Zions Bank has updated their Labor Market report for the month of December 2018. The returns show that Utah is the 2nd fastest growing labor market in the entire country. The report was published by Economic and Public Policy Officer, Robert Spendlove. We’ve provided the report and direct quotes below.
“Utah continues to have one of the best labor markets in the in nation. In October, the state’s year-over-year employment growth was tied for the 2nd highest in the nation at 3.3 percent. Utah added 48,300 jobs over the past year, with the trade, transportation, and utilities (+12,000); education and health services (+7,800); and government (+6,200) sectors adding the largest number of employees. Only the information (-700) and natural resources and mining (-100) sectors experienced job losses. The unemployment rate remained flat at 3.2 percent. The strong labor market and economic conditions continue to boost home prices across the state. The median home value in Utah was $325,400 as of October, which is significantly higher than the nationwide median of $221,500.”