Utah Year-Over Job Change by Industry April 2023
Year-Over Job Change November 2010 – April 2023
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
1.7% 5.3% Unemployment Rate 1.8% Summit 3.7% Wayne 2.4% Washington 2.0% Wasatch 2.2% Utah 2.8% Uintah 2.4% Tooele 2.4% Sevier 2.6% Sanpete 3.5% San Juan 2.2% Salt Lake 4.1% Piute 2.1% Millard 2.3% Kane 1.9% Juab 2.2% Iron 2.8% Grand 5.3% Gar eld 2.8% Emery 2.5% Duchesne 3.1% Carbon 2.1% Box Elder 2.4% Beaver 1.9% Cache 2.3% Rich 2.3% Weber 2.0% Davis 1.7% Morgan 4.0% Dagget Utah Unemployment Rate April 2023 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 F J ‘23 $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 J ‘23 Residential Non-residential Other 800 900 67% 68% 69% 69.1% 68.3% 67.4% M A M J J A S O N D M A M J J A S O N D $479,368 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 F M A M A M J J O N D M A M J J A O S A S D N J 2022 J 2023 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 J ‘23 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% 69.1% 62.6% 68.3% 60.2% 67.4% 63.4% A M J J A S O N D J
Ivory-Boyer Construction Database
of Construction in Utah March 2020 –January 2023 Utah Median Home Sales Price January 2020 – March 2023 1.9% 5.4% 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% 2.6% 2.6% Unemployment Rate MA 3.3% CT 3.8% RI 3.0% NJ 3.5% MD 2.5% DC 5.0% DE 4.3% NH 2.1% VT 2.4% USA 3.4% Job Growth 3.3% 3.7% 2.4% 3.3% 4.3% 3.1% 1.9% 3.1% 4.1% 4.0% 2.9% 3.7% 2.1% 4.0% 5.4% 2.0% 2.3% 2.5% 3.4% 3.8% 3.6% 3.7% 2.9% 3.0% 4.2% 2.6% 3.1% 2.6% 2.8% 3.4% 2.2% 4.5% 2.8% 2.7% 2.4% 2.8% 3.5% 3.4% 3.3% 4.0% 2.3% 3.5% 2.3% 2.2% Education/Health Leisure/Hospitality Professional/Business Trade/Transportation/Utilities
Source:
Value
2.8% 2.3% -1.0% 4.1% 5.4% 2023 2.6% 2.6% 3.3% 3.8% 3.0% 3.5% 2.5% 5.0% 4.3% 2.1% 2.4% 3.4% Job Growth MA CT RI NJ MD DC DE NH VT 2.5% 0.9% -1.0% 2.0% 1.5% 1.2% 2.0% 2.1% 0.9% USA 2.6% 2.4% 3.4% 2.1% 2.0% 2.4% 2.4% 2.3% 2.1% 1.4% 2.1% 2.3% 4.1% 2.0% 1.7% 1.4% 1.1% 2.5% 2.2% 1.9%2.8% 3.1% 2.3% 3.5% 2.5% 2.0% 1.9% 2.1% 1.6% 0.5% 2.6% 3.8% 2.5% 2.3% 2.1% 1.9% 1.5% 0.6% 3.2% 1.4% 0.5% 2.2% 11.4% -1.8% 1.7% 1.6% 3.4% 2.6% 2.8% 2.7% 5.8% 6.2% 2.8% 0.8% Total Construction Manufacturing Information Financial Activities Other Services Government Education/Health Services Leisure/Hospitality Services Natural Resources Professional/Business Services Trade/Transportation/Utilities Source: U.S. Bureau of Labor Statistics
Consumer Confidence
October 2020 – April 2023
Source: United States Bankruptcy Court
Utah Taxable Retail Sales
January 2020 - February 2023
changes in the labor force participation rate
U.S. Inflation Consumer Price Index Year-Over Change
January 2000 - April 2023
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 - April 2023
SLC International Airport Passengers
January 2020 - March 2023
SALT LAKE CHAMBER
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 F J ‘23 M F J 2020 A M J J A S O N D J 2021 F F F M A M A M J J O N D M A M J J A O S A S D N J 2022 J 2023 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 J ‘23 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 D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 J 2023 F 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 D J 2023 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 J 2023 F M M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 69.1% 62.6% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N A D F M M J J A S O N A M A M J J A S O N D M A M J J A S O N D F M $479,368
ROADMAP
Source: Salt Lake City International Airport 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 F J ‘23 M F J 2020 A M J J A S O N D J 2021 F F F M A M A M J J O N D M A M J J A O S A S D N J 2022 J 2023 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 J ‘23 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 D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 J 2023 F 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 D J 2023 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 J 2023 F M M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 69.1% 62.6% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N A D F M M J J A S O N A M A M J J A S O N D M A M J J A S O N D J F M $479,368
Force Participation Rate January 2020 – April 2023 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 F J ‘23 M F J 2020 A M J J A S O N D J 2021 F F F M A M A M J J O N D M A M J J A O S A S D N J 2022 J 2023 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 J ‘23 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 D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 J 2023 F 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 D J 2023 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 J 2023 F M M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 69.1% 62.6% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N A D F M M J J A S O N A M A M J J A S O N D M A M J J A S O N D F M $479,368
Labor
0 50 100 N D J 2021 O 2020 F F M A M J J A S O N D F M A M A M J J A O S D N J 2022 J 2023 U.S. Utah 2003 2008 2013 2018 2023 -2% 0% 2% 4% 6% 8% 10% 4.9% Recession 0 N D J 2021 O 2020 F F M A M J J A S O N D F M A M A M J J A O S D N J 2022 J 2023 2003 2008 2013 2018 2023 -2% 0% 2% 4% 6% 8% 10% 4.9% Recession Source: Kem C. Gardner Policy Institute Source: Bureau of Labor Statistics Source: United States Bankruptcy Court Note: The y-axis starts at 60% to better illustrate
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 F J ‘23 M F J 2020 A M J J A S O N D J 2021 F F F M A M A M J J O N D M A M J J A O S A S D N J 2022 J 2023 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 J ‘23 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 D N 0 1 2 3 4 5 Retail Sales ($ Billions) M A M J A S O J J 2022 J 2023 F 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 D J 2023 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 J 2023 F M M A M J J A S O N D 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 69.1% 62.6% 68.3% 60.2% 67.4% 63.4% M A M J J A S O N A D F M M J J A S O N A M A M J J A S O N D M A M J J A S O N D J F M $479,368