Utah Jobs Report

As a whole, Utah’s economy continues to grow. According to new data from the Department of Workforce Services, Utah’s employment for June 2016 grew by about 3.5 percent, adding 48,500 jobs to the economy from one year previous. While continued growth is indicated, the unemployment rate for the state actually increased by two-tenths of a percent from the month before to 4.0 percent. The national unemployment rate also increased by two-tenths of a percent to 4.9 percent. “Utah’s economy exhibits all the signs of robust growth and tightening labor markets,” shares Chief Economist Carrie Mayne. “Job seekers are responding to business demand by entering the market and searching for work, nudging up the unemployment rate in the midst of an expansion.” County unemployment rates are due out later this week.