As per the countries of the whole world are concerned, there are a lot of countries that are struggling day and night for their job growth. Utah, on the other hand, has to provide its residents with the different job opportunities. As per the studies conducted in 2016 showed, Utah has created around 4000 jobs. According to this figure, the job growth in Utah was 2.8 percent which is nearly the double amount of national average. Likewise in 2017, the job growth rate of Utah continue of growing and it was named as the number one in terms of growth rates.
According to the employment report that is issued by the Bureau of Labor Statistics, Utah is on number one rank. It has a total job growth of 3.2 percent in the US. Moreover, it is also placed on number one for the private sector jobs. However, as far as the unemployment rate of Utah is concerned, it is on the eighth position with 3.1 percent.
As the authorities are suggesting, the Utah is moving towards the right goal and currently going on the right path. The rankings will eventually increase which will then lead to the positive outcomes. The only thing that the major people of Utah has to do is to provide opportunities to the people so that they can play their part in the economic success of Utah. With the increase of job growth rate, the living Utah conditions are also improving. It is predicted that are people of the Utah who are currently enrolled in different educational programs will be able to get the best jobs once their education is completed. Moreover, the chief economist in the Utah Department of Workforce Services, Carrie Mayne, has suggested that the students who will graduate in the near future must start looking for the employment opportunities.
The growth in the travel and the tourism activity of Utah has played a great role in this development. The Utah’s ski resorts and the national parks have attracted a lot of visitors in the past year which is why the job growth rate is positively affected. Moreover, Utah has shown an economic growth rate of 6.1 percent in the state’s leisure and hospitality sector.
Everyone can see the fact that good things are occurring in Utah, a great development is taking place which is why the future is quite bright. Moreover, Utah is also considered as the soundest state of the nation. The reason behind this dramatic change according to Gov. Herbert is the productive and the prepared skilled labor force. Multiple factors are playing their part in the development of Utah. The monthly labor market of the Utah is indicating that the economy is operating at near or full employment.