The Department of Workforce Services reports that Utah’s seasonally adjusted unemployment rate for Utah is estimated at 3 percent. Approximately 54,300 Utahns are unemployed. Utah’s May unemployment rate is unrevised at 2.9 percent. County unemployment data has been updated with Daggett County at 4.1 percent, Duchesne County ticking up to 3.7 percent, and Uintah County ticking up to 3.8 percent. Ben Crabb, Chief Economist at the Utah Department of Workforce Services says, “Public sector hiring is now starting to cool and the unemployment rate, while low, has been slowly ticking upward. With inflation trending in the right direction, an interest rate cut later this year is not out of the question and would stimulate continued job growth in the state.” The June national unemployment rate increased one-tenth of a percentage point to 4.1 percent.
