Overall unemployment rate moved down to 2.3% with the biggest shift in Government, which lost 1,800 roles, based on the most recently available information published in September 2021.
Total employment in the Provo-Orem, UT market rose by 1,645 jobs in July and the unemployment rate decreased compared to the prior month by 50 bps to 2.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Provo-Orem, UT unemployment rate is 336 bps below the national rate which is a positive sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in July versus prior month by -6.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 51,600; no change
- Transportation & Utilities: 49,400; +100
- Business Services: 45,800; +100
- Government: 29,600; -1,800
- Construction, Mining: 28,000; +1,000
- Restaurants & Hotels: 23,900; +900
- Manufacturing: 21,300; +100
- IT & Development: 14,000; +100
- Financial Services: 13,200; +1,000
- Other Jobs: 6,500; +200
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.