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Utah's Jobless Rate Rises to 3.9 Percent in April.
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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May 5, 2001
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Copyright informationCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Phil Sahm, The Salt Lake Tribune Knight Ridder/Tribune Business News
May 5--Utah's unemployment rate surged to 3.9 percent in April -- up from 3.5 percent in March -- showing that the state's economy is slowing but still outpacing much of the nation.
Nationally, unemployment increased to 4.5 percent in April, up from 4.3 percent in March, the U.S. Labor Department reported. April's unemployment was the highest rate in 2 1/2 years and revived fears of a recession as companies shed the largest number of jobs in a decade.
"The April employment figures are recession-type numbers," said First Union economist Mark Vitner. "The economy is losing momentum and . . . ...
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