Overall unemployment rate moved up to 1.8% with the biggest shift in Transportation & Utilities, which lost 300 roles, based on the most recently available information published in June 2022.
Total employment in the Logan, UT-ID market declined by 47 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 1.8%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Logan, UT-ID unemployment rate is 158 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 14.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 16,400; +100
- Manufacturing: 15,000; +100
- Transportation & Utilities: 11,000; -300
- Business Services: 8,300; +100
- Education & Healthcare: 8,000; +100
- Restaurants & Hotels: 5,500; -100
- Construction, Mining: 3,800; no change
- Financial Services: 1,900; no change
- Other Jobs: 1,200; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.