Overall unemployment rate stayed flat at 1.8% with the biggest shift in Construction, Mining, which gained 2,100 roles, based on the most recently available information published in June 2022.
Total employment in the Provo-Orem, UT market rose by 1,041 jobs in April and the unemployment rate stayed flat. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Provo-Orem, UT unemployment rate is 154 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Education & Healthcare: 64,200; +700
- Transportation & Utilities: 53,400; +1,200
- Business Services: 42,300; +800
- Government: 34,900; +200
- Construction, Mining: 31,700; +2,100
- Restaurants & Hotels: 25,500; -300
- Manufacturing: 22,500; -100
- IT & Development: 16,200; +200
- Financial Services: 12,800; no change
- Other Jobs: 6,600; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.