- Utah's Employment Summary: June 2021
The following statistics are presented comparing June 2019 to June 2021
SALT LAKE CITY (July 16, 2021) — Utah’s nonfarm payroll employment for June 2021 increased an estimated 3.3% across the past 24 months, with the state’s economy both returning and adding a cumulative 51,300 jobs since June 2019. Utah’s current employment level stands at 1,603,500.
June’s seasonally-adjusted unemployment rate is estimated at 2.7%, with approximately 44,200 Utahns unemployed. Utah’s May unemployment rate is unchanged at 2.7%. The June national unemployment rate increased slightly to 5.9%.
“The summer months have brought a firm awakening to the Utah economy,” reported Mark Knold, Chief Economist at the Department of Workforce Services. “The two-year job growth measure increased from 2.3% in May 2021 to 3.3% in June 2021. A full percentage-point increase in essentially one month speaks to the rapid re-emergence of Utah’s economy, despite rumblings of labor shortages. The amount of job growth in the past month implies that, even with labor scarce, a decent amount of new labor has been found.”
Utah’s June private sector employment recorded a two-year expansion of 4.3%. Six of Utah’s 10 major private-sector industry groups posted net two-year job gains, led by Professional and Business Services (17,900 jobs); Trade, Transportation and Utilities (16,400 jobs); Construction (13,100 jobs); and Manufacturing (8,200 jobs). Four industry groups with less employment than two years ago are Leisure and Hospitality Services (-6,900 jobs); Other Services (-1,800); Natural Resources and Mining (-1,400 jobs); and Information (-800 jobs).
Listen to Chief Economist Mark Knold shares his analysis of the May 2021 employment report: https://soundcloud.com/
Statistics generated by the U.S. Bureau of Labor Statistics, Washington, D.C., modeled from monthly employer (employment) and household (unemployment) surveys.
###
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.