Economist: Cache County has low unemployment but also slow job growth

Cache County currently has an unemployment rate of 3.3 percent, and that is the lowest unemployment rate in the state of Utah.

Tyson Smith, economist for the state’s Workforce Services, says you have to call that figure “phenomenal.” However, Smith says his figures show that Cache County’s employment growth has been growing at a slower rate from year to year than the rest of the state which may be disappointing to some residents.

“If you consider that Cache County was one of the least affected counties by the recession,” Smith explains, “it doesn’t look quite as bad as that year over year number might suggest.

“In 2008 to 2009 employment shrank across the state by 5.1%. That number was only 3.3% for Cache County.”

And he says that was the only year Cache County experienced negative employment growth.

Smith was a guest on <a href=”http://610kvnu.com/assets/podcaster/324/2014_04_22_324_21416_2867.mp3″ target=”_blank”>KVNU’s For the People program on Monday</a>, April 21.

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