Utah’s unemployment rate holds steady at 3-percent; Utah ranked #1 for job growth

Utah’s June 2018 employment grew by an estimated 3.3 percent, adding 47,900 jobs to the economy since June 2017.

Utah’s current employment level registers 1,591,400. May’s year-over job growth rate was revised downward to 3.1 percent.

June’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.0 percent. Approximately 48,400 Utahns were unemployed during the month and actively seeking work. The national unemployment rate increased two tenths of a percentage point to 4.0 percent.

“The summer season is bringing new jobs to Utah’s economy,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Growth in various industries presents a multitude of career-advancing opportunities for the state’s job seekers.”

Utah’s private sector employment grew by 3.6 percent year-over with the addition of 44,200 positions. Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in June, while Natural Resources and Mining lost 300 jobs year-over and Information decreased by 500.

The largest private sector employment increases were in:

  • Trade, Transportation, and Utilities (12,100 jobs)
  • Professional and Business Services (9,100 jobs)
  • Education and Health Services (7,200 jobs)

The fastest employment growth occurred in:

  • Construction (6.2 percent)
  • Trade, Transportation, and Utilities (4.4 percent)
  • Professional and Business Services (4.4 percent)
Following the release of the June 2018 employment numbers for the state of Utah, the U.S. Bureau of Labor Statistics (BLS) data shows Utah is ranked No. 1 for total job growth in the U.S. at 3.3 percent. In addition, Utah is ranked No. 2 for private sector job growth at 3.6 percent, tied with Oregon. For unemployment, Utah is ranked No. 11 at 3.0 percent.
BLS data shows Utah rankings as follows:
(1)  Utah – 3.3 percent
(2)  Idaho – 3.0 percent
(3)  Nevada – 2.9 percent
(3)  Texas – 2.9 percent
(1)  Wyoming – 3.8 percent
(2)  Utah – 3.6 percent
(2)  Oregon – 3.6 percent
(3)  Texas – 3.4 percent
(1)  Hawaii – 2.1 percent
(2)  North Dakota – 2.6 percent
(3)  Iowa – 2.7 percent
(3)  New Hampshire – 2.7 percent
(3)  Colorado – 2.7 percent
(11)  Utah – 3.0 percent