Economic Information for Employers
Economic information is more and more in demand and is useful in making business decisions. It also can be valuable in helping government leaders, economic planners, and private citizens understand a problem or formulate a solution. For example, employers use industrial staffing data to plan new facilities and anticipate hiring needs while governmental leaders use economic information to allocate aid to cities and towns, and to plan vocational programs. Bookmark this site for all your business economic information needs: http://jobs.utah.gov/wi
Economic and labor market information especially useful to employers has been compiled and posted on our web page: http://jobs.utah.gov/opencms/wi/employer/
. There you’ll find figures on employment and unemployment, the employer cost index, wage data (statewide and in 9 sub-state areas), consumer price index, income, industry information, and county-level data of various types.
Significantly, DWS is the only source providing county-level economic information such as wages, the unemployment rate, and the largest employers in the county.
Employment and Wage data are collected on a quarterly basis from employers on the number of persons employed each month and total wages paid for the quarter. The data is arranged by type of industry according to the North American Industry Classification System (NAICS). After screening the quarterly data, DWS sends it to the Bureau of Labor Statistics who combines all of the states’ data thereby allowing analysis of national economic trends and performance. Information from this data serves as a foundation for some of the key activities within the U.S. Department of Labor, as well as the State of Utah. See http://jobs.utah.gov/jsp/wi/utalmis/gotoIndustry.do
The Current Employment Statistics Program surveys a monthly sample of employing establishments that provide employment, hours worked and earnings information for persons on nonagricultural payrolls. After analyzing and verifying the monthly data, the information is transmitted to the Bureau of Labor Statistics where it is combined with data from other states to determine national economic trends. See http://jobs.utah.gov/opencms/wi/pubs/une
The Occupational Employment Statistics (OES) Program provides current estimates of occupational employment and wage data by industry. Staffing patterns obtained from the OES establishment-based survey are valuable in education planning and vocational counseling. Businesses use the OES wage data to recruit and retain employees and to determine what wage to attach to a job order. See http://jobs.utah.gov/jsp/wi/utalmis/gotoOccwage.do