Utah’s unemployment rate has dropped to an unprecedented low of 1.9 percent. That's the lowest it has ever been.
According to the new report released Friday morning, approximately 31,800 people statewide are considered unemployed by the department of workforce services.“As Utah’s economy progressed through 2021, the most striking theme was dwindling labor availability,” said Mark Knold, Chief Economist at the Department of Workforce Services. “Each month the unemployment rate moved lower and lower, finally sinking last month into historic territory. The state’s unemployment rate is now below 2.
Utah's economy overall has not been affected by the pandemic, seeing gains month-after-month while other states recorded losses. The biggest job gains have been in the industries of Trade, Transportation and Utilities ; Professional and Business Services ; Construction ; and Manufacturing .
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