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Utah unemployment rate cut in half in two months

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Posted at 9:37 AM, Jul 17, 2020
and last updated 2020-07-17 11:37:47-04

SALT LAKE CITY — Utah’s nonfarm payroll employment for June 2020 contracted by an estimated 2.8 percent, with 43,100 jobs sidelined compared to the June 2019 employment. Utah’s current employment level registers 1,515,200. Utah’s May year-over job change has been revised down two-tenths of a percentage point to -5.0 percent.

June’s seasonally-adjusted unemployment rate is estimated at 5.1 percent. Approximately 85,700 Utahns were unemployed during June. Utah’s May unemployment rate has been revised upward a tenth of a percentage point to 8.6 percent. The national unemployment rate for June lowered to 11.1 percent.

“June’s employment assessment continues building upon May’s improvement,” said Mark Knold, Chief Economist at the Department of Workforce Services. “Businesses continue to bring back furloughed workers. Across the past two months, just under half of the COVID-idled workers have been returned to work. These gains, in turn, have cut the unemployment rate in half in two months.”

Utah’s private sector employment contraction continued easing in June, with the year-over setback lessening to -2.7 percent.

Three of 10 private-sector major industry groups measured in the establishment survey posted net job gains in June, these being:

  • Construction (9,700 jobs)
  • Trade, Transportation and Utilities (1,400 jobs)
  • Financial Activities (600 jobs)

The remaining eight industry groups posted employment declines.
The most impacted were:

  • Leisure and Hospitality Services (-32,400 jobs)
  • Professional and Business Services (-8,400 jobs)
  • Manufacturing (-1,900)