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Despite pandemic, Utah’s job market continues to improve

r m
Posted at 7:43 AM, Dec 18, 2020
and last updated 2020-12-18 09:43:15-05

SALT LAKE CITY — Despite the coronavirus pandemic, Utah’s seasonally-adjusted unemployment rate is estimated at 4.3% the Department of Workforce Services reported Friday.

That’s up slightly from October’s 4.1% jobless rate.

The national unemployment rate for November is 6.7%, better than October’s rate of 6.9%.

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The Utah job market has contracted by an estimated 0.2% across the past twelve months, with 2,800 fewer jobs than in the pre-pandemic days of November 2019. Utah’s current employment level stands at 1,590,100.

“Utah’s job market continues to incrementally improve with thousands of job openings in multiple industries,” reported Mark Knold, Chief Economist at the Department of Workforce Services. “Utah’s economy has shown itself to be one of the nation’s best in re-employing workers. While the pace of job improvement has slowed in the last few months, we anticipate continued job gains amidst this moderating trend as the economy moves through the winter months.”

READ: Park City economy recovering from COVID-19 shut downs

Half of Utah’s ten private-sector major industry groups posted net year-over job gains.

These are:

  • Trade, Transportation and Utilities (10,700 jobs)
  • Construction (5,200 jobs)
  • Financial Activities (4,000 jobs)
  • Manufacturing (3,700 jobs)
  • Other Services (2,200 jobs)

Five industry groups remain with year-over employment declines, including:

  • Leisure and Hospitality Services (-19,300 jobs)
  • Professional and Business Services (-2,200 jobs)
  • Information (-2,200 jobs)
  • Education and Health Services (-1,800 jobs)
  • Mining (-1,200 jobs)