As Job Growth Soars, Utah Consistently Ranks in Top 5 States for Business

ST. GEORGE — Several agencies have ranked Utah in the top five states to do business in 2018, a ranking that is well-demonstrated by the state’s exceptionally high job growth.

CNBC ranked Utah as the No. 3 top state in which to do business, with high scores in such categories as infrastructure, quality of life and business-friendliness

In a study measuring all 50 states’ economic climate, CNBC ranked Utah as the No. 3 top state in which to do business, with high scores in such categories as infrastructure, quality of life and business-friendliness.

The state also currently occupies the No. 3 spot in Forbes’ “Best States for Business” list and is No. 3 in a report by USA Today ranking states for business-friendliness.

In fact, the list of lists that feature Utah in their top five states for business goes on.

Among the various rankings, one common factor stands out: Utah’s labor supply is booming, meaning employers have access to a bigger talent pool than most other states.

These rankings are backed by hard data from the U.S. Bureau of Labor Statistics that shows Utah is No. 1 for total job growth in the U.S. at 3.3 percent in June, a ranking the state has consistently held in recent years.

Charts shows year-over percentage change for nonfarm jobs over a period of 10 years in Utah | Image courtesy of the Utah Department of Workforce Services, St. George News
The growth is also a boon to workers who have access to an ideal job-seekers market in which businesses compete to offer more competitive employment packages.

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St. George News Sun, 08/05/2018 - 20:45