Utah’s employment for July 2017 grew by an estimated 2.9 percent, adding 41,300 jobs to the economy since July 2016. Utah’s current employment level registers 1,460,200.
July’s seasonally adjusted unemployment rate rose one-tenth of a percentage point to 3.5 percent. Approximately 54,500 Utahns were unemployed during the month and actively seeking work. The national unemployment rate decreased one-tenth of a percentage point from June to 4.3 percent.
“With more than 40,000 new jobs added since last year, Utah’s economy continues to exhibit healthy expansion,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “The unemployment rate showed a slight increase again in July, but remains near full employment.”
Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in July as compared to last year, while the Natural Resources and Mining industry decreased by 500 positions and the Information industry lost 1,800 positions.
The largest private sector employment increases were in:
- Professional and Business Services (10,700 jobs)
- Construction (6,900 jobs)
- Trade, Transportation, and Utilities (6,800 jobs)
The fastest employment growth occurred in:
- Construction (7.3 percent)
- Professional and Business Services (5.2 percent)
- Other Services (4.4 percent)
Chief Economist, Carrie Mayne, breaks down the numbers in this quick video:
For more information visit our Labor Market Employment Update web pages.