BUSINESS + ECONOMY

December jobs numbers wrap up ‘strong economic year’ in Utah

Jan 20, 2023, 7:42 AM | Updated: 8:13 am

Utah's monthly unemployment report for December was released Friday morning, and according to the D...

FILE: Utah's unemployment rate continues to sit lower than national than the national average. (Nam Y. Huh, AP)

(Nam Y. Huh, AP)

SALT LAKE CITY — Utah’s monthly unemployment report for December was released Friday morning, and according to the Department of Workforce Services the unemployment rate held steady and job growth slowed in the last month of 2022.

In Utah, seasonally adjusted unemployment remains at 2.2%, and nearly 39,000 Utahns are unemployed. Nationally, the December unemployment rate lowered to 3.5%.

Department of Workforce Services Deputy Director Nate McDonald told Utah’s Morning News that the numbers are a reflection of a strong economic year in Utah.

“The fact that we ended at 2.2 unemployment rate, this speaks volumes for the year, that 2022 will go down as a very strong economic year for the state of Utah,” he said.

 

For most of the year in Utah, job growth was above average. But seeing a slowdown in December wasn’t unexpected.

“That is what we’ve been saying … we’re starting to see that slowing. Last month we saw it drop from 3% job growth to 2.6. And then we saw it dropped a little bit more,” McDonald said.

Job losses were experienced in two of the ten industry sectors monitored by the Utah officials.  According to McDonald, Utah’s tech sector is mirroring what’s happening across the country, and that’s exemplified in job losses in the professional business sector and Utah’s financial activities sector.

“So we are seeing job losses in those areas … that’s where we’re seeing slowing occur,” McDonald said.

Two events in January bode well for the next set of numbers that McDonald’s department will release. They are the Outdoor Retailers Show and the Sundance Film Festival.

“A lot of seasonal jobs happen during the winter months, we see that our lodging, and hospitality numbers are still strong … this last year, we’ve seen positive job gains there.”

Related reading:

 

We want to hear from you.

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

Business + Economy

ftc building shown, a new rule would bar noncompete agreements for most...

CHRISTOPHER RUGABER AP Economics Writer

New federal rule would bar ‘noncompete’ agreements for most employees

The Federal Trade Commission voted Tuesday 3-2 to ban measures known as noncompete agreements.

6 hours ago

A photovoltaic panel shines in the sun at the Appaloosa Solar 1 project near Cedar City. Rocky Moun...

Derrick Jones

Rocky Mountain Power withdraws from renewable energy partnership

Rocky Mountain Power has pulled out of a partnership with many Utah communities whose goal is to use 100% renewable energy by 2030.

6 hours ago

The Delta Center ice prior to Ryan Smith, co-founder and chairman of Smith Entertainment Group, Ash...

Heather Peterson

NHL expected to bring new customers to downtown Salt Lake City businesses

With a new National Hockey League team coming to town, the downtown economy is expecting a boost in profits. 

8 hours ago

ftc building shown, a new rule would bar noncompete agreements for most...

CHRISTOPHER RUGABER, Associated Press

New federal rule would bar ‘noncompete’ agreements for most employees

FTC officials asserted that noncompete agreements harm workers by reducing their ability to switch jobs for higher pay.

20 hours ago

FILE: Mountain America Credit Union 660 South. 200 East, in Salt Lake City. A new report from USA T...

Don Brinkerhoff

Utah-based credit union named a top five large business employer

Mountain America Credit Union employees helped land the company among the top five large businesses in America.

21 hours ago

A wood sign with the Google Cloud logo on a sunny day. A person rides their bike behind it....

Associated Press

Google has fired more workers who protested its deal with Israel

An activist group says Google fired at more workers following protests of technology the company is supplying the Israeli government amid the Gaza war.

1 day ago

Sponsored Articles

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

December jobs numbers wrap up ‘strong economic year’ in Utah