DASHBOARD
The Road to Prosperity Dashboard tracks Utah’s economic outlook.
The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
Utah annual employment growth accelerated to 2.8% while U.S. employment growth slowed to 1.6%.
Utah’s strong year-over employment growth increases the state’s ranking from 11th in May to 6th highest employment growth in July. Conversely, U.S. employment growth has slowed for four consecutive months.
Unemployment Rate July 2024
2
Salt Lake City airport passengers reached a monthly high in June with nearly 2.6 million travelers.
Salt Lake City airport travel continues to rise. July 2023 set the previous record, yet increased demand and capacity continue to contribute to the airport’s increased traffic.
3
Year-over inflation fell to 2.9% in July.
After inflation upticks earlier in the year, inflation has fallen for four consecutive months, increasing expectations that the Federal Reserve will begin to lower the federal funds rate in coming months.
Year-Over Job Change July 2024
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Year-Over Job Change by Industry
July 2024
Year-Over Job Change
November 2010 – July 2024
Note: From March to December 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020.
Source: U.S. Bureau of Labor Statistics
Utah Unemployment Rate
July 2024
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
Source: Ivory-Boyer Construction Database Value of Construction in Utah March 2020 – June 2024
SLC International Airport Passengers January 2020 - June 2024 Consumer
Utah Bankruptcy Cases January 2020 - July 2024
Source: Kem C. Gardner Policy Institute
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