Utah Business & Employment Growth Since 2009
- 18,596 more businesses
- 321,110 more employees
- 27.7% increase in total wages
- $9,893 increase in annual wages per employee
- 25.6% increase in wages per employee
Since 2009, the number of businesses in Utah has grown by 21.9% (10.4% greater than the national average of 11.4%). Employment in Utah has grown by 27.7% (14.1% greater than the national average of 13.6%). Wages have grown by 25.6% since the end of the Great Recession. This wage growth is 0.1% less than the national average of 25.7%. The average weekly wage in Utah of $933 is 18.0% below the national average of $1,101. The gap between the national average has widened from 17.9% a widening of 0.1% since the end of the recession.
Sector Growth
Business Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Professional services | 16,012 | 10,664 | 50.2% |
| Construction | 11,588 | 11,419 | 1.5% |
| Healthcare | 10,614 | 6,568 | 61.6% |
| Retail trade | 10,398 | 8,933 | 16.4% |
| Other services | 6,325 | 6,582 | -3.9% |
| Wholesale trade | 6,188 | 5,908 | 4.7% |
| Waste services | 6,163 | 4,970 | 24.0% |
| Accommodation and food services | 6,038 | 4,841 | 24.7% |
| Finance and insurance | 5,954 | 5,521 | 7.8% |
| Real estate and rental | 5,581 | 4,658 | 19.8% |
| Manufacturing | 4,386 | 3,791 | 15.7% |
| Transport and warehousing | 2,716 | 2,310 | 17.6% |
| Information | 2,491 | 1,681 | 48.2% |
| Educational services | 1,653 | 1,095 | 51.0% |
| Arts and entertainment | 1,344 | 965 | 39.3% |
| Company management | 886 | 488 | 81.6% |
| Mining and oil extraction | 548 | 578 | -5.2% |
| Agriculture and forestry | 454 | 387 | 17.3% |
| Utilities | 242 | 189 | 28.0% |
The sector that has had the strongest growth [in number of businesses] is the Professional services sector, which has increased by 50.2% since 2009. The sector that has has the largest decline is the Other services sector, which has declined by 3.9% since the recession.
Employment Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Retail trade | 172,383 | 140,839 | 22.4% |
| Healthcare | 152,367 | 114,685 | 32.9% |
| Manufacturing | 132,144 | 112,042 | 17.9% |
| Accommodation and food services | 123,642 | 93,405 | 32.4% |
| Professional services | 104,637 | 65,197 | 60.5% |
| Construction | 104,345 | 70,492 | 48.0% |
| Waste services | 93,036 | 64,626 | 44.0% |
| Finance and insurance | 66,828 | 54,420 | 22.8% |
| Transport and warehousing | 57,032 | 41,732 | 36.7% |
| Wholesale trade | 51,010 | 45,188 | 12.9% |
| Information | 36,802 | 28,328 | 29.9% |
| Other services | 36,112 | 31,264 | 15.5% |
| Educational services | 34,461 | 21,979 | 56.8% |
| Arts and entertainment | 24,896 | 17,375 | 43.3% |
| Real estate and rental | 20,756 | 16,655 | 24.6% |
| Company management | 17,958 | 17,633 | 1.8% |
| Mining and oil extraction | 9,468 | 10,694 | -11.5% |
| Agriculture and forestry | 5,686 | 4,456 | 27.6% |
| Utilities | 3,915 | 4,137 | -5.4% |
The sector that has had the strongest employment growth [in number of employees] is the Professional services sector, which has increased by 60.5% since 2009. The sector that has has the largest employment decline in number of employees is the Mining and oil extraction sector, which has declined by 11.5% since the recession.
Weekly Wage Growth By Sector
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Utilities | $1,966 | $1,549 | 0.0% |
| Company management | $1,832 | $1,308 | 0.0% |
| Information | $1,507 | $942 | 0.0% |
| Mining and oil extraction | $1,488 | $1,270 | 0.0% |
| Professional services | $1,424 | $1,139 | 0.0% |
| Finance and insurance | $1,410 | $993 | 0.0% |
| Wholesale trade | $1,325 | $1,030 | 0.0% |
| Manufacturing | $1,115 | $918 | 0.0% |
| Construction | $982 | $786 | 0.0% |
| Real estate and rental | $971 | $666 | 0.0% |
| Transport and warehousing | $968 | $762 | 0.0% |
| Healthcare | $846 | $725 | 0.0% |
| Educational services | $812 | $708 | 0.0% |
| Waste services | $698 | $526 | 0.0% |
| Other services | $686 | $487 | 0.0% |
| Agriculture and forestry | $658 | $504 | 0.0% |
| Retail trade | $644 | $487 | 0.0% |
| Arts and entertainment | $543 | $425 | 0.0% |
| Accommodation and food services | $355 | $274 | 0.0% |
The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Accommodation and food services sector, which has declined by 0.0% since the recession.
Industry Growth
Business Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Management consulting services | 3,768 | 2,018 | 0.0% |
| Computer systems design and related services | 3,282 | 2,052 | 0.0% |
| Residential building construction | 2,550 | 2,462 | 0.0% |
| Offices of real estate agents and brokers | 2,366 | 2,137 | 0.0% |
| Services for the elderly and disabled | 2,354 | 82 | 0.0% |
| Offices of physicians | 1,953 | 1,723 | 0.0% |
The top industry that has had the largest increase in the number of businesses is the Services for the elderly and disabled industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of businesses is the Residential building construction industry, which has declined by 0.0% since the recession.
Employment Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| General medical and surgical hospitals | 32,758 | 27,346 | 0.0% |
| Computer systems design and related services | 26,985 | 15,212 | 0.0% |
| Temporary help services | 25,311 | 13,569 | 0.0% |
| Offices of physicians | 22,104 | 19,267 | 0.0% |
| Supermarkets and other grocery stores | 21,986 | 20,434 | 0.0% |
The top industry that has had the largest increase in the number of employees is the Computer systems design and related services industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of employees is the Supermarkets and other grocery stores industry, which has declined by 0.0% since the recession.
Weekly Wage Growth By Industry
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Investment banking and securities dealing | $3,692 | $2,673 | 0.0% |
| Portfolio management | $3,674 | $1,677 | 0.0% |
| Spectator sports | $2,909 | $2,535 | 0.0% |
| Petroleum refineries | $2,511 | $1,803 | 0.0% |
| Software publishers | $2,315 | $1,433 | 0.0% |
The top industry that has had the strongest wage growth is the Portfolio management industry, which has increased by 0.0% since 2009. The top industry that has has the largest wage decline is the Spectator sports industry, which has declined by 0.0% since the recession.
Company Size
Business Growth By Company Size
The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 72 to 128, which is an increase of 77.8%.The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 12,820 to 14,605, which is an increase of 13.9%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 59,636 | 47,845 | 24.6% |
| 5-9 Employees | 14,605 | 12,820 | 13.9% |
| 10-19 Employees | 10,971 | 9,113 | 20.4% |
| 20-49 Employees | 7,794 | 5,721 | 36.2% |
| 50-99 Employees | 2,385 | 1,865 | 27.9% |
| 100-249 Employees | 1,281 | 925 | 38.5% |
| 250-499 Employees | 316 | 263 | 20.2% |
| 500-999 Employees | 128 | 72 | 77.8% |
| More Than 1,000 Employees | 61 | 40 | 52.5% |
Employment Growth by Company Size
The biggest percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees in companies this size has grown from 48,911 to 85,609, which is an increase of 75.0%.The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 84,186 to 95,699, which is an increase of 13.7%.
Table: Change in the number of Employees by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 88,938 | 72,162 | 23.2% |
| 5-9 Employees | 95,699 | 84,186 | 13.7% |
| 10-19 Employees | 146,552 | 121,081 | 21.0% |
| 20-49 Employees | 230,801 | 169,784 | 35.9% |
| 50-99 Employees | 161,931 | 126,587 | 27.9% |
| 100-249 Employees | 188,921 | 134,675 | 40.3% |
| 250-499 Employees | 106,363 | 90,425 | 17.6% |
| 500-999 Employees | 85,609 | 48,911 | 75.0% |
| More Than 1,000 Employees | 113,828 | 76,670 | 48.5% |
Weekly Wage Growth by Company Size
The biggest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $857 to $1,318, which is an increase of 53.8%.The smallest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,028 to $1,234, which is an increase of 20.0%.
Table: Change Average Weekly Wage by Size Since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | $996 | $716 | 39.1% |
| 5-9 Employees | $778 | $577 | 34.8% |
| 10-19 Employees | $746 | $584 | 27.7% |
| 20-49 Employees | $803 | $646 | 24.3% |
| 50-99 Employees | $934 | $716 | 30.4% |
| 100-249 Employees | $982 | $781 | 25.7% |
| 250-499 Employees | $1,131 | $825 | 37.1% |
| 500-999 Employees | $1,234 | $1,028 | 20.0% |
| More Than 1,000 Employees | $1,318 | $857 | 53.8% |
Data Sources
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