2.0%
Total
2.6%
Construction 0.1%
Manufacturing
6.2%
Information 0.6%
Financial Activities
6.0%
Other Services 3.0%
Government
3.7%
Education/Health Services
6.2%
Leisure/Hospitality Services Natural Resources -1.0%
DASHBOARD
1.0% December 2023
Professional/Business Services Trade/Transportation/Utilities -1.2%
12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0%
2.0%
The Road to Prosperity Dashboard tracks Utah’s economic outlook. 1.8% The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
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THREE ESSENTIAL INSIGHTS: 2012 2014 2016 US
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2018 2020 Utah
Utah consumer sentiment leaps to highest level in over two years.
Consumers expressed more optimism in December both nationally and in Utah. Utah’s consumer sentiment jumped 8.4% while national sentiment increased 13.7% from November to December.
2022
2024
Utah and U.S. employment growth continues to moderate. Year-over job growth reached unprecedented highs during the post-pandemic economic recovery and continued to moderate throughout 2023. Job growth nationally and in Utah remains strong by historical standards.
Unemployment Rate November 2023
3.6% 3.6%
1.9% 1.9%
3.3% 3.3% 3.0% 3.0% 2.8% 2.8%
3.3% 3.3%
4.9% 4.9% 4.3% 4.3%
3.9% 3.9%
3.3% 3.3%
2.0% 2.0% 3.3% 3.3%
0.8% 4.3% 4.3%
4.3% 4.3% 3.4% 3.4%
3.6% 3.7% 3.6% 3.7% 4.7% 4.7% 4.2% 2.9% 4.2% 2.9% 2.9% 2.9% 4.3% 4.3% 3.2% 3.2% 3.5% 3.5% 3.5% 3.5% 3.3% 3.3% 3.3% 3.3% 3.0% 3.0% 2.4% 2.4% 3.4% 3.4% 3.3% 3.3% 4.1% 4.1% 3.5% 3.5%
4.4% 4.4%
1.6%
3.0% 3.0%
3.1% 3.1%
2.3% 2.3%
5.4% 5.4%
2.9% 2.9%
3.0%
3.6%
USA 3.7% 3.7% USA VT 2.1% 2.1% VT NH 2.3% 2.3% NH 2.9% MA 2.9% MA CT 3.6% 3.6% CT RI 2.9% 2.9% RI NJ 4.7% 4.7% NJ MD 1.8% 1.8% MD DC 5.0% 5.0% DC DE 4.2% 4.2% DE
1.9% 2.9%
2.0%
1.2%
1.4% 1.9%
2.2%
1.8% 1.8%
Source: U.S. Bureau of Labor Statistics
S A LT L A K E C H A M B E R
1.9% 1.6% 2.6%
1.7% 1.1%
1.0% 0.7%
0.6%
1.0% 2.2%
1.8% 1.0% 1.2% 1.7% 1.2% 1.5% 1.5% 2.4% 2.0% 0.7% 1.1% 0.9% 2.6% 1.7% 2.1% -0.5% 3.0% 1.8% 2.8%
1.0% 1.0%
2.9% 2.9%
Unemployment Rate
Salt Lake City International Airport served 2.1 million passengers in November, a drop from July’s 2.5 million passenger peak. Despite falling from summer, November’s passenger count represents a 5% year-over growth rate.
Year-Over Job Change November 2023
4.0% 4.0% 3.0% 3.0%
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Airport passengers increase 5% from year prior.
USA 1.8% 1.8% USA VT 1.2% 1.2% VT NH 1.2% 1.2% NH MA 1.9% 1.9% MA CT 1.5% 1.5% CT RI -0.3% -0.3% RI NJ 1.5% 1.5% NJ MD 1.4% 1.4% MD DC 0.9% 0.9% DC DE 1.9% 1.9% DE
0.6% 0.6% 5.4% 5.4%
Job Growth
-0.5% -0.5%
3.6% 3.6%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION