For much of 2018, Utah led the nation in the rate of new jobs created. Then in September it dropped to No. 2. Now, new data for the year-long period ending in November shows it dropped to No. 4 nationally.
“Work opportunities remain plentiful,” said Carrie Mayne, chief economist for the Utah Department of Workforce Services.
She said Utah’s unemployment rates have been so low for so long that it appears to be slowing creation of new jobs — essentially because fewer people are available to fill them.
“The slight slowing may be due to the prolonged low unemployment rate as tight labor supply can restrain potential job growth,” she said.