Thursday, October 23, 2014

Employment by Major Industry

Employment by Major Industry (or Nonfarm Employment) is compiled payroll data for nonfarm workers. Nonfarm workers are all employees excluding government employees, private household employees, employees of nonprofit organizations and farm employees. DWS economists have broken these documents into county regions and are an important economic indicator of the current economic situation. For more: Why no "Farm" in Nonfarm Jobs?

Second quarter 2014 has been updated for counties in the Central Utah region. These can be found on each county's page in the links to right, as well as below.

Monthly Consumer Price Index (CPI) updated

The Consumer Price Indexes (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services.

There is no CPI data specific to Utah, so national data is relied upon for this page.

For monthly and annual CPI data see here.

Updated Economic Snapshots available

Economic snapshots give you a two-page look at quick facts, labor force, sales, building and unemployment insurance, for each county in Utah, and are updated by each DWS Regional Economist.

For the latest economic snapshot for your county, check out the updated files on our website for Millard, Piute, Sanpete, Sevier and Wayne counties.

Note: refreshing browser may be necessary for current information. 

Tuesday, October 21, 2014

Piute County Economic Update

Piute County once again found itself losing nonfarm jobs during the second quarter of 2014. Since the recession began, Piute County’s employment has contracted in all but four months. Compared with the county’s 2007 peak in nonfarm jobs (about 360 positions), employment today stands at less than 250, a decline of almost 30 percent. Nevertheless, the county’s jobless rate continues to edge downward as workers leave the county, the labor market or find jobs in neighboring areas. Other indicators certainly paint a brighter picture than jobs portray.

Wayne County Economic Update

Following almost a year’s worth of strong job growth, Wayne County’s employment numbers dipped slightly by the end of second quarter 2014. In addition, the county, which lost its largest employer in 2012, continues to suffer with the highest unemployment rate in the state. Nevertheless, job totals have improved since the Aspen Health closure and joblessness is slowly contracting. Other indicators suggest the economy is slowly improving.

Monday, October 20, 2014

Utah's Seasonally Adjusted Unemployment Rates

Seasonally adjusted unemployment rates for all Utah counties have been posted online here.

Each month, these rates are posted the Monday following the Unemployment Rate Update for Utah.

For more information about seasonally adjusted rates, read a DWS analysis here.

Next update scheduled for November 17th.

Friday, October 17, 2014

Utah's Employment Situation for September 2014

Utah's Employment Situation for September 2014 has been released on the web.

Find the Current Economic Situation in its entirety here and an analysis about Declining Labor Market Dynamics here.

For charts and tables, including County Employment, go to the Employment and Unemployment page.

Next update scheduled for November 14th.

Wednesday, October 15, 2014

Millard County Economic Update

Recently-released nonfarm jobs data show Millard County’s employment growth easing back in the second quarter of 2014. Job fluctuations in small counties often display erratic behavior as small numeric changes result in relatively large percent changes. Despite slower job growth, Millard County’s very low jobless rate estimate suggests there isn’t a tremendous amount of wiggle room in the labor market. Other indicators also present a mixed bag of results. Coupled with diverse industry-level performances these factors point toward a rather lethargic Millard County economy in the first half of 2014.

Thursday, October 9, 2014

Sevier County Economic Update

Sevier County lingered in positive job-creation territory again during the second quarter of 2014. That’s an improvement over the job losses of 2013. Currently, employment expansion remains relatively lackluster—less than 2 percent. However, a noteworthy decline in transportation/warehousing put a drag on the county’s overall labor market performance. Other economic indicators support the premise of a gradually improving Sevier County economy.