Utah’s nonfarm payroll employment for March 2019 grew by an estimated 3.0 percent, adding 45,100 jobs to the economy since March 2018.
Utah’s current employment level registers 1,546,300. February’s year-over job growth rate of 2.8 percent was revised up to 2.9 percent. Utah’s nonfarm payroll employment for March 2019 grew by an estimated 3.0 percent, adding 45,100 jobs to the economy since March 2018. Utah’s current employment level registers 1,546,300. February’s year-over job growth rate of 2.8 percent was revised up to 2.9 percent. March’s seasonally adjusted unemployment rate of 3.0 percent is unchanged from February and marks the lowest rate in Utah since early 2008. Approximately 47,200 Utahns were unemployed and actively seeking work during the month. The national unemployment rate remained unchanged from the prior month at 3.8 percent.
“Utah has led the nation in its rate of job growth during the nearly 10 years since the Great Recession,” reported Mark Knold, Senior Economist at the Department of Workforce Services. “The current 3.0 percent growth continues that trend and there is little on the immediate horizon to suggest it will soon change.” “Utah has led the nation in its rate of job growth during the nearly 10 years since the Great Recession,” reported Mark Knold, Senior Economist at the Department of Workforce Services. “The current 3.0 percent growth continues that trend and there is little on the immediate horizon to suggest it will soon change.” Utah’s private sector employment grew by 3.2 percent year-over with the addition of 40,600 positions. Nine of the 10 private sector industry groups measured in the establishment survey posted net job increases in March. Other Services contracted by 200 jobs. The largest private sector employment increases were in Leisure and Hospitality (8,900 jobs); Trade, Transportation, and Utilities (8,600 jobs); and Education and Health Services (6,000 jobs). The fastest employment growth occurred in Information (6.7 percent); Leisure and Hospitality (6.0 percent); and Natural Resources (4.3 percent).
