Employment Numbers in Utah | December 2021
The Utah Department of Work Force Services releases data on current jobs and unemployment for the state on a monthly basis. Here is the latest employment data for the month of December 2021.
The state of Utah reported an astoundingly low unemployment rate of 1.9% ranking well below the national rate which dropped to 3.9%. Utah’s unemployment rate remains second in the nation, behind Nebraska, and ahead of Idaho and Montana.
Utah also reported a positive 3.7% job growth rate (compared to December of 2020) in contrast to the national job growth rate at -1.8%.
“The state’s unemployment rate is now below 2.0% for the first time ever,” says Mark Knold, Senior Economist at the Department of Workforce Services. “This is uncharted territory in terms of such a low unemployment rate and gauging how much lower it can conceivably go.”
You can listen to Knold’s breawdown on the latest employment numbers, here:
How Utah’s Employment Numbers Impact the Staffing Industry
“Employment growth is strong and Utah leads the nation across the two years of the pandemic,” says Knold.
While 2021 was a high-growth year for jobs added, the unemployment rate is the larger story. The Utah labor market is restricted at best, as more workers have returned to the labor market bringing the labor force participation rate close to pre-pandemic levels. Job growth, driven largely by the private sector, has outpaced the available labor pools accounting for the shortages.
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