Utah’s unemployment rate hit an all-time low in December

20200126 Jobs Report

Utah’s nonfarm payroll employment for December 2019 grew by an estimated 3.3%, adding 50,400 jobs to the economy since December 2018. Utah’s current employment level registers 1,599,500. November’s year-over job growth is revised upward two-tenths of a percentage point to 3.5%. 

December’s seasonally-adjusted unemployment rate lowered one-tenth of a percentage point to 2.3%. This becomes Utah’s lowest recorded unemployment rate. Approximately 37,900 Utahns were unemployed and actively seeking work during December. The national unemployment rate remained unchanged at 3.5%. 

“Utah culminates 2019 with a resilient and convincing employment picture,” reported Mark Knold, Chief Economist at the Department of Workforce Services. “The economy continues adding to multiple years of robust job creation. This dynamic has carried Utah to its lowest recorded unemployment rate. The job market is humming along at a feverish pace and is absorbing as much labor as possible.” 
Utah’s private sector employment grew by 3.6% year-over with the addition of 46,700 positions. Nine of the 10 private sector major industry groups measured in the establishment survey posted net job increases in December, with only the Other Services group adding no net jobs. The largest private sector employment increases were in Education and Health Services 
(12,400 jobs); Construction (9,700 jobs) and Professional and Business Services (7,500 jobs). The fastest employment growth occurred in Construction (9.5%); Education and Health Services (6.0%); and Leisure and Hospitality Services (3.8%).