Recent reports have shown a slight fall in Utah’s unemployment numbers. During the month of October, our state’s unemployment rate dropped to 4.6 percent from September’s report of 4.7 percent. Additional reports by the Department of Workforce Services (DWS) showed that 27,800 jobs were added in our state throughout the month. This decrease continues Utah’s trend back to a 5 year low.
While this decrease is already great news for Utah, it’s also exciting to note that our state is significantly outperforming the national average for employment. The DWS reported Friday that Utah’s jobless rate was well below the national rate of 7.3 percent. Utah’s rate has remained below 5 percent since March of this year. The decrease that took place during March marked the first time that Utah’s unemployment had fallen below 5 percent since November 2008 when the economic recession began.
In short, it looks like things are on the up-and-up for both employers and employees in Utah! As a local search and recruitment firm, we couldn’t be happier to hear about the positive progression of Utah’s workforce.