Report: Utah has fastest job growth in US

Utah’s workforce grew by 48,500 over the past 12 months, making the state the fastest growing in the U.S., according to a new report issued Friday by the Bureau of Labor Statistics. The growth rate, which compares year-over-year numbers updated through June, was 3.5 percent. Nationally, job growth was at 1.8 percent. Nine of Utah’s 10 private sector industry groups measured as showing net job increases over that time period, with the only significant losses coming from the natural resources and mining sector, which was down 1,000 job positions. The unemployment rate has actually increased, hitting the 4 percent figure for the first time in two years. But Carrie Mayne, chief economist at the Utah Department of Workforce Services, said the number is still a healthy one that is partly explained by the strong job growth.

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