Utah’s nonfarm payroll employment for July 2018 grew by an estimated 3.9 percent, adding 57,100 jobs to the economy since July 2017. Utah’s current employment level registers 1,510,700. No revision was made to June’s year-over job growth rate.
July’s seasonally adjusted unemployment rate increased one-tenth of a percentage point from the prior month to 3.1 percent. Approximately 48,700 Utahns were unemployed during the month and actively seeking work. The national unemployment rate decreased one-tenth of a percentage point to 3.9 percent.
“Utah experienced yet another month of significant growth in the job market,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “Fueled by robust economic conditions, the state added the highest number of jobs year-over for 2018 while maintaining a notably low unemployment rate.”
Utah’s private sector employment grew by 3.9 percent year-over with the addition of 48,500 positions. Nine of the 10 private sector industry groups measured in the establishment survey posted net job increases in July, while Natural Resources and Mining lost 400 jobs year-over. The largest private sector employment increases were in Trade, Transportation, and Utilities (14,100 jobs); Education and Health Services (7,700 jobs); and Leisure and Hospitality (7,400 jobs). The fastest employment growth occurred in Trade, Transportation, and Utilities (5.1 percent); Leisure and Hospitality (5.0 percent); and Education and Health Services (4.0 percent).