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Utah jobless rate among lowest in nation at 3.1 percent

Utah's nonfarm payroll employment for November 2016 grew by an estimated 3 percent, adding 42,100 jobs since November 2015. November's unemployment rate declined slightly to register at 3.1 percent. The national jobless rate is at 4.6 percent.
Utah's nonfarm payroll employment for November 2016 grew by an estimated 3 percent, adding 42,100 jobs since November 2015. November's unemployment rate declined slightly to register at 3.1 percent. The national jobless rate is at 4.6 percent.
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SALT LAKE CITY — The state's unemployment rate is among the lowest in the nation.

The Utah Department of Workforce Services reported Friday that nonfarm payroll employment for November 2016 grew by an estimated 3 percent, adding 42,100 jobs to the economy over the same month last year.

The seasonally adjusted unemployment rate for November declined one-tenth from October to register at 3.1 percent. Approximately 46,600 Utahns were considered unemployed in the month and actively seeking work, while the number of Utahns currently employed was nearly 1.45 million.

The national jobless rate fell three-tenths of a percentage point from October to register at 4.6 percent.

“Utah experienced yet another month of strong employment growth with the creation of more than 40,000 jobs over the last year,” said Carrie Mayne, the department's chief economist. “The unemployment rate dropped for the fifth consecutive month, signifying a solid trend in absorbing job seekers into the state workforce.”

Mayne noted that all but one private sector industry group posted net job increases in November compared with the same time last year. The lone outlier, natural resources and mining, lost 1,100 jobs.

Meanwhile, the largest private sector employment gains were made in education and health services, which added 9,200 positions; financial activities, 7,600 new jobs; with professional and business services adding 7,500 new jobs.

In terms of growth, the fastest employment expansion took place in financial activities, up 9.3 percent; education and health services, rising 4.9 percent; and construction, increasing by 4.5 percent.