Utah's job growth less than 1 percent

Utah's job growth less than 1 percent


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) -- Utah's job growth continues to slow down as the construction industry struggles amid a nationwide housing crisis.

Employment grew .9 percent in June over the same period last year. In May, job growth was estimated at 1.3 percent.

Mark Knold, chief economist at the Utah Department of Workforce Services, says the housing industry is shedding jobs and that's having a ripple effect through the rest of the work force.

The state has added about 11,500 jobs in the past year. Utah's unemployment rate is 3.2 percent, up from 2.7 percent a year ago. Nationally, the unemployment rate is 5.5 percent.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics

KSL.com Beyond Business
KSL.com Beyond Series

KSL Weather Forecast

KSL Weather Forecast
Play button