Utah unemployment rate improving

Finding a job in Utah is becoming a little more promising or hopeful. The unemployment rate for December has gone down to 6 percent compared to 6.4 percent for the previous month, according to the U.S. Bureau of Labor Statistics. It was 7.4 percent three months before December. It is estimated that 86,300 Utahns are considered unemployed. The national jobless rate is much higher than Utah at 8.5 percent. One reason for the improvement in Utah is the jobs that have been added around the state. The BLS shows that there were around 36,000 non-farm jobs added last year. Utah’s unemployment rate is lowering faster than the United States’ rate. As mentioned, in a month Utah has dropped from 6.4 to 6 percent. However, the U.S. has only dropped from 8.6 to 8.5 percent. For Cache County the unemployment rate is even lower. For November the unemployment rate was 4.7% (seasonally adjusted). This has been continuing to improve. In October the unemployment rate was 4.9%. Additional economic information for Cache County is scheduled to be released on January 23. According to the Department of Workforce Services the only other county that has a lower unemployment rate than Cache County for November in the entire state is Uintah County at 4.5%. There are two counties tied for the highest unemployment rate in the state, Wayne and Garfield Counties at 11.5%. Even though unemployment is starting to improve in Utah and Cache County, house building and construction does not appear to be one of the jobs that is. In 2011 quarter one there was 2,002 employees working in construction and in quarter two there were 1,988 employees working in construction. During a busier time of the year for construction workers they were less employed last year. For more statistics and information on unemployment in Utah you can visit http://economyutah.blogspot.com/p/more-economic-information.html.

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