Utah's Employment Summary: August 2020

Utah’s nonfarm payroll employment for August 2020 has contracted by an estimated 1.6% across the past 12 months, with 25,300 fewer jobs. Utah’s current employment level stands at 1,534,000. Utah’s July year-over job change has been revised up from -1.8% to -1.6%.

August’s seasonally-adjusted unemployment rate is estimated at 4.1%, with approximately 66,100 Utahns unemployed. Utah’s July unemployment rate is unchanged at 4.5%. The national unemployment rate for August lowered from July’s 10.2% to 8.4%. More...

COVID-19 and Downtown Salt Lake City Employment

By Lyndsey Stram, regional economist, and Mark Knold, chief economist

Salt Lake City’s downtown is home to Utah’s largest employment center. It employs workers not just from Salt Lake City but from a broad reach up and down the Wasatch Front. The downtown’s economic vitality draws workers to its high rises and government centers. In turn, these workers impart their consumer vibrancy by supporting and sustaining a myriad of business and industries within and surrounding the downtown’s business heart.

As the COVID-19 pandemic has negatively impacted the global economy, downtown districts in cities across the U.S. have been disproportionately depressed, including Salt Lake City’s. While in normal times downtowns regularly thrive with worker influx, COVID-19-induced worker dispersion has disproportionally emptied out business centers. These have a negative secondary and tertiary diffusion upon restaurants and shops that magnifies the situation. Because the extent of this impact is unknown, it’s helpful to have an idea of what the employment picture looked like before the pandemic and therefore from whence it may have fallen. More...

Utah's Employment Summary: July 2020

Utah’s nonfarm payroll employment for July 2020 contracted by an estimated 1.8%, with 27,500 jobs sidelined compared to the July 2019 employment. Utah’s current employment level registers 1,516,800. Utah’s June year-over job change has been revised up two-tenths of a percentage point to -2.6%.

July’s seasonally-adjusted unemployment rate is estimated at 4.5%. Approximately 72,900 Utahns were unemployed during July. Utah’s June unemployment rate has been revised upward two-tenths of a percentage point to 5.3%. The national unemployment rate for July lowered to 10.2%. More...