Overall unemployment rate moved up to 2.3% with the biggest shift in Government, which lost 500 roles, based on the most recently available information published in March 2023.
Total employment in the Logan, UT-ID market declined by 1,544 jobs in January and the unemployment rate increased compared to the prior month by 50 bps to 2.3%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Logan, UT-ID unemployment rate is 156 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 11.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.9%. Key sectors include:
- Government: 16,500; -500
- Manufacturing: 14,000; -200
- Transportation & Utilities: 11,600; -500
- Business Services: 8,300; -100
- Education & Healthcare: 8,200; no change
- Restaurants & Hotels: 5,900; no change
- Construction, Mining: 3,800; -100
- Financial Services: 2,000; no change
- Other Jobs: 1,300; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.