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Salt Lake City — Utah’s unemployment rate in January hit a five-year low, falling to 3.9 percent.
Unemployment in Utah fell from 4.1 percent in December to 3.9 percent in January, according to new figures released today by the Department of Workforce Services. That is far below the national rate of 6.6 percent and the lowest unemployment rate recorded in Utah since November 2008.
“This is especially encouraging because much of the decline in unemployment is due to Utahns getting jobs, rather than dropping out and abandoning the search,” said Gov. Gary Herbert. “Since November 2008, when unemployment was 3.4 percent, Utah’s labor force has grown by 6 percent or nearly 80,000 people.”
Utah’s job growth in January was 2.8 percent, which represents an increase of 34,700 jobs over the past 12 months. Nine of Utah’s 10 private sector industries added jobs over the past year, with the largest increases coming in leisure and hospitality, trade, transportation and utilities, and professional and business services.