January 21, 2022
UTAH’S EMPLOYMENT SUMMARY: December 2021
The following statistics are presented comparing December 2019 to December 2021
December’s seasonally-adjusted unemployment rate is estimated at 1.9%, with approximately 31,800 Utahns unemployed. Utah’s November unemployment rate is unchanged at 2.1%. The December national unemployment rate continued to decline, registering 3.9%.
“As Utah’s economy progressed through 2021, the most striking theme was dwindling labor availability,” reported Mark Knold, Chief Economist at the Department of Workforce Services. “ Each month the unemployment rate moved lower and lower, finally sinking last month into historic territory. The state’s unemployment rate is now below 2.0% for the first time ever. This is uncharted territory in terms of such a low unemployment rate and gauging how much lower it can conceivably go.”
Utah’s December private sector employment recorded a two-year expansion of 5.0%. Eight of Utah’s 10 major private-sector industry groups posted net two-year job gains, led by Trade, Transportation and Utilities (22,300 jobs); Professional and Business Services (15,200 jobs); Construction (11,500 jobs); and Manufacturing (7,900 jobs). The two industry groups with less employment than two years ago are Natural Resources and Mining (-800 jobs); and Other Services (-200 jobs).
- Additional analysis and tables at https://jobs.utah.gov/wi/
- County unemployment rates for December will post on or shortly after January 24, 2022, at https://jobs.utah.gov/wi/
- January’s employment information will be released at 7 a.m. on Wednesday, March 2, 2022.
Statistics generated by the U.S. Bureau of Labor Statistics, Washington, D.C., modeled from monthly employer (employment) and household (unemployment) surveys.
Listen to Chief Economist Mark Knold shares his analysis of the December 2021 employment report: https://soundcloud.com/