Overall unemployment rate stayed flat at 2.4% with the biggest shift in Business Services, which gained 900 roles, based on the most recently available information published in June 2021.
Total employment in the Provo-Orem, UT market rose by 1,860 jobs in April and the unemployment rate stayed flat. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Provo-Orem, UT unemployment rate is 335 bps below the national rate which is a positive sign.
- Unemployment in the market is 530 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -5.1% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 56,400; -500
- Transportation & Utilities: 47,200; no change
- Business Services: 44,600; +900
- Government: 33,800; +300
- Construction, Mining: 25,700; +600
- Restaurants & Hotels: 23,200; +600
- Manufacturing: 20,900; +100
- IT & Development: 14,100; +100
- Financial Services: 11,700; -100
- Other Jobs: 6,200; +100
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.