Estimated read time: 1-2 minutes
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 Information in the story may be outdated or superseded by additional information.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.
This is one of those Labor Day holidays when those who have jobs are grateful they do, and those who don't - and there are many - wish they did. It is, without doubt, a challenging time for America's vast workforce.
Indeed, as the nation pauses to commemorate the contributions of working men and women this Labor Day, it is sobering to realize how many people actually are out of work. The national unemployment rate is approaching ten-percent.
Fortunately, Utah is faring better than other states. Here the unemployment rate is six-percent. That translates to more than 40,000 jobs lost in Utah in the past year. For comparison, and to illustrate how quickly the economy deteriorated, just two-and-a-half years ago, Utah's unemployment rate was at an historic low of 2.4 percent.
As dire as current conditions may be, it is positive to note that economists see an end to the recession and a return to modest economic growth by the end of the year. And while Utah has been unable to escape the grip of the downturn, the state seems poised to recover more quickly than others across the nation.
We can all hope so. Society is much the better when jobs are plentiful and people have productive work to do.