Rapid economic growth, tied to home building, rendered many western states vulnerable to serious job losses once the home building cycle turned. In most vulnerable states, employment in construction has declined by more than 30 percent. Among the hardest hit states are Arizona and Nevada, with 46 percent and 43 percent declines in construction, respectively. In Utah, construction jobs have fallen from 103,500 to 71,500, a drop of 32 percent. The large losses in the construction sector are due to the high rates of unemployment and job loss registered by several western states.
Read the entire report: Download The UtahEconomy March 2010 Report