Utah’s unemployment rate held steady in August at 2.8 percent

Economy 04

Utah’s nonfarm payroll employment for July 2019 grew by an estimated 3.6 percent, adding 54,400 jobs to the economy since July 2018. Utah’s current employment level registers 1,558,100. June’s year-over job growth rate is unrevised at 2.9 percent. 

July’s seasonally-adjusted unemployment rate held at 2.8 percent for a second month. Approximately 45,400 Utahns were unemployed and actively seeking work during July. The national unemployment rate held steady at 3.7 percent.

“Utah’s stellar economic performance continues,” reported Mark Knold, Senior Economist at the Department of Workforce Services. “Job growth remains strong while the unemployment rate is low. Jobs are plentiful and expanding job growth implies employers are resourceful in attaining a sufficient labor supply even in this low unemployment environment.” 
Utah’s private sector employment grew by 4.0 percent year-over with the addition of 50,900 positions. All 10 of the private sector industry groups measured in the establishment survey posted net job increases in July. The largest private sector employment increases were in Education and Health Services (12,300 jobs); Professional and Business Services (11,800 jobs); and Manufacturing (6,600 jobs). The fastest employment growth occurred in Information (6.4 percent); Education and Health Services (6.3 percent); and Construction (6.0 percent).