SALT LAKE CITY (ABC4) – For February 2021, Utah’s nonfarm payroll employment is estimated with no virtual change across the past year, with just 300 fewer jobs since February 2020.
Currently, Utah’s employment level stands at 1,566,900. Utah’s January year-over job change has been revised up to -0.3%.
February’s seasonally-adjusted unemployment is estimated at 3%, with about 48,774 Utahns unemployed. For comparison, the February national unemployment rate lowered to 6.2%.
January’s unemployment rate for Utah is unchanged, sitting at 3.1%
“Utah’s deliberate and steady pace toward job recovery continues,” says Mark Knold, Chief Economist at the Department of Workforce Services. “February finds Utah’s employment count at equality with a year ago. Idaho is the only other state that can make such a claim. All other states are still struggling to get their economies pointed in the right direction. Utah’s private sector is leading its job rebound. Employment gains would be further along if not for COVID-19’s restraining effects upon the education sector.”
Utah’s February private sector employment recorded a year-over expansion of 0.7%. Five of Utah’s 10 private-sector major industry groups posted net year-over job gains, led by Trade, Transportation and Utilities (10,900 jobs); Professional and Business Services (8,500 jobs); and Construction (5,000 jobs). Five industry groups remain with year-over employment declines, most notably Leisure and Hospitality Services (-13,200 jobs); Education and Healthcare (-6,100 jobs); and Information (-1,400 jobs).
March employment information will be released in a few weeks.