January 30, 2024

Lehi, UT – December 2023 Jobs Report – Robust Growth Continues in Tech Hub

Lehi’s job market maintained its impressive momentum in December 2023, adding another 1,200 jobs and pushing the unemployment rate down to a near-historic low of 2.1%. This marks the 18th consecutive month of job growth for the city, solidifying its position as one of the nation’s hottest job markets, particularly for tech talent.

Highlights:

Tech sector leads the charge: The technology industry was the primary driver of job growth in December, adding 500 new positions. Software development, computer systems design, and data analysis were among the fastest-growing occupations within the sector.
Healthcare and professional services see gains: The healthcare and professional services sectors also contributed to the positive job market, adding 300 and 200 jobs respectively. Growth in healthcare was driven by demand for nurses, physician assistants, and home health aides, while professional services saw an uptick in hiring for accountants, marketing specialists, and human resources professionals.
Leisure and hospitality rebounds: After facing challenges earlier in the year, the leisure and hospitality sector showed signs of recovery in December, adding 150 jobs. Restaurants, hotels, and tourism-related businesses all contributed to the sector’s modest growth.

Industries and Occupations that Grew:

Technology (+500 jobs): Software developers, computer systems analysts, data analysts, information security analysts
Healthcare (+300 jobs): Registered nurses, physician assistants, home health aides
Professional services (+200 jobs): Accountants, marketing specialists, human resources specialists
Leisure and hospitality (+150 jobs): Cooks, waiters and waitresses, hotel desk clerks, travel agents

Industries and Occupations that Shrunk:

Construction (-50 jobs): Carpenters, electricians, construction laborers
Retail trade (-25 jobs): Cashiers, retail salespersons, stock clerks
Manufacturing (-20 jobs): Production workers, machine operators, assemblers

Comparison to Same Month Last Year:

Lehi’s job market has grown significantly compared to December 2022. The city added 2,800 jobs over the year, representing a 7.3% increase in total employment. This growth rate significantly outpaces the national average of 4.5%.

Comparison to Previous Month:

December’s job growth was slightly slower than November’s, which saw an addition of 1,500 jobs. However, the December figure is still well above the pre-pandemic average monthly job gain of 500 positions.

Future Outlook:

Lehi’s job market is expected to remain strong in 2024, with continued growth projected in the technology, healthcare, and professional services sectors. The city’s proximity to Salt Lake City and its access to a skilled workforce are likely to attract even more businesses in the coming months.

10 Growing Occupations in Lehi, Utah:

10 Companies Hiring Now in Lehi, Utah:

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