Juab County Economic Update

Economic conditions in the Mountainland Economic Service Area (Utah, Juab, Wasatch and Summit Counties) are positive with strong year-over job growth of 3.8 percent, or 8,717 new jobs from June 2013 to June 2014. In 2013, average payroll job growth in the region was a very rapid 5.2 percent above the average level of employment in 2012. There has been job increases in most major industry sectors with particular strength among construction, wholesale and retail trade, professional/technical services, food services and health care.

• In the year ending June 2014, Juab County had a total of 3,294 nonfarm payroll jobs, 14 fewer than in June 2013.
• Five industries lost 13 or more jobs, with the largest reductions, 86, in construction as a result of reduced commercial construction activity.
• Manufacturing added 107 new positions, growing by 16.4 percent. Retail trade came in with the second highest number of new positions with 18. Five other industry subdivisions added new employment totaling 31 jobs.
• In September 2014, the unemployment rate in Juab County was estimated to be 4.2 percent, down from 5.9 percent in September 2013. An estimated 183 workers were unemployed in September compared to 212 in September 2013.
• Average annual job growth in 2013 was 6.3 percent or 193 new jobs above 2012. The 2014 overall job outlook indicates that Juab County will likely see net job reductions averaging between 20 and 90 positions.

Utah, Summit, Wasatch and Juab Counties’ robust job growth and favorable labor market conditions are expected to persist through the end of 2014 and continue through 2015. By September of 2014, the unemployment rate in Mountainland declined to a very favorable rate of 3.4 percent. Based on the strength of employment growth in recent years, job opportunities and low unemployment will continue to characterize this area.

Wasatch County Economic Update

Economic conditions in the Mountainland Economic Service Area (Utah, Juab, Wasatch and Summit Counties) are positive with strong year-over job growth of 3.8 percent, or 8,717 new jobs from June 2013 to June 2014. In 2013, average payroll job growth in the region was a very rapid 5.2 percent above the average level of employment in 2012. There has been job increases in most major industry sectors with particular strength among construction, wholesale and retail trade, professional/technical services, food services and health care.

• Employment growth in Wasatch County from June 2013 to June 2014 continued at an energetic pace of 5 percent.
• The largest industry job increases occurred in construction with 104, up by 11.8 percent. Professional, scientific and technical services added 101 new jobs, most occurring in advertising, architecture, accounting and bookkeeping, and computer systems design services. Accommodations and food services employment increased by 71 jobs. Local government positions increased by 60 and manufacturing rounded out the top five industries with 44 new jobs.
• The Wasatch County jobless rate was estimated at 3.9 percent in September 2014, down from 5 percent a year earlier. An estimated 430 workers were unemployed in September compared to 875 twelve months ago.
• Wasatch County is expected to maintain a favorable labor market through the end of 2014 and into 2015, adding to employment by more than five percent each year.

Utah, Summit, Wasatch and Juab Counties’ robust job growth and favorable labor market conditions are expected to persist through the end of 2014 and continue through 2015. By September of 2014, the unemployment rate in Mountainland declined to a very favorable rate of 3.4 percent. Based on the strength of employment growth in recent years, job opportunities and low unemployment will continue to characterize this area.

Summit County Economic Update

Economic conditions in the Mountainland Economic Service Area (Utah, Juab, Wasatch and Summit Counties) are positive with strong year-over job growth of 3.8 percent, or 8,717 new jobs from June 2013 to June 2014. In 2013, average payroll job growth in the region was a very rapid 5.2 percent above the average level of employment in 2012. There has been job increases in most major industry sectors with particular strength among construction, wholesale and retail trade, professional/technical services, food services and health care.

• From June 2013 to June 2014, Summit County added 1,278 new jobs for a year-over increase of 5.9 percent. Summit’s labor market continued to exhibit balanced growth with all but two major industries producing new positions.
• Professional, scientific, technical and headquarters employment increased the most by 225 jobs. Construction grew a healthy 12.8 percent adding 161 new jobs. Accommodations and food services provided 3 percent increase of 149 positions, with local government adding 148, a 5.9 percent growth. The last industry adding more than 100 jobs was arts/entertainment/recreation growing by 13.8 percent with 143 new jobs.
• Twelve other industry subdivisions contributed new positions as economic growth was very broad based. Just two industries shed employment, mining with eight less jobs and manufacturing with a reduction of one position from June 2013 to June 2014.
• The seasonally adjusted unemployment rate in Summit County was 3.1 percent in September 2014, an estimated 730 unemployed workers. A year earlier the unemployment rate was 3.7 percent.
• Employment gains among the majority of industry sectors are expected to continue. Overall job growth through 2014 should be about 1,100 or in the neighborhood of 4.7 percent. This is a pick-up in economic activity from Summit County’s employment growth of 713 in 2013 and 791 new jobs created in 2012. 

Utah, Summit, Wasatch and Juab Counties’ robust job growth and favorable labor market conditions are expected to persist through the end of 2014 and continue through 2015. By September of 2014, the unemployment rate in Mountainland declined to a very favorable rate of 3.4 percent. Based on the strength of employment growth in recent years, job opportunities and low unemployment will continue to characterize this area.

Utah County Economic Update

Economic conditions in the Mountainland Economic Service Area (Utah, Juab, Wasatch and Summit Counties) are positive with strong year-over job growth of 3.8 percent, or 8,717 new jobs from June 2013 to June 2014. In 2013, average payroll job growth in the region was a very rapid 5.2 percent above the average level of employment in 2012. There has been job increases in most major industry sectors with particular strength among construction, wholesale and retail trade, professional/technical services, food services and health care.

• In June 2014, the number of payroll jobs in Utah County increased by 3.5 percent over June 2013, with 9,099 new positions. New employment growth has occurred in most major industrial sectors.
• The most new jobs were added by the trade industry with 1,767 additional jobs, a year-over increase of 6 percent. Most subdivisions of wholesale and retail trade experienced growth.
• Construction added 1,729 positions, expanding by 11.3 percent. The majority of these new jobs were in residential housing construction.
• This solid construction activity is reflected in related industries such as building materials and garden supply stores, wood product and furniture manufacturing, each of which also experienced healthy employment gains.
• Professional, scientific, technical and headquarters grew 9.4 percent, or 1,381 jobs. Computer systems design, management consulting and technical consulting services were responsible for most of the new opportunities.
• Restaurants, food services and accommodations added 864 jobs, growing by 6.2 percent.
• Healthcare and social assistance contributed 854 new positions, increasing by 3.9 percent.
• The seasonally adjusted unemployment rate in Utah County was 3.3 percent in September 2014, an estimated 8,230 unemployed workers. A year earlier the unemployment rate was 4 percent.
• Utah County growth is expected to continue at its present rate through 2014 at about 3.7 percent, adding on average between 6,500 to 7,800 new jobs, with a similar overall job growth performance in 2015.

Utah, Summit, Wasatch and Juab Counties’ robust job growth and favorable labor market conditions are expected to persist through the end of 2014 and continue through 2015. By September of 2014, the unemployment rate in Mountainland declined to a very favorable rate of 3.4 percent. Based on the strength of employment growth in recent years, job opportunities and low unemployment will continue to characterize this area.