Utah’s Economy: Trends and Forecast for Utah’s Construction Sector

uteconBy far the most volatile employment sector over the last several years has been Utah’s Construction sector. In 2003 there were 67,000 construction jobs in the Utah economy, four years later employment had grown by 56 percent to 103,500. But this amazing run-up in employment was followed by three consecutive years of job losses which wiped out all the previous gains. Construction jobs fell by 38 percent from 2008 to 2010 in the most severe employment contraction of any sector in the Utah economy since the Great Depression.

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