Overall unemployment rate moved down to 2.5% with the biggest shift in Business Services, which gained 1,300 roles, based on the most recently available information published in April 2021.
Total employment in the Provo-Orem, UT market rose by 1,545 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 2.5%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Provo-Orem, UT unemployment rate is 368 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in March versus prior month by -3.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 57,000; +700
- Transportation & Utilities: 46,700; -800
- Business Services: 43,900; +1,300
- Government: 33,500; no change
- Construction, Mining: 25,400; +300
- Restaurants & Hotels: 22,600; -200
- Manufacturing: 20,800; +200
- IT & Development: 14,100; +400
- Financial Services: 11,800; +100
- Other Jobs: 6,100; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.