Despite ‘conflicting forces’, Utah’s economy continues to grow – St George News
Utah Department of Workforce Services Office File Photo, St. George, Utah, December 7, 2020 | Photo by David Dudley, St. George News
ST. GEORGE- Utah’s non-farm payroll employment for November 2021 increased about 3.6% over the past 24 months, with the state’s economy adding 57,900 cumulative jobs since November 2019, according to a news release. released Friday by the Utah Department of Workforce Services.
Utah’s current employment level stands at 1,646,900, the release said. November’s seasonally adjusted unemployment rate is estimated at 2.1%, with about 34,500 unemployed in Utah. Utah’s October unemployment rate is unchanged at 2.2%. The national unemployment rate for November continued to decline, standing at 4.2%.
“As the supply of available labor continues to shrink, Utah’s economy continues to grow,” Mark Knold, chief economist at the Department of Workforce Services, said in the release.
“It seems like conflicting forces, but Utah’s economy continues to grow,” he added. “Utah leads the nation in job growth. Our economy cannot grow like this if it cannot find the labor it needs. So far, this challenge has been met.
Utah’s private sector employment in November recorded a two-year expansion of 4.7%. Eight of Utah’s top 10 private sector industry groups posted two-year net job gains, led by trade, transportation and utilities (21,100 jobs); professional and business services (16,800 jobs); construction (9,400 jobs); and manufacturing (8,300 jobs).
The two industry groups with fewer jobs than two years ago are recreation and hospitality services (-1,600 jobs); and natural resources and mining (-900 jobs).
Statistics generated by the United States Bureau of Labor Statistics, Washington, DC, modeled from monthly surveys of employers (employment) and households (unemployment).
To listen to Knold share his analysis of the November 2021 jobs report, click here.
- Analyzes and tables on this website.
- The county unemployment rates for November will be released Monday or soon after online.
- December employment information will be released at 7 a.m. on Friday, January 21, 2022.
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