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SALT LAKE CITY — Utah's seasonally adjusted unemployment rate registered at 3.3 percent in October, according to the state Department of Workforce Services.
About 51,600 Utahns were unemployed and actively seeking work. The national jobless rate was 4.1 percent.
The state’s nonfarm payroll employment for October grew by an estimated 2.7 percent, adding 39,400 jobs to the economy since last year. Utah’s current employment level registers at nearly 1.5 million. September’s year-over-year job growth was revised from 2.4 percent to 2.7 percent, the report stated.
Private sector employment grew by 2.9 percent from the previous year, with the addition of 34,800 positions, according to the data. Eight of the 10 private sector industry groups in the establishment survey showed net job increases in October compared with the previous year, the report noted. Among the outliers, the information industry lost 1,000 positions, while the natural resources and mining industry shed 300 positions.
Within the various growth sectors, the largest private sector employment increases were in professional and business services, which added 10,000 jobs; trade, transportation and utilities added 6,200 jobs; while education and health services increased by 5,500 positions.
“Unemployment remains low, indicating that opportunities for employment are meeting the needs of job seekers.” - Carrie Mayne, Dept. of Workforce Services
“Employment trends in Utah have moderated slightly but continue to show notable expansion,” said Carrie Mayne, Department of Workforce Services chief economist. “Unemployment remains low, indicating that opportunities for employment are meeting the needs of job seekers.”
