Overall unemployment rate stayed flat at 2.3% with the biggest shift in Government, which gained 2,700 roles, based on the most recently available information published in September 2021.
Total employment in the Provo-Orem, UT market rose by 3,408 jobs in August and the unemployment rate stayed flat. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Provo-Orem, UT unemployment rate is 299 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in August versus prior month by -4.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Education & Healthcare: 52,000; +700
- Transportation & Utilities: 49,200; -200
- Business Services: 46,100; +400
- Government: 32,500; +2,700
- Construction, Mining: 28,600; +500
- Restaurants & Hotels: 24,300; +400
- Manufacturing: 21,400; +100
- IT & Development: 14,100; +100
- Financial Services: 12,800; -100
- Other Jobs: 6,300; -200
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.