Wednesday, March 4, 2015

Utah's Employment Situation for January 2015

Utah's Employment Situation for January 2015 has been released on the web.

Find the Current Economic Situation in its entirety here.

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

Next update scheduled for March 20th, 2015.

Wednesday, February 4, 2015

Sevier County Economic Update

While Sevier County seems to have shaken off the job losses of 2013, recently-released nonfarm jobs numbers show a rather tepid third-quarter 2014 performance. The county did average a year-over gain of more the 130 jobs for the quarter, although September showed the weakest increase. Moreover, pockets of industry-level job loss remain. The current level of employment creation still managed to shrink the county’s jobless level to a level not seen since before the recession. Only a decline in gross taxable sales pitches a slight shadow on this recovering economy.

Sanpete County Economic Update

Recently-released employment data shows that Sanpete County has dug itself out of the job-loss pit of late 2013 to early 2014. While the monthly figures were not consistently strong, they do offer a welcome improvement from prior quarters. Moreover, most industries contributed to the job creation. Concurrently, the county’s jobless rate continued on the downward track reaching the level generally considered “full employment.” Sales followed the same basic pattern as job growth with a healthy third-quarter gain—just one more indicator of an improving economy.

Millard County Economic Update

Playing on its economic theme of recent years, Millard County continued to show moderate employment growth in the third quarter of 2014. While not particularly flashy, Millard County’s employment growth has proved sufficient to drive its unemployment rate down below the state average. In addition, while Millard County’s third-quarter 2014 gross taxable sale dipped noticeably, the source of the decline was in the volatile business investment category rather than in retail sales. All in all, the county remains economic vigorous while avoiding the “boom” zone.

Wayne County Economic Update

After regaining some of the ground lost when its largest employer shuttered its doors, Wayne County now finds its labor market stagnating. Newly available third quarter 2014 figures show employment levels registering near year-ago figures with little loss or gain. Nevertheless, beneath the surface, various industries waxed and waned. Wayne County’s unemployment rate remains high. However, rates have dropped fairly steadily since early 2013. Strong and continued sales gains continue to provide the best economic news for the area.

Piute County Economic Update

Since the end of the national recession in June 2009, Piute County has experienced only one quarter of expanding nonfarm employment. Data for third quarter 2014 (the most recent available) show Piute County persisting in its job-losing ways. Moreover, the nonagricultural job losses register in the double-digit range. While the county’s jobless rate has dropped dramatically since the recession’s end it has shown a slight uptick in recent months, mirrored by a slight increase in first-time claims for unemployment insurance. Gross taxable sales did exhibit slight improvement in third quarter but supplied further proof of a less than vibrant economy.

Wednesday, January 28, 2015

Updated Economic Snapshots

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 month by DWS Regional Economists.

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. 

    Monday, January 26, 2015

    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 March 9th.

    Wednesday, January 21, 2015

    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.