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Utah jobless rate at 3.4%

Utah jobless rate at 3.4%

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SALT LAKE CITY — The state's unemployment rate rose two-tenths of a percentage point in June to register at 3.4 percent.

The Utah Department of Workforce Services Friday reported that approximately 53,400 Utahns were unemployed during the month and actively seeking work.

Nationwide, the U.S. unemployment rate ticked up one-tenth of a percentage point from May to register at 4.4 percent.

Nonfarm payroll employment in the Beehive State for June 2017 grew by an estimated 3.4 percent, the department reported, adding 49,200 jobs to the economy since June 2016. Data indicates that 1,477,700 Utahns are currently gainfully employed.

“Utah’s economy remains on solid footing, with nearly 50,000 new jobs added,” said the department's chief economist, Carrie Mayne. “While the unemployment rate showed a slight uptick, the expansionary trend in jobs means today’s job seeker will likely become tomorrow’s jobholder.”

The report says eight of the 10 private sector industry groups measured in the establishment survey posted net job increases in the last month compared to the same period last year. The natural resources and mining industry shed 500 positions and the information industry lost 400 positions.

Data showed that the largest year-over-year private sector employment improvement was in professional and business services — which added 10,700 jobs; with trade, transportation and utilities adding 10,000 new positions; and construction adding 7,400 workers.

Meanwhile, the fastest annualized employment growth occurred in construction — up 7.9 percent, professional and business services — climbing 5.3 percent and other services — rising 4 percent.

Editor's note: The content of this article was taken from a press release sent out by the Utah Department of Workforce Services. This is not information gathered by KSL.com reporters.

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