Utah’s nonfarm payroll employment for September 2017 grew by an estimated 2.4 percent, adding 35,100 jobs to the economy since September 2016. Utah’s current employment level registers 1,481,100.
September’s seasonally adjusted unemployment rate dropped one-tenth of a percentage point from the prior month to 3.4 percent. Approximately 53,800 Utahns were unemployed during the month and actively seeking work. The national unemployment rate decreased two-tenths of a percentage point from August to 4.2 percent.
“Utah’s labor market continues to expand, despite losing some momentum in the latter half of the year,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Employers continue to add to their payrolls, with monthly expansion averaging 43,700 thus far in 2017.”
Utah’s private sector employment grew by 2.6 percent year-over with the addition of 31,000 positions. Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in September as compared to last year, while the Natural Resources and Mining industry decreased by 500 positions and the Information industry lost 1,700 positions.
The largest private sector employment increases were in:
- Professional and Business Services (8,800 jobs)
- Trade, Transportation, and Utilities (6,400 jobs)
- Construction (4,700 jobs)
The fastest employment growth occurred in:
- Construction (5.0 percent)
- Professional and Business Services (4.3 percent)
- Other Services (4.0 percent)
Chief Economist, Carrie Mayne, breaks down September’s employment numbers in this quick video:
For more information visit our Labor Market Employment Update web pages.