By Ben Crabb, Regional Economist
(March 10, 2022) Utah’s employment landscape is variable and dynamic. Employment levels and the size of industrial sectors differ across the state’s 29 counties.
To understand the nuances of Utah’s labor force, economists use a handful of data tools to understand the workforce. These tools include the North American Industry Classification System (NAICS), NAICS supersectors, percent employment in each supersector for each Utah county, location quotients, and the Hachman Index of industrial diversification. More...
(March 18, 2022) Utah’s nonfarm payroll employment for February 2022 increased an estimated 4.2% across the past 12 months, with the state’s economy adding a cumulative 66,000 jobs since February 2020. Utah’s current job count stands at 1,646,500.
February’s seasonally-adjusted unemployment rate is estimated at 2.1%, with approximately 35,300 Utahns unemployed. January’s unemployment rate remains unrevised at 2.2%. The February national unemployment rate dropped two percentage points to 3.8%. More...
By Mark Knold, Chief Economist
The number of Utah workers holding a second job has increased by nearly 50% across the past 20 years, numbering nearly 60,000 just prior to the COVID-19 pandemic.
Multiple job holding is defined as holding two jobs simultaneously during a calendar quarter. The primary job is the one with the highest wage earnings. The secondary job is the one with the lower wage earnings.
Although the number of second jobs has increased in the past 20 years, the overall percentage of Utah workers holding a second job has hovered around 6%. Nationally, the multiple job holding percentage has declined, and currently is estimated at 5.2% of all payroll employment. More...