Utah unemployment rate among lowest in the nation
SALT LAKE CITY — News of the Utah unemployment rate sounds good, even great when you first hear it, because the rate is one of the lowest in the nation right now. But KSL TV reporter Ladd Eagan reports the numbers may be misleading.
The Utah Department of Workforce Services said the Utah unemployment rate now rests at 2.9%, a percentage shared by Nebraska, South Dakota, and Vermont. The national unemployment rate is 6%.
Even so, an unemployment rate that is more than twice as low as the national average isn’t how it seems on the surface.
“This 2.9% unemployment rate is not the kind of 2.9% we saw before COVID,” Utah Department of Workforce Services Chief Economist Mark Knold told KSL TV reporter Ladd Eagan. “It’s somewhat of a misleading unemployment rate
“You would think that if you are at 2.9% you would call that full employment, which is largely saying that anybody that wants a job could find a job.”
That’s not happening, Knold said. So the 2.9% rate his agency reported may also indicate that people have simply stopped looking for work.
Today’s Top Stories
- One person dead in three-vehicle crash in southern Utah
- State of Utah files lawsuit against pharmaceutical retailers
- Herriman mother saved by off-duty police officer
- Husband of Bluffdale mayor faces charges threatening city councilman
- Different abortion law now in effect in Utah
- ‘Jingle Bells’ was originally written as a Thanksgiving song
- Two people injured in Brigham City two-vehicle crash
- WB I-80 shut down after a crash between two semis and a Utah Highway Patrol car
- Wordle, the easy online word game that’s easy to love
- Salt Lake County says it has decreased water-use on its golf courses