All Employees: Total Nonfarm in Utah
UTNAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,779.30
Year-over-Year Change
2.28%
Date Range
3/1/1942 - 6/1/2025
Summary
The 'All Employees: Total Nonfarm in Utah' metric tracks the total number of non-farm payroll jobs in the state of Utah. This key economic indicator provides insights into the overall health and employment trends of Utah's labor market.
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
This nonfarm payroll employment series measures the total number of paid employees working in Utah, excluding farm workers, private household employees, and employees of non-profit organizations. It is a widely followed indicator of economic activity and a crucial input for policymakers and analysts assessing the state's economic performance.
Methodology
The data is collected through monthly surveys of non-farm business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve, state government, and private sector analysts to gauge the strength of Utah's economy and guide policy decisions.
Key Facts
- Utah's nonfarm employment reached a record high of over 1.5 million jobs in 2022.
- The state's unemployment rate has remained well below the national average in recent years.
- The construction and professional services sectors have been major drivers of Utah's employment growth.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Total Nonfarm in Utah' metric tracks the total number of non-farm payroll jobs in the state of Utah, providing insights into the overall health and employment trends of the state's labor market.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a crucial indicator of Utah's economic performance and is closely monitored by policymakers, the Federal Reserve, and private sector analysts to guide decisions and assessments of the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of non-farm business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'All Employees: Total Nonfarm in Utah' trend is used by the Federal Reserve, state government, and private sector analysts to gauge the strength of Utah's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, All Employees: Total Nonfarm in Utah (UTNAN), retrieved from FRED.