2015 Q1 MarketBeat Salt Lake City Office Snapshot: Tech firms and VC funding major drivers of office expansion

officeThe U.S. economy continued to add jobs at a high rate as job growth expanded by 2.4% over the last y ear, pushing the unemployment rate to just 5.5%. Even with stronger employment numbers, wage pressure remained moderate, mainly occurring in specialized jobs.

Utah continued to outpace the overall economy, adding jobs at a rate of 4.2%, with employment gains occurring in nine out of 10 categories. With this job growth, the unemployment rate remained at 3.4%, which has caused job shortages in specific industries and occupations. For 2015, Utah is expected to see job growth of 2.8%, which would result in 37,200 new jobs.

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