Utah’s unemployment rate (3.1 percent) and job growth (3.2 percent) are among the best in the nation. Still, many businesses report difficulty finding as many qualified workers as they need to fill available positions, according to a new research report the non-partisan Utah Foundation. The report concludes that the scarcity of skilled workers could be due to a number of factors, including a tight labor market, low wages, job desirability and skills gaps.
Titled “Help Wanted: Workforce Participation, Wages, Job Desirability and Skills Gaps,” the report lists the following key findings:
• Utah’s current labor force participation rate of 68.9 percent is still substantially lower than the 71 percent to 72 percent of the 1990s and early 2000s.