Thursday, January 19, 2012

Utah's Employment Situation data released today

Utah’s nonfarm wage and salaried job count for December 2011, as generated by the U.S. Bureau of Labor Statistics (BLS), expanded by 3.0 percent compared to December 2010. This is a 12-month increase of 36,300 jobs, and raises total wage and salary employment to 1,235,400.

The seasonally-adjusted unemployment rate—generated by BLS—is Utah’s other primary indicator of current labor market conditions and registers 6.0 percent. Last month, the rate was 6.4 percent, and just three months ago 7.4 percent. Such a rapid decline is partly attributed to employment gains, and partly attributed to people leaving the labor force. Approximately 80,300 Utahns are considered to be unemployed. The United States unemployment rate, as compared to last month, dropped from 8.6 percent to 8.5 percent.

To read more click here.