Overall unemployment rate stayed flat at 1.9% with the biggest shift in Transportation & Utilities, which gained 1,500 roles, based on the most recently available information published in January 2022.
Total employment in the Provo-Orem, UT market rose by 2,615 jobs in November and the unemployment rate stayed flat. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Provo-Orem, UT unemployment rate is 146 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in November versus prior month by 5.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 65,200; +600
- Transportation & Utilities: 53,800; +1,500
- Business Services: 41,000; -1,500
- Government: 34,800; -100
- Construction, Mining: 34,000; no change
- Restaurants & Hotels: 24,900; -300
- Manufacturing: 22,500; no change
- IT & Development: 15,900; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.