Utah posted the highest job growth rate in the nation for total and private job growth for the seventh consecutive month. According to new data recently released, Utah posted private job sector growth at 4.6 percent and total sector job growth at 4.0 percent.
“Utah’s diverse economy continues to lead the nation,” Gov. Herbert said. “In fact, our state’s strong private sector job growth is twice the national average and a full percentage point higher than the state in second place.”
Here is how Utah compares with the rest of the nation:
Utah ranked first in the nation for year-over private sector job growth at 4.6 percent. Washington ranked second at 3.6 percent, followed by Florida at 3.6 percent and Oregon at 3.5 percent.
Utah ranked first in the nation for year-over total job growth at 4.0 percent. Oregon ranked second at 3.5 percent, Washington at 3.3. percent, followed by Florida at 3.1 percent.
Utah had the sixth lowest unemployment rate in the nation at 3.7 percent.
Utah’s unemployment rate of 3.7 percent for the month of August was well below the national rate of 5.1 percent. While the Utah unemployment rate increased by a tenth of a percentage point last month, it was accompanied by year-over labor force growth of 2.5 percent. Nine out of ten private sector industry groups posted net job increases.