Provo, UT – December 2023 Jobs Report – Solid Growth Amidst National Slowdown

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Provo’s December 2023 jobs report painted a picture of continued economic resilience, defying the national trend of slowing job growth. While the national unemployment rate ticked up slightly, Provo’s remained steady at a remarkably low 3.7%, indicating a robust local job market.

Highlights:

  • Unemployment rate: Steady at 3.7%, well below the national average of 4.2%.
  • Job growth: Added 1,200 jobs, exceeding December 2022’s gain.
  • Leading industries: Government, healthcare and social assistance saw the most significant job gains.

Industry and Occupation Growth:

Industry and Occupation Shrinkage:

  • Leisure and hospitality: Lost 100 jobs, primarily in food services and accommodation.
  • Retail trade: Lost 50 jobs, concentrated in general merchandise stores.

Compared to December 2022:

  • Unemployment rate: Down 0.2 percentage points.
  • Job growth: Up 200 jobs.

Compared to November 2023:

Future Outlook:

Provo’s job market is expected to remain strong in 2024, supported by the area’s growing tech industry and its position as a regional education hub. However, national economic headwinds could dampen hiring later in the year.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers and Software Quality Assurance Analysts
  3. Physician Assistants
  4. Home Health and Personal Care Aides
  5. Marketing Specialists
  6. Financial Analysts
  7. Customer Service Representatives
  8. Elementary and Middle School Teachers
  9. Truck Drivers
  10. General and Operations Managers

10 Companies Hiring Now:

  1. Nu Skin Enterprises (MLM)
  2. Qualtrics (Software)
  3. Adobe (Software)
  4. Vivint Smart Home (Security systems)
  5. Intermountain Healthcare (Healthcare)
  6. Micron Technology (Semiconductors)
  7. USU Health (Healthcare)
  8. Provo City School District (Education)
  9. Brigham Young University (Education)
  10. Novell (Software)

Resources:

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