Overall unemployment rate moved up to 2.5% with the biggest shift in Transportation & Utilities, which lost 600 roles, based on the most recently available information published in March 2021.
Total employment in the Logan, UT-ID market declined by 423 jobs in January and the unemployment rate increased compared to the prior month by 10 bps to 2.5%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Logan, UT-ID unemployment rate is 431 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.7%. Key sectors include:
- Government: 14,700; -400
- Manufacturing: 13,100; -300
- Transportation & Utilities: 10,100; -600
- Business Services: 8,400; -100
- Education & Healthcare: 7,600; -100
- Restaurants & Hotels: 4,600; -200
- Construction, Mining: 3,400; -100
- Financial Services: 1,800; no change
- Other Jobs: 1,100; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.