Utah Unemployment Lowest in More than 5 Years
Published on March 07, 2014 at 12:12PM
Utah’s unemployment rate in January hit a five-year low, falling to 3.9 percent as the state economy picked up speed and is on track for continued strong growth in 2014. Gov. Gary Herbert said the new numbers are great news for Utah.
Unemployment in Utah fell from 4.1 percent in December to 3.9 percent in January, according to new figures released Friday by the Department of Workforce Services. That is far below the national rate of 6.6 percent and the lowest unemployment rate recorded in Utah since November 2008. Herbert said the numbers are “especially encouraging because much of the decline in unemployment is due to Utahns getting jobs, rather than dropping out and abandoning the search.”
Utah’s job growth in January was a healthy 2.8 percent, which represents an increase of 34,700 jobs over the past 12 months. Nine of Utah’s 10 private sector industries added jobs over the past year, with the largest increases coming in Leisure and Hospitality, Trade, Transportation and Utilities, and Professional and Business Services.