December 2017 employment in Utah grew by an estimated 2.7 percent, adding 38,800 jobs to the economy since December 2016. Utah’s current employment level registers 1,497,600. November’s year-over job growth was revised from 2.9 percent to 2.8 percent.
December’s seasonally adjusted unemployment rate dropped one-tenth of a percentage point from the prior month to 3.1 percent. Approximately 49,700 Utahns were unemployed during the month and actively seeking work. The national unemployment rate remained unchanged from November at 4.1 percent.
“With a full picture of 2017, Utah’s economic performance compared favorably to the rest of the United States,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Utah’s labor market experienced a solid year of steady, sustainable expansion with job growth averaging 3.1 percent and unemployment at 3.5 percent.”
Utah’s private sector employment grew by 2.8 percent year-over with the addition of 33,500 positions. Seven of the 10 private sector industry groups measured in the establishment survey posted net job increases in December as compared to last year; Natural Resources and Mining decreased by 500 positions, Information lost 100 positions, and Financial Activities employment remained unchanged from one year ago.
The largest private sector employment increases were in:
- Leisure and Hospitality (8,300 jobs)
- Construction (6,300 jobs)
- Education and Health Services (6,300 jobs)
The fastest employment growth occurred in:
- Construction (6.9 percent)
- Leisure and Hospitality (6.0 percent)
- Other Services (3.5 percent)
Chief Economist Carrie Mayne shares her analysis of December’s employment report in this quick video:
For more information visit our Labor Market Employment Update web pages.