Utah’s December seasonally adjusted unemployment rate is estimated at 2.8 percent.
Approximately 50,900 Utahns are unemployed. Utah’s November unemployment rate is
unrevised at 2.8 percent. The December national unemployment rate is unchanged at 3.7
percent. Unemployment by county shows that Daggett County remained the same as the
month before at 3.9 percent and Duchesne County also remained the same as the month
before at 3.1 percent. Uintah County ticked down from 3.4 to 3.3 percent. “Utah ends the
year with continued job growth, but at a slowing pace from the high-tempo growth seen
in the wake of the COVID-19 pandemic,” shares Mark Knold, Chief Economist at the
Department of Workforce Services. “Utah’s extremely low unemployment rates may
finally be weighing upon the economy. When labor is in short supply, an economy may
not be able to expand at a pace equal to its full potential. We believe Utah’s slowing job
growth is based upon a labor restriction, and not upon any business weakening or
economic malfunctions.”
