The following statistics are presented comparing June 2019 to June 2021.
Utah’s nonfarm payroll employment for June 2021 increased an estimated 3.3% across the past 24 months, with the state’s economy both returning and adding a cumulative 51,300 jobs since June 2019. Utah’s current employment level stands at 1,603,500. More...
By Lyndsey Stram, Regional Economist
As the State of Utah continues to recover from the COVID-19 pandemic, a familiar problem has reemerged: worker shortages. An aggressive hiring push is happening in many industries statewide, while some workers remain tentative about returning to the job market. On the bright side for job seekers, many companies are offering perks like remote work, sign-on bonuses and increasing wages in order to entice workers. More...
By Lecia Parks Langston, Senior Economist"The smallest company in the world can look as large as the largest company on the web.”
-Steve Jobs
Major employers certainly play a major role in the Utah economy. While employers with 1,000 or more employees account for only 0.2% of firms, they employ a whopping 34% of the state’s workers. In general, bigger firms—particularly in the private sector—pay higher-than-average wages and are more stable during an economic downturn. Large firms are, however, less likely to employ the very young or the very old. (See our blog post on the demographics of firm size here.) More...