Utah’s employment summary: November 2018
By Bethany Hyatt
Utah’s nonfarm payroll employment for November 2018 grew by an estimated 2.9 percent, adding 43,000 jobs to the economy since November 2017. Utah’s current employment level registers 1,542,600. October’s year-over job growth rate was revised upward one-tenth to 3.3 percent.
November’s seasonally adjusted unemployment rate remained unchanged from the prior month at 3.2 percent. Approximately 50,000 Utahns were unemployed during the month and actively seeking work. The national unemployment rate also remained unchanged from last month at 3.7 percent.
“Utah’s job growth continues to exhibit some softening as the year-over growth declines a few tenths of a percentage from prior months,” reported Carrie Mayne, chief economist at the Department of Workforce Services. “Work opportunities remain plentiful however, so the slight slowing may be due to the prolonged low unemployment rate as tight labor supply can restrain potential job growth.”
Utah’s private sector employment grew by 3 percent year-over with the addition of 37,200 positions. Eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in November, while Natural Resources and Mining lost 100 jobs year-over and the Information industry lost 400. The largest private sector employment increases were in Trade, Transportation, and Utilities (14,500 jobs); Education and Health Services (6,400 jobs); and Manufacturing (5,600 jobs). The fastest employment growth occurred in Trade, Transportation, and Utilities (5.1 percent); Manufacturing (4.3 percent); and Other Services (3.8 percent).
Statistics were generated by the U.S. Bureau of Labor Statistics, Washington, D.C., modeled from monthly employer (employment) and household (unemployment) surveys. Additional analysis and tables can be found here. County unemployment rates for November will be posted on or shortly after Dec. 24 here. December employment information will be released Jan 18, 2019 at 7 a.m.
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