Layton, UT – January 2024 Jobs Report – Steady Growth Amidst National Uncertainty

, ,

Layton’s job market kicked off 2024 with continued growth, mirroring the national trend but at a more moderate pace. While specific data for Layton isn’t readily available from the Bureau of Labor Statistics (BLS), broader insights from the Salt Lake City Metropolitan Statistical Area (MSA) and Utah statewide reports offer valuable context.

Overview:

  • The Salt Lake City MSA added 4,600 jobs in January, representing a 0.6% increase over December 2023.
  • Utah’s unemployment rate remained steady at 2.4%, well below the national average of 3.4%.

Highlights:

  • Leisure and hospitality (including restaurants, hotels, and entertainment) led job gains, adding 1,600 positions.
  • Professional and business services saw strong growth, particularly in areas like engineering, computer systems design, and management consulting.
  • Trade, transportation, and utilities experienced moderate job growth, fueled by continued demand for e-commerce fulfillment and logistics.

What Industries and Occupations Grew:

  • Leisure and hospitality occupations: chefs, waiters, waitresses, bartenders, customer service representatives
  • Professional and business services occupations: software developers, engineers, accountants, management analysts
  • Trade, transportation, and utilities occupations: truck drivers, warehouse workers, logistics coordinators

What Industries and Occupations Shrunk:

  • Manufacturing shed 200 jobs, primarily in durable goods production.
  • Financial activities saw a minor decline, likely due to automation and consolidation in the banking sector.

Compare to Same Month Last Year:

  • January 2024 job growth in the Salt Lake City MSA was slower than January 2023, which saw a 1.1% increase.
  • Utah’s unemployment rate in January 2024 was slightly higher than the 2.2% recorded in January 2023.

Compare to Previous Month:

  • Job growth in the Salt Lake City MSA was slightly slower than December 2023, which added 5,100 positions.
  • Utah’s unemployment rate remained unchanged from December 2023.

Future Outlook:

  • The future of Layton’s job market remains uncertain, with national economic headwinds like inflation and rising interest rates posing potential challenges.
  • However, Utah’s strong economic fundamentals and growing population suggest continued job growth in key sectors like technology, healthcare, and tourism.

10 Growing Occupations in Layton (MSA-Level Data):

  1. Software Developers, Applications
  2. Registered Nurses
  3. Customer Service Representatives
  4. Truck Drivers, Heavy and Tractor-Trailer
  5. Sales Representatives, Wholesale and Manufacturing
  6. Marketing Specialists
  7. Physician Assistants
  8. General and Operations Managers
  9. Accountants and Auditors
  10. Construction Laborers

10 Companies Hiring Now in Layton:

Resources: