Overall unemployment rate moved up to 3.0% with the biggest shift in Education & Healthcare, which gained 1,300 roles, based on the most recently available information published in April 2021.
Total employment in the Provo-Orem, UT market declined by 1,076 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 3.0%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Provo-Orem, UT unemployment rate is 355 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -2.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 56,800; +1,300
- Transportation & Utilities: 47,300; -100
- Business Services: 42,400; -900
- Government: 33,600; +400
- Construction, Mining: 25,100; +1,100
- Restaurants & Hotels: 22,800; +200
- Manufacturing: 20,300; +100
- IT & Development: 13,700; +300
- Financial Services: 11,600; no change
- Other Jobs: 6,100; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.