Unemployment Rate in Utah
UTUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-3.03%
Date Range
1/1/1976 - 6/1/2025
Summary
The Unemployment Rate in Utah measures the percentage of the state's labor force that is jobless. It is a key indicator of economic health and employment trends in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Unemployment Rate in Utah represents the share of the civilian labor force in Utah that is without a job but actively seeking work. It is a widely-used statistic for tracking labor market conditions and the strength of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Utah unemployment rate is monitored by policymakers, businesses, and analysts to assess the state's economic performance.
Key Facts
- Utah has one of the lowest unemployment rates in the U.S.
- The state's unemployment rate has been below the national average for over a decade.
- Utah's economy is diverse, with key industries in technology, finance, and tourism.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate in Utah measures the percentage of the state's civilian labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The Utah unemployment rate is a crucial indicator of the state's economic health and labor market conditions, providing insights for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Utah unemployment rate is monitored by policymakers to assess the state's economic performance and guide decisions on workforce development, economic stimulation, and other policy initiatives.
Q: Are there update delays or limitations?
A: The Utah unemployment rate data is released on a monthly basis, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Unemployment Rate in Utah (UTUR), retrieved from FRED.