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Utah's Employment Summary: October 2016



Employment in Utah for October 2016 grew by an estimated 3.0 percent, adding 41,900 jobs to the economy since October 2015. Utah’s current employment level registers 1,443,700.


October’s seasonally adjusted unemployment rate declined two-tenths from September to 3.2 percent. Approximately 48,600 Utahns were unemployed in the month and actively seeking work. The national unemployment rate dropped one tenth of a percentage point from September to 4.9 percent.


“The creation of more than 40,000 jobs in Utah’s economy is an excellent way for the state to transition into the winter economy,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “In addition, the state continues to operate at a low level of unemployment, signaling the potential for sustained growth well into 2017.”


Nine of the 10 private sector industry groups measured in the establishment survey posted net job increases in October as compared to last year, while the Natural Resources and Mining industry decreased by 1,200 positions.


The largest private sector employment increases were in:

  • Trade, Transportation and Utilities (9,500 jobs)
  • Education and Health Services (8,400 jobs)
  • Financial Activities (6,900 jobs)


The fastest employment growth occurred in:

  • Financial Activities (8.5 percent)
  • Education and Health Services (4.5 percent)
  • Other Services (4.3 percent)


For more information visit our Labor Market Employment Update web pages.


Following the release of the October 2016 job numbers for the State of Utah, the U.S. Bureau of Labor Statistics (BLS) data shows Utah having the fourth highest job growth in the nation at 3.0 percent.


BLS data shows Utah rankings as follows:

  • No. 4 for job growth at 3.0 percent

  • Tied for No. 1 for private sector job growth at 3.4 percent

  • Tied for No. 4 for unemployment rate at 3.2 percent


TOTAL JOB GROWTH

(1) Oregon - 3.4 percent

(1) Washington - 3.4 percent

(3) Florida - 3.2 percent

(4) Utah - 3.0 percent

​(5) Colorado - 2.5 percent


PRIVATE SECTOR JOB GROWTH

(1)​ Florida - 3.4 percent

(1) Utah - 3.4 percent

(1) Washington - 3.4 percent

(1) Oregon - 3.4 percent

(5) New Hampshire - 2.8 percent


UNEMPLOYMEMT

(1) New Hampshire - 2.8 percent

(1) South Dakota - 2.8 percent

(3) North Dakota - 3.0 percent

(4) Hawaii - 3.2 percent

(4) Utah - 3.2 percent


*Source: http://www.bls.gov/news.release/laus.toc.htm