Tooele County’s unemployment rate dropped to 4.8% in August, the fourth consecutive decrease since jumping to 10.5% in April 2020 as the COVID-19 pandemic caused a record one month climb in unemployment, according to the Department of Workforce Services’ August unemployment report.
With a workforce of 33,743, Tooele County had 32,123 employed residents in August 2020 and 1,620 unemployed residents that were actively seeking work.
While the County’s August unemployment rate is less than one-half of the April peak arte, unemployment in Tooele County in August 2019 was 2.7%.
The number of jobs in Tooele County dropped from 16,945 in August 2019 to 16,583 in August 2020, a 2.1% decrease. Statewide jobs for the same time period decreased by 1.6%
The largest decrease in jobs for the Salt Lake Metropolitan Service Area, which includes Salt and Tooele Counties, was in the Leisure and Hospitality sector at 18.6% for a loss of 12,100 jobs.
The largest job increase in the Salt Lake MSA was in the Natural Resources, Mining and Construction sector with a 5% increase for 2,400 new jobs.
“Utah’s economy continues along its path of improvement” reported Mark Knold, chief economist at the Department of Workforce Services. “The unemployment rate dropped again and remains one of the nation’s lowest. While the overall pace of job re-engagement is unchanged from July, there was an underlying employment improvement in the private sector, which is the Utah economy’s foundational and market-driven component. It speaks to the energy and prospects within the Utah economy.”
Tooele County’s unemployment rate of 4.8% in August 2020 placed it as the 14th lowest unemployment rate of Utah’s 29 counties. The highest rate was 10.3% in Garfield County.The lowest rate was 2.9% in Cache County.
The state’s unemployment rate for August 2020 was 4.1%. The U.S. unemployment rate for August was 8.4%.