:
For more information visit our Labor Market Employment Update web pages.