Utah and Idaho Economic Snapshots
August 2023
Utah
The Beehive State’s unemployment rate remained at 2.4% in July, while nonfarm payroll employment increased by 3%, or 49,300 jobs, during the last 12 months. Industry sectors leading the job growth were leisure and hospitality (+17,500); education and health services (+10,200), government (+8,700); other services (+4,400); and construction (+4,200).
Idaho
The Gem State’s unemployment rate increased to 2.8% in July, and its nonfarm payroll employment increased by 2.8%, or 23,600 jobs, during the last 12 months. Industry sectors leading the job growth were education and health services (+6,600); government (+5,700); and leisure and hospitality (+4,500). By contrast, the industry sectors with negative job growth were manufacturing (-1,900) and financial activities (-100).