Utah's Employment Summary: October 2018



Utah’s employment for October 2018 grew by an estimated 3.2 percent, adding 48,300 jobs to the economy since October 2017. Utah’s current employment level registers 1,539,200. September’s year-over job growth rate was revised downward three-tenths to 3.3 percent.


October’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.2 percent. Approximately 50,000 Utahns were unemployed during the month and actively seeking work. The national unemployment rate also remained unchanged from last month at 3.7 percent.


“Utah’s job growth exhibits some softening yet still registers above the state’s long run average,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Unemployment remains low, indicating that job seekers continue to find work opportunities.”


Utah’s private sector employment grew by 3.4 percent year-over with the addition of 42,100 positions. Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in October, while Natural Resources and Mining lost 100 jobs year over and the Information industry lost 700.


The largest private sector employment increases were in:

  • Trade, Transportation, and Utilities (12,000 jobs)
  • Education and Health Services (7,800 jobs)
  • Manufacturing (6,100 jobs)


The fastest employment growth occurred in:

  • Manufacturing (4.7 percent)
  • Trade, Transportation, and Utilities (4.3 percent)
  • Financial Activities (4.2 percent)


Chief Economist Carrie Mayne breaks down the details of the October employment report in this quick video:



For more information visit our Labor Market Employment Update web pages.



SALT LAKE CITY (Nov. 16, 2018) — Following the release of the October 2018 employment numbers for the state of Utah, the U.S. Bureau of Labor Statistics (BLS) data shows Utah is ranked No. 3 for total job growth in the U.S. at 3.2 percent. In addition, Utah is ranked No. 4 for private sector job growth at 3.4 percent. For unemployment, Utah is ranked No. 13 at 3.2 percent.


BLS data shows Utah rankings as follows:


TOTAL JOB GROWTH

(1)  Nevada – 3.4 percent

(2)  Washington – 3.3 percent

(3)  Utah – 3.2 percent


PRIVATE SECTOR JOB GROWTH

(1)  Nevada, Texas, Oregon, Washington – 3.7 percent

(2)  Arizona – 3.6 percent

(3)  New Mexico – 3.5 percent

(4)  Utah – 3.4 percent


UNEMPLOYMENT RATE

(1)  Hawaii – 2.3 percent

(2)  Iowa – 2.4 percent

(3)  New Hampshire – 2.6 percent

(4)  Idaho – 2.7 percent

(5)  Minnesota – 2.8 percent

(5)  Nebraska – 2.8 percent

(5)  North Dakota – 2.8 percent

(5)  Vermont – 2.8 percent

(9)  Virginia – 2.9 percent

(10)  South Dakota – 3.0 percent

(10)  Wisconsin – 3.0 percent

(12)  Missouri – 3.1 percent

(13)  Colorado – 3.2 percent

(13)  Utah – 3.2 percent


*Source: http://www.bls.gov/news.release/laus.toc.htm