Utah reaches new low unemployment rate of 2.1%

Mar 18, 2022, 7:51 AM
A “now hiring” sign is pictured at Salt Lake Running Company in Salt Lake City on Friday, Nov. ...
A “now hiring” sign is pictured at Salt Lake Running Company in Salt Lake City on Friday, Nov. 5, 2021. Kristin Murphy, Deseret News

SALT LAKE CITY — Utah’s unemployment rate for February was 2.1%, a drop from the record-low 2.2% in January, 2022.

It is Utah’s lowest recorded unemployment rate according to Department of Workforce Services Director, Nate McDonald.

Combined with a job growth of 4.2%, McDonald told KSL NewsRadio that Utah’s economy is looking up.

“The fact that we’re at 2.1% unemployment and our job growth continues to be in the 4s is looking really good for our economy right now,” McDonald said.

McDonald said that the 4.2% job growth represents a combination of Utahns who are returning to work and people who are moving into Utah.

“One of the things we’ve been tracking is the labor force participation rate. Those people who’ve been out of the labor force on the sidelines, they are coming back,” said McDonald. 

The growth has been particularly good for Utah’s tourism industry, notably in rural Utah’s lodging and hospitality industries.  

The February numbers in Utah, while mostly positive, still present a challenge, albeit a good challenge.

“People are working, but there’s not a lot of labor,” McDonald said. “That’s something that employers struggle with, but it’s a problem they’d rather have than a recession.”

“Right now the opportunities are great for people who are looking for work.”

McDonald pointed out that this report reflects February numbers, and does not take into account current economic issues such as an increased lending rate and the global uncertainty caused by the Russian invasion of Ukraine.

Utah’s February private sector employment recorded a year-over-year expansion of 4.5%. All of Utah’s 10 major private-sector industry groups posted net year-over-year job gains, led by Leisure & Hospitality (17,700 jobs); Trade, Transportation, Utilities (13,600); Construction (5,900 jobs); and Education and Health Services (5,600 jobs).

Related reading:

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Today’s Top Stories

All News

#twitterdown twitter badges shown...
Samantha Herrera

#TwitterDown trends as users experience difficulties posting

Users across the word are reporting an error code that claims their account has reached the daily limit for tweeting.
16 hours ago
george santos is pictured amongst other lawmakers, he and romney have been exchanging harsh words...
Samantha Herrera

GOP on GOP: Romney scolds Santos, ‘You don’t belong here’

Santos' presence at the center aisle to see and be seen with the arrivals was met with a stern rebuke from a fellow Republican, Sen. Mitt Romney.
16 hours ago
Follow @amandadickson...
Amanda Dickson

Opinion: 6 thoughts we have before we call in sick to work

We all have those thoughts before we call in sick. From the paranoid to the considerate, here are some thoughts about making that call.
16 hours ago
Tom Haraldsen

All-Star fans! Oreo cookie wants to upgrade your NBA All-Star party!

NBA fans can add a little extra swagger to their All-Star Game party here in Salt Lake City, with just 10 more days until tip off.
16 hours ago
utah capitol pictured, a new bill about teacher salary has been filed...
Lindsay Aerts

Bill introduced to keep teacher salary increases on pace with inflation

A companion to the school choice bill that was recently made into law seeks to allow teacher salary increases to be adjusted to keep up with inflation.
16 hours ago
evacuees Sugar House fire...
Adam Small

Sugar House apartment fire investigation wraps up, cause undetermined

Investigators say that unless someone comes forward with more evidence, the cause of the Sugar House fire will likely remain undetermined.
16 hours ago

Sponsored Articles

Skier being towed by a rider on a horse. Skijoring....
Bear Lake Convention and Visitors Bureau

Looking for a New Winter Activity? Try Skijoring in Bear Lake

This article about skijoring is sponsored by the Bear Lake Convention & Visitors Bureau. Participate in Skijoring the Bear on February 20th, 2023.  What is skijoring? Skijoring is when someone on skis is pulled by a horse, dog, animal, or motor vehicle. The driver leads the skiers through an obstacle course over jumps, hoops, and […]
Banner with Cervical Cancer Awareness Realistic Ribbon...
Intermountain Health

Five Common Causes of Cervical Cancer – and What You Can Do to Lower Your Risk

January is National Cervical Cancer Awareness month and cancer experts at Intermountain Health are working to educate women about cervical cancer, the tests that can warn women about potential cancer, and the importance of vaccination.
Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get Ready for Fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy. This year the event will be held from January 27-29 at the Utah Bear Lake State Park Marina and Sunrise Resort and Event Center in Garden City, Utah. 
happy friends with sparklers at christmas dinner...

15 Easy Christmas Dinner Ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy. Choose from the dishes we’ve highlighted to plan your meal or start brainstorming your own meal plan a couple of weeks before to make sure you have time to shop and prepare.
Spicy Homemade Loaded Taters Tots...

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...

The Best Tools for Deaf and Hard-of-Hearing Workplace Success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Utah reaches new low unemployment rate of 2.1%