New Jobs Report: Steady, Moderate Growth
The Department of Workforce Services released a new jobs report for Feb. on Friday.
The unemployment rate remains at 3.9 percent, the same as it was Jan. and a five year low for the state. 32,000 jobs have been added to Utah’s economy since Feb. of 2013.
Nic Dunn with DWS said the state has seen growth in nearly all sectors.
“What we’re seeing in Utah is a lot of diverse growth. Were actually the fourth most diverse economy in the nation and a hallmark of a strong economy is a diverse economy,” Dunn said.
Despite the recent gains, over 50,000 Utahns remain unemployed. Nonetheless, Dunn sees a positive economic future for the state.
“All signs are pointing to a steady, moderate growth in Utah’s economy.”
Job gains were highest in the trade and transportation industry as well as in leisure and hospitality services.