By Michael Jeanfreau, Regional Economist

What is the Great Resignation?

Through almost half of 2021 (1), a record number of Americans quit their jobs. This mass movement of workers has been called “The Great Resignation.” Anthony Klotz, an associate professor of management at Texas A&M University, originally used the term in an article when he predicted the exits back in May 2021 (2). After more than a year of uncertainty, rapid changes in the work environment and adjustments to new social norms caused Klotz to speculate that there were “pent-up resignations that didn’t happen over the past year,” and that there would be a reckoning later in the year. More...

(April 15, 2022) Utah’s nonfarm payroll employment for March 2022 increased an estimated 4.0% across the past 12 months, with the state’s economy adding a cumulative 62,900 jobs since March 2021. Utah’s current job count stands at 1,650,800.

March’s seasonally-adjusted unemployment rate is estimated at 2.0%, with approximately 33,400 Utahns unemployed. February’s unemployment rate remains unrevised at 2.1%. The March national unemployment rate continued to move downward, lowering to 3.6%. More...

(March 2, 2022) Utah’s nonfarm payroll employment for January 2022 increased an estimated 4.1% across the past 12 months, with the state’s economy adding a cumulative 63,500 jobs since January 2020. Utah’s current jobs count stands at 1,628,200.