Page 3 - Mark Knold News Today

Big increases in industries like construction, health, education and "leisure and hospitality" helped drive a big increase in Utahs job market.

Similar to U.S. economic activity showing little change in recent weeks, the economy of the Beehive State has remained steady, as well.

Despite the Federal Reserve raising interest rates throughout most of last year as a method to slow the economy, job growth remains vibrant in both Utah and the U.S. while the unemployment rate remains low.

After experiencing a slight uptick toward the end of 2022, the unemployment rate in Box Elder County has once again fallen in early 2023.

Utah added an estimated 46,000 jobs over the past 12 months, maintaining an unemployment rate well below the national average.

Despite the Federal Reserve raising interest rates throughout most of last year, job growth remains vibrant in both Utah and the U.S. while unemployment remains low.

Despite record-low levels of unemployment and other signs of a positive economy to start 2023, Utahs consumer confidence appears to be dropping.

Southwestern Utah saw strong job market growth to start 2023, following a nationwide trend that showed big increases in January.

Utah’s job market added more than 40,000 new jobs in 2022, according to a new report from the state Department of Workforce Services.

Some bus routes were cut back in December by the Utah Transit Authority, which has a hard time hiring enough drivers.