New data is out from the Department of Workforce Services showing that Utah’s economy remains strong. The nonfarm payroll employment for October 2017 grew by an estimated 2.7 percent, adding 39,400 jobs to the economy since October 2016, bringing employment levels in the state to 1,492,600. The state unemployment continues to slowly drop with October’s rate landing at 3.3 percent, down one-tenth of a percent from September. National unemployment also decreased by one-tenth of a percent to 4.1 percent. “Employment trends in Utah have moderated slightly but continue to show notable expansion,” shares DWS Chief Economist Carrie Mayne. “Unemployment remains low, indicating that opportunities for employment are meeting the needs of job seekers.” Updated unemployment rates by county will be released this week.
