Economic Experts Want To Bring More Jobs To Cache County Despite Nation's Lowest Unemployment
As of July, Logan city has the lowest unemployment rate by metro area in the nation, recorded by The United State Bureau of Labor Statistics. Low unemployment rates can cause issues for the economy and business growth — especially for Cache Valley.
The Logan metro area’s unemployment rate currently sits at 1.8%, the lowest in the entire nation, compared to the nation’s rate of 5.2%. Utah’s unemployment rate is 2.7%, so it is safe to say the state is doing well. The state’s statistics page claims 44,200 people are currently unemployed in the state. While that sounds great in theory, low unemployment means a lack of labor for vacant jobs and lower incentive for businesses to come to the state.
Josh Smith, a research manager at USU’s Center for Growth and Opportunity, specializes in immigration issues. He said the labor shortage across the United States was “definitely related” to COVID-19. Read the rest of the story on HJnews.com.
This story is made possible thanks to a community reporting partnership between The Herald Journal and Utah Public Radio.