Employment Numbers in Utah | April 2022
Utah reported a seasonally-adjusted unemployment rate of 1.9% ranking significantly below the national rate which remained at 3.6%. Utah’s unemployment rate is the lowest in the nation and the lowest the state has ever seen.
The state of Utah also reported a job growth rate of 3.9% compared to April of 2021. The national job growth rate also remained at 4.6%.
“The Utah economy continues on its expansionary path,” says Mark Knold, Senior Economist at the Department of Workforce Services. “At 1.9%, the question now turns to how low can the unemployment rate go?”
You can listen to Knold’s breakdown on Utah’s April employment numbers, here:
How Utah’s Labor Numbers Impact the Staffing Industry
“Readily available labor is a precious commodity right now,” says Knold. “Over the past 3 years, the Utah economy has added 108,000 new jobs.”
Manufacturing jobs have grown by 10% over the last 3 years where most states have seen decline in that same area due to the exodus of the baby boomer generation. As noted last month, Utah has a young labor force that has helped shield it from the nationwide shortage of labor.
Young workers graduating from High School are sufficient in Utah to keep the labor force cycling for the next 20 years. Competition for young workers will only continue to increase. As such, Utah businesses lacking labor would do well to explore strategies that better attract young workers entering the labor force for the first time.
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Cheers to Utah Jobs!
Director of Marketing
Your Employment Solutions
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