Workforce Wednesday: Utah Economy Now Third Most Diverse

Utah’s economy gets a lot of attention from various metrics that continue to outperform much of the nation. Today we’re highlighting another, lesser known metric: the Hachman Index. Workforce Services economist Cory Stahle takes a look at Utah’s economic diversity in our labor market blog, and has some good news:

“In a previous blog, we looked at how Utah compared to other states in terms of industrial diversity (as measured by employment). Using 2012 annual data, Utah ranked fourth in industrial diversity. We have recalculated it with 2014 data, and Utah’s Hachman Index is now third in the nation, behind North Carolina and Missouri.”

In short: Utah now has the third most diverse economy in the nation. Click here to read more.

*Every Wednesday, Workforce Services takes a special look at issues or initiatives that affect Utah's workforce. Hop on Twitter to follow the latest innovations that help Utahns take their careers to the next level: #WorkforceWednesday

Utah's Employment Summary: August 2015

Wrapping up the summer months, Utah’s employment for August 2015 grew by an estimated 4.0 percent, adding 52,800 jobs to the economy as compared to August 2014. Utah’s current employment level registers 1,378,300.

August’s seasonally adjusted unemployment rate rose one-tenth of a percent from last month to 3.7 percent. Approximately 53,600 Utahns were unemployed in the month and actively seeking work. The August national unemployment rate dropped two-tenths of a percent from July to 5.1 percent.More...