June's Issue of Utah's Economy
Over the past three years job losses have occurred in 25 of Utah’s 29 counties. The four counties with job growth are:
- Tooele
- Sanpete
- Grand
- Beaver
All of these counties are relatively small, and consequently employment trends can be significantly altered by the addition or expansion of just a few firms. From May 2007 to May 2010 Sanpete led all counties with a seven percent gain in employment. Tooele leads in terms of numeric change with an increase of 510 jobs over the past three years. The two poorest performing counties are Juab and Wasatch Counties. Both counties have had employment declines exceeding 20 percent.
Of the four Wasatch Front Counties, Weber County has suffered the largest relative decline in employment. Nonfarm employment in Weber County has declined from 95,700 to 89,250 in three years, a drop of 6.8 percent. Over the same period, Utah County is down 5.4 percent, Salt Lake County 4.8 percent and Davis County 4.2 percent. Washington and Iron Counties, two high growth areas during the boom of 2004-2007, are now down double digits, 15.4 percent and 10.6 percent respectively. Salt Lake County has suffered the largest numeric loss with a decline of 29,000 jobs in three years. Utah County’s loss has nearly reached 10,000 jobs and Washington County has lost 8,400 jobs.
Read more by downloading the report.
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