Employment Numbers in Utah | June 2021
The state of Utah an unemployment rate of 2.7% ranking well below the national rate which dropped to 5.9%. Utah currently boasts the second lowest unemployment rate in the nation, behind Nebraska, and ahead of New Hampshire, and South Dakota.
Utah also reported a positive 3.3% job growth rate (compared to June of 2020) on par with the national job growth rate of 3.4%.
“The two-year job growth measure increased from 2.3% in May 2021 to 3.3% in June 2021,” says Mark Knold, Senior Economist at the Department of Workforce Services. “A full percentage-point increase in essentially one month speaks to the rapid re-emergence of Utah’s economy, despite rumblings of labor shortages”
You can listen to Knold’s breawdown on the latest employment numbers, here:
How Utah’s Employment Numbers Impact the Staffing Industry
“Labor doesn’t respond as quickly as the jobs postings appear,” says Knold. But “the robust job growth of June implies that a good chunk of the labor supply is making some sort of a response.”
The good news is people are coming back to work. There has been a strong recent increase in the labor force participation rate which shows people are definitely warming up to participating in the job market and returning to looking for work. About 10,000 people have re-entered the work force since March.
Expectations are Utah will return to a full-employment situation sometime in 2022.
YES has seen an uptick in labor supply in recent weeks. Our efforts to match employers and jobseekers have increased. As such, Your Employment Solutions (YES) is positioned as the go-to staffing agency to help employers find the right people for the jobs they need to fill in Utah’s newly awakened and vibrant economy.
“Its a good time to look for a job,” notes Knold. “And an equally good time to look for a better job.”
To work with Your Employment Solutions, please visit our Request an Employee page.
To see our current available Utah jobs please visit youremploymentsolutions.com/jobs
Cheers to Utah Jobs!
Director of Marketing
Your Employment Solutions
“I help connect Utah jobseekers to Utah jobs.”