The beginning of March marked a great announcement from the State of Utah.
The Salt Lake Chamber joined Gov. Gary Herbert to announce that Utah’s unemployment rate dropped to 3.9 percent, according to the Department of Workforce Services. The unemployment rate in Utah hasn’t been below 4 percent since November 2008.
Currently, the national unemployment rate is 6.6 percent, which is 2.7 points higher than it is in the Beehive State.
This is a testament to the great work of Utah’s private sector business leaders for helping create jobs. In the past 12 months, Utah has added nearly 35,000 jobs to the workforce, contributing to a 2.8 percent job growth rate. Thanks to this, Utah’s economy is gaining momentum and moving towards a strong 2014.
The Salt Lake Chamber joins with Gov. Gary Herbert to make job creation a top priority. We support the governor’s plan to facilitate the creation of 100,000 jobs in 1,000 days. As of right now, Utah is over the 70,000 mark for this goal, which is ahead of pace. The Chamber also has a complimentary private sector job creation plan, the Utah Jobs Agenda. This year, Utah’s private sector is set to achieve the Utah Jobs Agenda goal of creating 150,000 jobs in five years—more than a year ahead of schedule. We will continue to make job creation a major focus.
Utah’s economy and business climate continues to be strong, thanks to sensible and stable taxes, a well-educated workforce and our investment in infrastructure. These are things we need to sustain in order to keep up this kind of progress–and with the collaborative spirit of Utah, that’s something we can certainly do.