SALT LAKE CITY — Utah's unemployment numbers for August were released Friday morning and the jobless rate is 4.1 percent, less than half the national rate.
Utah’s nonfarm payroll employment for August 2020 has contracted by an estimated 1.6 percent across the past 12 months, with 25,300 fewer jobs.
Utah’s current employment level stands at 1,534,000.
Utah’s July year-over job change has been revised up from -1.8 percent to -1.6 percent.
August’s seasonally-adjusted unemployment rate is estimated at 4.1percent, with approximately 66,100 Utahns unemployed.
Utah’s July unemployment rate is unchanged at 4.5 percent.
The national unemployment rate for August lowered from July’s 10.2 percent to 8.4 percent.
“Utah’s economy continues along its path of improvement,” said Mark Knold, Chief Economist at the Department of Workforce Services. “The unemployment rate dropped again and remains one of the nation’s lowest. While the overall pace of job re-engagement is unchanged from July, there was an underlying employment improvement in the private sector, which is the Utah economy’s foundational and market-driven component. It speaks to the energy and prospects within the Utah economy.”
Nate McDonald joined Kerri Cronk and Dan Evans on Good Day Utah Friday morning to go over the latest numbers and trends.
Here's that interview: