Utah’s Economy: Jobs and Utah’s Hot Office Market

uteconOver the past six months, (since February) Utah has led the country in job growth, reporting employment increases of 4.0 percent or more. July had the largest increase of 4.5 percent 59,100 additional jobs – an all-time monthly high, Figure 1. Three sectors leading job growth are 1) leisure and hospitality, 2) professional and business services, and 3) health services and private education, Table 1. These three sectors account for 60 percent of the job growth in Utah over the past year. Their growth has had a substantial impact on the level of nonresidential construction particularly new office construction.

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