Utah’s employment in May 2016 grew by an estimated 3.2 percent, adding 44,400 jobs to the economy as compared to May 2015. Utah’s current employment level registers 1,417,800.
The unemployment rate for May increased one tenth from April to 3.8 percent. Approximately 57,400 Utahns were unemployed in the month and actively seeking work. The national unemployment rate dropped three-tenths of a percentage point to 4.7 percent.
“Utah continues to enjoy healthy economic growth,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Expanding job opportunities in a climate of increasing wages draws people into the labor force to look for work, which counterintuitively raises the unemployment rate.”
Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in May as compared to last year, while the Natural Resources and Mining industry decreased by 1,100 positions and Other Services showed zero net change.
The largest private sector employment increases were in:
- Education and Health Services (8,500 jobs)
Leisure and Hospitality (8,500 jobs)
Trade, Transportation and Utilities (7,900 jobs)
The fastest employment growth occurred in:
Leisure and Hospitality (6.4 percent)
Construction (6.3 percent)
Financial Activities (5.6 percent)
Chief Economist, Carrie Mayne, explains the numbers in this quick video:
For more information visit our Labor Market Employment Update web pages.