August labor report shows Utah economy continues to add new jobs

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SALT LAKE CITY — Utah’s nonfarm payroll employment for August 2018 grew by an estimated 3.7 percent, adding 54,700 jobs to the economy since August 2017. Utah’s current employment level registers 1,517,800. July’s year-over job growth rate was revised upward one-tenth to 4.0 percent.

August’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.1 percent. Approximately 49,800 Utahns were unemployed during the month and actively seeking work. The national unemployment rate also remained unchanged from the prior month at 3.9 percent.

“Utah’s labor market continues to perform at an optimal level with the addition of almost 55,000 jobs over the last year,” reported Carrie Mayne, Chief Economist at the Department of Workforce Services. “The state’s labor force continues to grow and is quickly absorbed into the employment rolls by Utah’s expanding businesses.”

Utah’s private sector employment grew by 3.9 percent year-over with the addition of 47,600 positions. Nine of the 10 private sector industry groups measured in the establishment survey posted net job increases in August, while Natural Resources and Mining lost 200 jobs year-over. The largest private sector employment increases were in Trade, Transportation, and Utilities (13,700 jobs); Education and Health Services (7,200 jobs); and Leisure and Hospitality (7,100 jobs). The fastest employment growth occurred in Trade, Transportation, and Utilities (4.9 percent); Leisure and Hospitality (4.8 percent); and Manufacturing (4.4 percent).

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.