Overall unemployment rate moved down to 1.4% with the biggest shift in Education & Healthcare, which gained 4,300 roles, based on the most recently available information published in November 2021.
Total employment in the Provo-Orem, UT market rose by 6,299 jobs in September and the unemployment rate decreased compared to the prior month by 90 bps to 1.4%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Provo-Orem, UT unemployment rate is 316 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in September versus prior month by -5.5% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.7% . Key sectors include:
- Education & Healthcare: 56,500; +4,300
- Transportation & Utilities: 49,400; -100
- Business Services: 44,500; -900
- Government: 35,200; +2,600
- Construction, Mining: 28,300; -400
- Restaurants & Hotels: 23,500; -700
- Manufacturing: 21,600; no change
- IT & Development: 14,300; +100
- Financial Services: 12,900; +100
- Other Jobs: 6,300; -100
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.