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
Inflation ticked up slightly but remains below elevated levels seen earlier this year.
2
As inflation nears the 2% target rate, some stickiness persists. However, ongoing moderation in price growth and overall economic resilience bolster confidence in a soft landing despite persistent challenges in certain sectors.
Unemployment Rate
Median home sales price in Utah rebounded to a five-month high in October.
Utah’s median home sales price fell slightly through the summer but rose in October, remaining essentially unchanged relative to early summer months. Stability in prices highlights the hesitation of buyers and sellers amid ongoing interest rate uncertainty.
A 9.1% month-over increase in Utah’s consumer sentiment further expanded the gap between Utah and U.S. sentiment, with U.S. consumer sentiment rising just 1.8% month-over. This uptick reflects optimism in economic and household financial conditions. 3
Utah’s consumer sentiment reaches its highest level since June 2021.
Job Change Year-Over Percentage Change October 2024 October 2024
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Job Change by Industry Year-Over Percent Change
October 2024
Job Change Year-Over Percent Change
November 2010 – October 2024
Source: U.S. Bureau of Labor Statistics
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
Residential Non-residential Other
January 2000 - October 2024
Utah Bankruptcy Cases
January 2020 - October 2024
Source: Kem C. Gardner Policy Institute
Source: U.S. Bureau of Labor Statistics
Source: United States Bankruptcy Court