Utah’s unemployment rate for March ticked slightly up from February to 4.1% but that isn't necessarily a bad sign. The rate increased two tenths of a percent from February’s unemployment rate of 3.9%. But Utah Department of Workforce Services Economist Mark Knold says it’s actually a sign that Utah’s economy is improving.
Utah’s unemployment rate dropped below four percent in February for the first time since 2008.
Governor Gary Herbert was beaming as he went before the TV cameras this morning to say Utah’s unemployment rate stands at 3.9 percent, compared to a national rate of 6.7 percent. The statewide rate of job growth is at 2.8 percent.
Utah’s unemployment rate dropped to 4.6 percent in July, and the number of jobs was expanding at an annual rate of 3.5 percent. That’s a strong employment picture compared to the rest of the country, but Jonathan Springmeyer with Bonneville Research says it’s not keeping pace with Utah’s population.
“While we are back to where we were before the recession, it doesn’t count all the people that have entered into the job market," Springmeyer tells KUER. "Jobs are improving, but we’re still not keeping up with growth.”
While Utah and the country may be climbing out of a recession, many young people are not feeling the recovery. A recent analysis by the Center for American Progress found that more than 10 million youth are unable to find full-time work. 17-year-old Fiona Boomer of Ogden wrote to us at KUER about her difficulty finding summer employment, and we asked her to keep a journal in her quest to find a job. This is Fiona’s story.
Unemployment in Utah dipped to 4.7 percent last month, the state’s lowest rate since November 2008. Utah also added more jobs, prompting Governor Gary Herbert to declare the recession over in the state.
Utah’s job growth in April was 3.5 percent, more than double the national average. Over one year, 43,000 jobs have been added. Juliette Tennert is Chief Economist in the Governor’s Office of Management and Budget.
While Congress works to avoid going over the fiscal cliff, there is another deadline looming. Emergency unemployment insurance benefits are set to expire Saturday unless Congress acts. The US Department of Labor estimates this will impact over 2 million Americans, including about 4100 Utahns.
Democratic Congressman Jim Matheson attacks Republican congressional candidate Mia Love’s fiscal record, the Utah Department of Workforce Services expands unemployment benefits, and acclaimed poet Mayda Del Valle visits Salt Lake Community College.