SALT LAKE CITY (Dec. 20, 2024) — Utah’s nonfarm payroll employment for November 2024 increased an estimated 1.8% across the past 12 months, with the state’s economy adding a cumulative 30,900 jobs since November 2023. Utah’s current job count stands at 1,782,700.
November’s seasonally adjusted unemployment rate is estimated at 3.5%. Approximately 63,620 Utahns are unemployed. Utah’s October unemployment rate is unrevised at 3.5%. The November national unemployment rate was up one-tenth of a percentage point at 4.2%. More...
SALT LAKE CITY (Nov. 15, 2024) — Utah’s nonfarm payroll employment for October 2024 increased an estimated 1.9% across the past 12 months, with the state’s economy adding a cumulative 32,900 jobs since October 2023. Utah’s current job count stands at 1,782,800.
October’s seasonally adjusted unemployment rate is estimated at 3.5%. Approximately 63,800 Utahns are unemployed. Utah’s September unemployment rate is unrevised at 3.5%. The October national unemployment rate was unchanged at 4.1%. More...
By Gwen Kervin, Senior Economist
Employment in Utah’s tech sector has been steadily growing, making up a larger share of U.S. tech employment over the last several years. The Governor’s Office of Economic Opportunity has targeted the Software and IT industry in its mission to foster economic growth in the state. Within Utah, the tech industry accounted for just over 67,400 jobs in 2023 and paid a total of $9.28 billion in wages, the majority of which were paid out by software publishers and computer systems design and related services companies. However, this does not capture the entire picture, as employees with technical skills can be found across all sectors of the economy. Moreover, high-paying technical jobs don’t just benefit those who work in the tech sector or hold technical jobs. As tech employees spend money locally, they increase demand for goods and services in a variety of industries, supporting local employment and wages. More...