The new year started off strong: Utah's employment in January 2016 grew by an estimated 3.0 percent, adding 40,100
jobs to the economy as compared to January 2015. Utah’s current employment
level registers 1,380,800.
adjusted unemployment rate remained unchanged from last month’s revised rate of
3.4 percent. Approximately 49,600 Utahns were unemployed in the month and
actively seeking work. The national unemployment rate showed dropped one- tenth
of a percentage point to 4.9.
“Utah’s labor market is on
solid footing with robust positioning in 2015 and a strong start to 2016,”
reported Carrie Mayne, Chief Economist at the Department of Workforce Services.
“Annual data revisions are now complete and show the 2015 annual average for
unemployment at 3.5 percent and and job growth at 3.7 percent. This is a firm
base from which to operate in 2016”
Eight of the 10 private sector industry groups
measured in the establishment survey posted net job increases in January as
compared to last year, while the Natural Resources and Mining industry shed
2,000 positions and Other Services shed 1,100 positions.
The largest private
sector employment increases were in:
- Leisure and Hospitality (8,400 jobs)
- Education and Health Services (8,000 jobs)
- Trade, Transportation and
Utilities (7,900 jobs)
The fastest employment growth occurred in:
- Leisure and
Hospitality (6.6 percent)
- Construction (6.1 percent)
- Financial Activities
Chief Economist Carrie Mayne explains this month’s numbers:
For more information visit our Labor Market Employment Update web pages.