Utah Year-Over Job Change by Industry
December 2022
Year-Over Job Change
November 2010 – December 2022
Note: Large year-over job change in April 2021 is inflated due to the high job losses in April 2020.
Source: U.S. Bureau of Labor Statistics
Value
1.7% 5.9% Unemployment Rate 2.2% 2.1% Summit 4.4% Wayne 2.5% Washington 2.3% Wasatch Utah 3.3% Uintah 2.6% Tooele 2.8% Sevier 2.6% Sanpete 4.0% San Juan 2.4% Salt Lake 4.4% Piute 2.3% Millard 2.4% Kane 1.7% Juab 2.3% Iron 3.1% Grand 5.9% Gar eld 2.9% Emery 3.0% Duchesne 3.3% Carbon 2.3% Box Elder 2.7% Beaver 2.0% Cache 2.4% Rich 2.4% Weber 2.2% Davis 2.0% Morgan 4.1% Dagget Utah Unemployment Rate December 2022 SALT LAKE CHAMBER ROADMAP TO RECOVERY COALITION Source: Utah Department of Workforce Services M F 2020 A M J J A S O N D J 2021 F M A M J J A O S D N $0 $100 $200 $300 $400 $500 $600 Sales Price ($ thousands) J 2022 F $0 $500 $1,000 $1,500 $ Millions M 2020 A M J J A S O N D J 2021 F M A M J J A O S D N J 2022 F M Residential Non-residential Other 800 900 67% 68% 69% 67.9% 68.3% 67.4% M A M J J A S $476,824 O N D A M J J A S O Source: UtahRealEstate.com $0 $100 $200 $300 $400 $500 $600 Sales Price ($ thousands) M F J 2020 A M J J A S O N D J 2021 F F M A M J J O N M A M J J A O S A S D N J 2022 U.S. Utah $0 $500 $1,000 $1,500 $ Millions M 2020 A M J J A S O N D J 2021 F M A M J J A O S D N J 2022 F M Residential Non-residential Other 4 5 Billions) 2.0 2.5 0 200 400 600 800 900 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 67.9% 62.1% 68.3% 60.2% 67.4% 63.4% A M J J A S O
Ivory-Boyer Construction Database
Source:
Construction
Utah March 2020 – December 2022
Median Home Sales Price January 2020 – December 2022 3.2% 4.3% 2.2% 5.2% US Utah 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 -14% -12% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 2.4% 2.9%
of
in
Utah
MA 3.3% CT 4.2% RI 3.5% NJ 3.4% MD 4.0% DC 4.7% DE 4.4% NH 2.7% VT 2.6% USA 3.5% Job Growth Education/Health Professional/Business Trade/Transportation/Utilities 3.2% 4.1% 4.2% 3.0% 2.3% 3.3% 3.9% 4.5% 3.4% 4.2% 2.3% 4.3% 5.2% 2.6% 2.8% 2.8% 4.0% 4.3% 3.5% 4.0% 2.9% 3.1% 4.7% 2.9% 3.0% 2.5% 3.6% 4.0% 2.8% 4.1% 3.3% 3.1% 3.8% 2.5% 3.9% 3.9% 3.5% 3.9% 2.2% 3.7% 4.3% 3.5%
Unemployment Rate
3.9% 3.3% 0.0% 4.9% 5.2% 2023 2.4% 2.9% 3.3% 4.2% 3.5% 3.4% 4.0% 4.7% 4.4% 2.7% 2.6% 3.5% Job Growth MA CT RI NJ MD DC DE NH VT 3.7% 1.4% 1.7% 3.5% 1.5% 1.4% 1.4% 2.1% 1.3% USA 2.9% Total Construction Manufacturing Information Financial Activities Leisure & Hospitality Other Services Government Education/Health Services Natural Resources Professional/Business Services Trade/Transportation/Utilities 3.5% 2.5% 3.5% 3.3% 3.4% 4.3% 2.7% 1.8% 1.3% 3.1% 3.6% 3.0% 1.3% 0.0% 2.2% 2.5% 3.0% 1.6% 2.7% 2.8% 3.3% 4.7% 1.5% 3.1% 2.7% 2.0% 2.0% 1.7% 2.4% 4.9% 3.3% 4.0% 2.3% 1.7% 3.2% 2.8% 2.3% 2.2% 3.7% 3.5% 10.3% -4.5% -0.1% 2.4% 0.8% 3.7% 1.9% 1.3% 4.2% 3.8% 7.6% 2.9% Source: U.S. Bureau of Labor Statistics
Consumer Confidence
October 2020 – December 2022
U.S. Inflation Consumer Price Index Year-Over Change
January 2000 - December 2022
Source: Kem C. Gardner Policy Institute
Labor Force Participation Rate January 2020 – November 2022
Note: The y-axis starts at 60% to better illustrate changes in the labor force participation rate Source: United States Bankruptcy Court
Utah Taxable Retail Sales
January 2020 - October 2022
Note: As of October 2019, marketplace facilitators with a Utah nexus were required to pay sales tax, increasing taxable retail sales.
Source: Utah State Tax Commission
Utah Bankruptcy Cases
January 2020 - December 2022
Source: United States Bankruptcy Court
SLC International Airport Passengers
January 2020 - November 2022
Source: Salt Lake City International Airport
SALT LAKE CHAMBER ROADMAP TO RECOVERY COALITION M F 2020 A M J J A S O N D J 2021 F M A M J J A O S D N $0 $100 $200 $300 $400 $500 $600 Sales Price ($ thousands) J 2022 F M F J 2020 A M J J A S O N D J 2021 F F M A M J J O N M A M J J A O S A S D N J 2022 U.S. Utah $0 $500 $1,000 $1,500 $ Millions M 2020 A M J J A S O N D J 2021 F M A M J J A O S D N J 2022 F M Residential Non-residential Other J 2020 F M J J A S O N D J 2021 F M A M A M J J A F O S D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 Millions 0 0.5 1.0 1.5 2.0 2.5 J 2020 F M J J A S O N D J 2021 F M A M A M J J A O S D N J 2022 0 200 400 600 800 900 J 2020 F M A M J J A S O N D J 2021 J 2022 F F M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 67.9% 62.1% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N D F M M J J A S O N A M A M J J A S $476,824 O N D A M J J A S O
M F 2020 A M J J A S O N D J 2021 F M A M J J A O S D N $0 $100 $200 $300 $400 $500 $600 Sales Price ($ thousands) J 2022 F M F J 2020 A M J J A S O N D J 2021 F F M A M J J O N M A M J J A O S A S D N J 2022 U.S. Utah $0 $500 $1,000 $1,500 $ Millions M 2020 A M J J A S O N D J 2021 F M A M J J A O S D N J 2022 F M Residential Non-residential Other J 2020 F M J J A S O N D J 2021 F M A M A M J J A F O S D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 Millions 0 0.5 1.0 1.5 2.0 2.5 J 2020 F M J J A S O N D J 2021 F M A M A M J J A O S D N J 2022 0 200 400 600 800 900 J 2020 F M A M J J A S O N D J 2021 J 2022 F F M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 67.9% 62.1% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N D F M M J J A S O N A M A M J J A S $476,824 O N D A M J J A S O
M F 2020 A M J J A S O N D J 2021 F M A M J J A O S D N $0 $100 $200 $300 $400 $500 $600 Sales Price ($ thousands) J 2022 F M F J 2020 A M J J A S O N D J 2021 F F M A M J J O N M A M J J A O S A S D N J 2022 U.S. Utah $0 $500 $1,000 $1,500 $ Millions M 2020 A M J J A S O N D J 2021 F M A M J J A O S D N J 2022 F M Residential Non-residential Other J 2020 F M J J A S O N D J 2021 F M A M A M J J A F O S D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 Millions 0 0.5 1.0 1.5 2.0 2.5 J 2020 F M J J A S O N D J 2021 F M A M A M J J A O S D N J 2022 0 200 400 600 800 900 J 2020 F M A M J J A S O N D J 2021 J 2022 F F M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 67.9% 62.1% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N D F M M J J A S O N A M A M J J A S $476,824 O N D A M J J A S O
0 50 100 N D J 2021 O 2020 F F M A M J J A S O N D M A M J J A O S D N J 2022 U.S. Utah 2003 2008 2013 2018 2023 -2% 0% 2% 4% 6% 8% 10% 6.5% Recession 0 N D J 2021 O 2020 F F M A M J J A S O N D M A M J J A O S D N J 2022 2003 2008 2013 2018 2023 -2% 0% 2% 4% 6% 8% 10% 6.5% Recession
Source: Bureau of Labor Statistics
M F 2020 A M J J A S O N D J 2021 F M A M J J A O S D N $0 $100 $200 $300 $400 $500 $600 Sales Price ($ thousands) J 2022 F M F J 2020 A M J J A S O N D J 2021 F F M A M J J O N M A M J J A O S A S D N J 2022 U.S. Utah $0 $500 $1,000 $1,500 $ Millions M 2020 A M J J A S O N D J 2021 F M A M J J A O S D N J 2022 F M Residential Non-residential Other J 2020 F M J J A S O N D J 2021 F M A M A M J J A F O S D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 Millions 0 0.5 1.0 1.5 2.0 2.5 J 2020 F M J J A S O N D J 2021 F M A M A M J J A O S D N J 2022 0 200 400 600 800 900 J 2020 F M A M J J A S O N D J 2021 J 2022 F F M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 67.9% 62.1% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N D F M M J J A S O N A M A M J J A S $476,824 O N D A M J J A S O