Utah’s nonfarm payroll employment for March 2018 grew by an estimated 3.3 percent, adding 48,000 jobs to the economy since March 2017.
Utah’s current employment level registers 1,501,800. No revisions were made to February’s year-over job growth rate.
March’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.1 percent. Approximately 48,500 Utahns were unemployed during the month and actively seeking work. The national unemployment rate remained unchanged from February at 4.1 percent.
“The addition of 48,000 jobs to our workforce shows the strength and staying power of Utah’s economy,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Holding our unemployment count under 50,000 is evidence of the alignment between our employers’ needs and the skills of our workforce.”
Utah’s private sector employment grew by 3.7 percent year-over with the addition of 44,100 positions. Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in March, while Natural Resources and Mining lost 100 jobs and Other Services lost 200 jobs. The largest private sector employment increases were in Trade, Transportation, and Utilities (11,400 jobs); Leisure and Hospitality (7,200 jobs); Education and Health Services (7,000 jobs); and Professional and Business Services (7,000 jobs). The fastest employment growth occurred in Construction (5.0 percent); Leisure and Hospitality (5.0 percent); and Trade, Transportation, and Utilities (4.2 percent).
* Additional analysis and tables https://jobs.utah.gov/wi/update/index.html
* County unemployment rates for March will be posted on or shortly after April 23, 2018, at https://jobs.utah.gov/wi/update/une/season.pdf
