Utah’s unemployment rate grows to 3.6 percent

20200419 Utah Job Numbers

Utah’s nonfarm payroll employment for March 2020 grew by an estimated 2.6%, adding 40,400 jobs to the economy since March 2019. Utah’s current employment level registers 1,583,000. February’s year-over job growth has been revised down to 2.8%. 

March’s seasonally-adjusted unemployment rate is estimated at 3.6%. Approximately 57,900 Utahns were unemployed and actively seeking work during March. The national unemployment rate rose to 4.4%. 

NOTE: The U.S. Bureau of Labor Statistics (BLS) bases its monthly employment and unemployment measures on only one week within each month — the week that includes the 12th day. The March 2020 measures were undertaken prior to the social distancing mandate and largely reflects beginning of March employment. 

“The indicators in the March employment release depict a mix of a robust economic environment and Utah’s early experience with the adverse effects of coronavirus,” reported Mark Knold, Chief Economist at the Department of Workforce Services. “The impact of COVID-19 is evident in many of Utah’s industrial sectors as we monitor initial unemployment insurance claims and current job openings.” 

In the weeks following the BLS measures for March 2020, workers from all major industry sectors filed unemployment insurance claims. Industries with significant filings include Leisure and Hospitality, Healthcare, Retail Trade, and Administrative Support. Industries the least impacted include Education, Finance and Government Administration.