Utah’s nonfarm payroll employment has grown by 3.3 percent over the last 12 months. According to the Division of Workforce Services, 47,500 jobs were added to the economy since February 2016. The unemployment rate held steady from the month before at 3.1 percent while nationally the unemployment rate ticked slightly down one-tenth of a percent to 4.7 percent. “Utah’s monthly labor market indicators continue to show the economy operating at or near full employment,” shares Chief Economist Carrie Mayne. “For the first two months of 2017, the state had fewer unemployed persons than the 2016 monthly average of 51,800.” Net job increases were seen across 8 of the 10 private sector industry groups in the state. The Natural Resources and Mining Industry decreased by 800 positions and the Information Industry decreased by 600 positions.
