- Between September 2013 and September 2014, Sevier County’s nonfarm employment increased by roughly 1 percent.
- Over the past year, leisure/hospitality services, private education/health/social services, retail trade and professional/business services combined to create most of the new employment. |
- Unfortunately, construction, transportation/warehousing and government took significant employment hits over the past 12 months.
- As in most Utah counties, Sevier County’s unemployment slipped down a level at year end. In December 2014, the unemployment rate estimate measured just 3.9 percent, falling in the full employment range.
- During the first few months of the year, first-time claims for unemployment insurance are running roughly in-line with last year’s seasonal pattern.
- Gross taxable sales took a 3.4 percent tumble between the third quarters of 2013 and 2014. However, a decline in the business investment category appears primarily responsible for the drop.
- Retail trade itself generated a healthy increase.
- On the other hand, sales of new cars and trucks slipped slightly in third quarter 2014.
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.