BUSINESS

Utah’s unemployment down, employment up in April, marking economic progress, say DWFS

May 24, 2021, 6:19 PM
april unemployment down retail wages...
A Help Wanted sign is posted at a Designer Eyes store at Brickell City Centre, Friday, Nov. 6, 2020, in Miami. Retail workers have been leaving in droves for other fields with better pay and benefits. (AP Photo/Lynne Sladky)
(AP Photo/Lynne Sladky)

SALT LAKE CITY– More Utah residents are headed back to work as the state’s unemployment rate continues to drop. In April, Utah’s unemployment rate dropped to 2.8%, compared to 2.9% from the month prior, according to the most recent employment report from the Department of Workforce Services (DWFS). The national unemployment rate increased to 6.1%. 

Employment growth in the Beehive State is currently higher than it was in April of 2019 now sitting at 2.3%. DWFS decided to evaluate the change in employment growth over a two-year period for a better idea of where Utah’s economy sits.

“We’re doing a two-year look back instead of a one-year look back,” DWFS Director Nate McDonald told Utah Morning News Friday. “And that’s because if we were comparing our jobs from this year to last year, this is when the bottom fell out and we had so many job losses [due to the pandemic]. It wouldn’t be a true reflection of our recovery.”

Despite a rocky economic year, McDonald says the uptick in employment, along with the number of jobs added to the market, is a promising sign. 

“It really is a strong signal that we are recovering and moving on the right track,” toward economic bounceback said McDonald. 

But, the nation, including Utah, is experiencing a labor shortage, sparking Governor Spencer Cox to end extended unemployment benefits as a way to incentivize people to work.

“We really are back to where we were at before the pandemic,” said McDonald in terms of jobs.

Prior to the pandemic, employers were able to select who they wanted to work. Now, businesses are struggling to find employees.

“During the pandemic, we really had a flip flop from it being a job-seekers market to it being an employers market,” explained McDonald. “Now employers are going to have to be more creative on how they are going to attract people to come over and work for them.” 

As of Friday, approximately 46,600 Utahns are unemployed. However, since 2019, the state has added more than 35,600 jobs to the market. 

Within the last two years, the private employment sector has seen recorded a 3.6%.

For additional information on Utah’s employment and unemployment rates, visit jobs.utah.gov/wi/update

 

Today’s Top Stories

Business

direct sales Utah...
Alejandro Lucero

Direct selling and the big impact it has on the Utah economy

Over the decades, Utah has developed into a hub for direct selling companies that make billions in international sales.
1 day ago
Old Utah State prison...
Lindsay Aerts

Cox says chapel at old Utah State Prison site will remain

The chapel at the site of the old Utah State Prison will not be torn down, Utah Gov. Spencer Cox said Monday as he and former Gov. Gary Herbert walked through the facility.
3 days ago
Kraft Heinz is issuing a voluntary recall of 5,000 plus Capri Sun products after they were found to...
Devin Oldroyd

Some Capri Sun products being recalled by Kraft Heinz

Kraft Heinz is issuing a voluntary recall of 5,000 plus Capri Sun products after they were found to be contaminated with a cleaning solution.
3 days ago
Recall on more than two million Mamaroo and RockaRoo infant swings and rockers...
Alejandro Lucero

4moms infant swings and rockers recalled over strangulation danger

A recall of more than 2 million MamaRoo infant swings and RockaRoo infant rockers has been issued due to a fatal infant strangulation.
3 days ago
Intermountain Healthcare...
Mark Jones

CEO and President of Intermountain Healthcare announces resignation

Intermountain Healthcare will soon be looking for a new CEO and President. Current, CEO and President Dr. Marc Harrison announced Thursday he will resign from the position later this year.
7 days ago
FILE - A hiring sign is displayed at a restaurant in Schaumburg, Ill., Friday, April 1, 2022.  More...
PAUL WISEMAN AP Economics Writer

US unemployment claims rise by 14,000 to 262,000

The four-week average for claims, which smooths out weekly ups and downs, rose by 4,500 to 252,000, also the highest since November.
7 days ago

Sponsored Articles

Utah’s unemployment down, employment up in April, marking economic progress, say DWFS