SALT LAKE CITY (March 28, 2025) — Utah’s nonfarm payroll employment for February 2025 increased an estimated 1.8% across the past 12 months, with the state’s economy adding a cumulative 31,900 jobs since February 2024. Utah’s current job count stands at 1,759,700.
February’s seasonally adjusted unemployment rate is estimated at 3.2%. Approximately 58,250 Utahns are unemployed. Utah’s January unemployment rate is unrevised at 3.2%. The February national unemployment rate was up one-tenth of a percentage point at 4.1%. More...
Now that 2025 is in full swing and tax season is coming up, it's a great time to talk about the benefits of the Work Opportunity Tax Credit (WOTC).
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.
WOTC was created in 1996 by Section 1201 of the Small Business Job Protection Act allowing for-profit employers to claim a tax credit against their federal income tax liability for hiring members of seven specifically designated groups (P.L. 104-188). Fast forward to the present day, WOTC provides tax incentives for 10 targeted groups.
Did you know?
- Through WOTC, most target groups' maximum credit is $2,400.
- To learn more about the WOTC and access an on-line 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.
Need help recruiting?
Watch this video to see how Workforce Services helped Big-D Construction create a youth internship program to build its workforce.
SALT LAKE CITY (March 12, 2025) — Utah’s nonfarm payroll employment for January 2025 increased an estimated 1.9% across the past 12 months, with the state’s economy adding a cumulative 32,800 jobs since January 2024. Utah’s current job count stands at 1,748,000.
January’s seasonally adjusted unemployment rate is estimated at 3.2%. Approximately 59,230 Utahns are unemployed. Utah’s December unemployment rate has been revised to 3.3%. The January national unemployment rate was down one-tenth of a percentage point at 4.0%. More...