Utah top in country for job growth, report says

JOB GROWTH- SALT LAKE CITY — The Beehive State ranked first in overall and private sector job growth for the month of March, according to the Utah Department of Workforce Services.

Utah’s growth rate of 3.1 percent was the highest in the nation, just above Idaho and Washington state, the report says. Additionally, Utah experienced the highest private sector job growth at 3.7 percent from the same period last year— adding 44,100 new positions.

The seasonally adjusted unemployment rate remained unchanged from the prior month at 3.1 percent. The national jobless rate also held steady at 4.1 percent. Approximately 48,500 Utahns were unemployed and actively seeking work, the report states.

The state’s non-farm payroll employment for March 2018 grew by an estimated 3.3 percent, adding 48,000 jobs to the economy year over year. The report shows that 1,501,800 Utahns were registered as gainfully employed.

“The addition of 48,000 jobs to our workforce shows the strength and staying power of Utah’s economy,” said Carrie Mayne, the department’s chief economist. “Holding our unemployment count under 50,000 is evidence of the alignment between our employers’ needs and the skills of our workforce.”

Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in March, while the natural resources and mining group lost 100 jobs and the Other Services group lost 200 jobs.

The largest private sector employment increases occurred in trade, transportation and utilities, which added new 11,400 jobs, while leisure and hospitality brought on 7,200 new positions. The education and health services group, along with the professional and business services group added 7,000 new jobs each. Meanwhile, the fastest employment growth occurred in the construction group, along with leisure and hospitality each climbing 5 percent; with trade, transportation and utilities increasing 4.2 percent.

Total job growth

1. Utah – 3.3 percent

2. Idaho – 3.1 percent

3. Washington – 2.9 percent

Private sector job growth

1. Utah – 3.7 percent

1. Oregon – 3.7 percent (tie)

3. Idaho – 3.1 percent

3. Washington – 3.1 percent (tie)

Unemployment rate

1. Hawaii – 2.1 percent

2. New Hampshire – 2.6 percent

2. North Dakota – 2.6 percent (tie)

4. Maine – 2.7 percent

5. Iowa – 2.8 percent

5. Nebraska – 2.8 percent

5. Vermont – 2.8 percent (tie)

8. Idaho – 2.9 percent

8. Wisconsin – 2.9 percent (tie)

10. Colorado – 3 percent

11. Utah – 3.1 percent

Source: DWS, U.S. Bureau of Labor Statistics

Related Content

 

SEARCH ALL UTAH Homes

Linda Secrist #1 Sales Team

Linda Secrist & Associates is the top selling team in luxury homes in the SLC Market. They have received countless awards over the past 20 years, including “Sales Team of The Year” for over 10 years including 2017! Linda Secrist is #54 in the top 100 Agents in the World in luxury residential real estate. If you’re searching for homes in Sandy, Salt Lake, Cottonwood Heights, Millcreek, Draper, South Jordan, Bountiful, Centerville, Farmington or anywhere in northern Utah, Linda Secrist & Associates are the real estate agents to call. If you’re buying or selling a home, don’t hesitate to text or call us at 801-455-9999!

 

#mcm #wcw #utahhomesforsale #openhouse #homebuying #utahluxuryhomes #buyahome #homebuyer #utahrealestate #utahrealtor #no1realestateagent #homesforsaleinutah #bestrealtor #skiutah #utahlistings #mlslistings #skiutah #funthingstodoinutah #relocatetoutah #thegreatestsnowonearth #utahskiresorts #worldclassskiresorts #utaheconomy #utahinvestments #stagingyourhome #villasatdimpledell #searchutahhomes #luxuryhomesforsaleinutah #mainfloormaster #homesforsaleinsandyUT #homesforsaleinpepperwood #searchutahhomes #slcvacations #slcdestinations #utahhousingmarket #slchousingmarket #hometrends #luxuryhomes #modernhomes #openfloorplans #relocate #relocation