SALT LAKE CITY (April 19, 2024) — Utah’s nonfarm payroll employment for March 2024 increased an estimated 2.1% across the past 12 months, with the state’s economy adding a cumulative 35,600 jobs since March 2023. Utah’s current job count stands at 1,739,500.
March’s seasonally adjusted unemployment rate is estimated at 2.8%. Approximately 50,600 Utahns are unemployed. Utah’s February unemployment rate is unrevised at 2.8%. The March national unemployment rate lowered one-tenth of a percentage point to 3.8%. More...
With 2024 in full swing and tax season upon us, now is the perfect time to explore the benefits of the Work Opportunity Tax Credit (WOTC)—a valuable opportunity for employers statewide.
WOTC is a federal tax credit incentive program, provided to employers for hiring individuals from certain target groups. By participating in WOTC, you not only expand your talent pool but also benefit from tax incentives, making it a win-win situation for your business and the community.
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With Utah’s challenging hiring landscape, WOTC is a great incentive to consider as you build your workforce. By hiring untapped populations, you not only address your workforce needs but also contribute to breaking down barriers to employment. These populations, often overlooked, might just hold the talent your business needs.
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Through WOTC you can receive up to $9,600 in tax credit. The Department of Workforce Services is here to help guide you through the process. To learn more about the WOTC and access an online application, click here.
For additional information about the program including frequently asked questions, click here.
Employer workshops and hiring events may also target untapped, vulnerable populations and generate interest in the WOTC. To learn the benefits of accommodating, hiring and retaining individuals with disabilities, contact Ben Baldonado at (435) 414-5461 or Joshua Rodeback at (385) 266-0509.
SALT LAKE CITY (March 22, 2024) — Utah’s nonfarm payroll employment for February 2024 increased an estimated 1.9% across the past 12 months, with the state’s economy adding a cumulative 32,600 jobs since February 2023. Utah’s current job count stands at 1,735,300.
February’s seasonally adjusted unemployment rate is estimated at 2.8%. Approximately 51,100 Utahns are unemployed. Utah’s January unemployment rate is unrevised at 2.8%. The February national unemployment rate increased two-tenths of a percentage point to 3.9%. More...