Utah’s August unemployment rate holds at 2%

Utah's August unemployment rate holds at 2%

Utah’s unemployment rate for August holds steady at 2%, according to data released by the state department of workforce services Friday. (Louis Roth, Shutterstock)

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SALT LAKE CITY — The Utah Department of Workforce Services released the August jobs report on Friday morning. It shows unemployment for the state holds steady at 2%. The national rate went up slightly from 3.5% to 3.7%.

Utah gained 54,400 jobs in the past 12 months, with a current total job count of 1,673,200.

Mark Knold, chief economist at the department said this indicates hiring remained strong both nationally and locally.

“This month’s economic data continues to hold strong in the face of national dialogue about inflation and other economic hurdles,” Knold said.

“The national unemployment rate moved up a little, but when said rates are as low as they currently are, small upward movements are not viewed as a concern. Utah’s rate remained unchanged at 2.0%. This is the fourth straight month that Utah’s unemployment rate has been at 2.0%,” Knold said.

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