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
Both Utah and U.S. consumer sentiment increased in October.
Utah sentiment climbed above its year-to-date 2024 average while the average U.S. consumer feels less optimistic now relative to earlier in the year. Economic uncertainty remains as labor markets soften yet inflation continues to abate.
2
Utah’s year-over percent change in employment continues to converge with national trends.
Historically, employment growth in Utah surpassed national employment growth; however, this trend has moderated in recent months, with Utah employment growth nearing levels seen nationally.
3
While remaining relatively high, Utah’s labor force participation rate decreased slightly.
Utah’s labor force participation rate fell from 69.7% in September 2023 to 68.4% one year later. During the same timeframe, U.S. labor force participation rate remained essentially unchanged, falling slightly from 62.8% to 62.7%.
Unemployment Rate
Job Change Year-Over Percentage Change September 2024 September 2024
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Job Change by Industry Year-Over Percent Change
September 2024
Job Change Year-Over Percent Change
November 2010 – September 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
Utah Bankruptcy Cases
Source: