DASHBOARD
June 2021
The Roadmap to Recovery Dashboard tracks Utah’s path to a full and complete economic recovery from the COVID-19 recession. The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators since the start of the pandemic. THREE ESSENTIAL INSIGHTS:
1
Utah’s unemployment rate
2
Utah sees two-year job growth.
remains lowest in the nation.
Utah’s April 2.8% unemployment rate ties for lowest in the nation with several other states. This unemployment rate mirrors pre-pandemic levels and this month marks the eight consecutive month of decline.
Job growth for April 2021 is compared to April 2019 due to the large declines seen in April 2020. Utah is one of only two states to see job growth by this comparison at 2.5%.
Utah Continued Weekly Unemployment Claims March 2020 – May 2021 140,000
Continued Claims
120,000
March and April 2021 show a significant jump in SLC airport passengers. While not yet matching pre-pandemic travel, April 2021 surpassed 1.5 million passengers compared to less than 200,000 in April 2020.
Utah Job Change by Industry April 2019 - April 2021 2019 Average
Total
2.5%
Construction
11.2%
Manufacturing
100,000
5.1%
Information
80,000
0.3%
Financial Activities
60,000
9.4%
Leisure & Hospitality
40,000
Other Services
20,000
Government
-5.0% 1.2% -3.1%
Education/Health Services
Mar
Apr
3.8% 10.4%
May
Jun
Jul
Aug
Sep
Oct
8.6%
5.3%
4.5%
4.1%
5.0%
4.1%
Nov Dec Jan Feb Mar Apr May
Natural Resources
4.3%
Professional/Business Services
3.5% 3.3% 3.0% 2.9% 2.8% NA
0
3
Utahns increase air travel.
Unemployment Rate 12% 10%Utah Department of Workforce Services Source: 8% 6% 4% 2% 0.5% S A 0% LT L A K E C H A M B E R 0.1% -2% -4% -6% -8%
Trade/Transportation/Utilities 11.0% 10.9%
1.0% -15.1% 7.1% 3.4%
Note: Beginning March 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020. Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION
Unemployment Rate April 2021
Job Change Two-Year Percent Change, April 2021 -3.3% -3.3%
5.5% 6.0% 6.0%
3.7%
4.2% 4.2%
3.1% 3.1%
8.0% 8.0%
3.9% 3.9%
6.4% 6.4%
8.3% 8.3%
3.5% 3.5% 4.3% 4.3%
8.2% 8.2%
7.4% 7.4% 4.7% 4.7% 5.8% 5.8% 4.7% 4.7% 4.1% 4.7% 4.1% 4.7% 5.0% 5.0% 5.0% 5.0% 4.4% 5.0% 4.4% 5.0% 4.3% 6.2% 6.2% 3.6% 3.6% 4.3%
6.7% 6.7%
VT VT NH NH MA MA CT CT RI RI NJ NJ MD MD DC DC DE DE
7.3% 7.3% 4.8% 4.8%
-6.5% -6.5%
-2.2% -2.2%
USA USA 6.1% 6.1%
7.1% 3.9% 7.1%3.9%
6.7% 6.7%
-5.5% -5.5%
8.2% 8.2%
4.9% 4.9%
3.8% 3.8%
2.8% 2.8%
2.8% 2.8%
6.7% 6.7%
4.1% 4.1%
2.8% 2.8%
5.4% 5.4%
-0.5% -0.5%
4.8% 4.8%
2.9% 2.9% 2.8% 2.8% 6.5% 6.5% 8.1% 8.1% 6.3% 6.3% 7.5% 7.5% 6.2% 6.2% 7.5% 7.5% 6.4% 6.4%
-6.4% -6.4%
2.8% 2.8%
8.5% 8.5%
Utah Unemployment Rate April 2021
-2.9% -2.9%
-7.4% -7.4%
-5.2% -5.2%
-6.5% -6.5% -5.1% -5.1% -4.4% -4.4% -4.0% -4.3% -4.0% -4.3% -3.8% -8.1% -3.8% -8.1% -4.2% -3.1% -4.2% -3.1% -1.7% -1.7% -1.7% -1.7% -4.7% -4.7% -0.9% -3.3% -0.9% -3.3% -2.8% -2.8% -3.3% -3.3% -7.0% -7.0% -1.8% -1.8% -8.0% -8.0%
-3.4% -3.4%
3.9% 3.9%
-4.1% -4.1%
Job JobGrowth Growth
USA USA -4.1% -4.1% VT -3.9% VT -3.9% NH -7.0% NH -7.0% MA -4.1% MA -4.1% -6.9% CT CT -6.9% RIRI -7.1% -7.1% NJ -7.1% NJ -7.1% MD -4.9% MD -4.9% DC -4.7% DC -4.7% -7.4% DE DE -7.4%
2.6% Summit 2.5% Wasatch
4.9% Duchesne
4.0% Emery
3.6% Grand
3.2% Sevier
5.6% Garfield 2.7% Kane
6.1% San Juan
Finan
Leisu
-14.6% -14.6%
3.9% 3.9%
Source: Utah Department of Workforce Services
S A LT L A K E C H A M B E R
Othe
Gove
140,000
Natu
Educ
2019 Average
Profe
Trade
100,000 12% 11.0% 10% 80,000 10.9% 8% 6% 60,000 4% 2% 0.5% 40,000 0% -2% 0.1% 20,000 -4% -6% 0 May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May -8% Mar Apr -10% 3.8% 10.4% 8.6% 5.3% 4.5% 4.1% 5.0% 4.1% 4.3% -12% -14% Unemployment Rate 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 US Utah
Value of Construction in Utah March 2020 - March 2021
$500
$0 5.5%
Unemployment Rate 1.9%
Infor
$1,000
4.4% Wayne
4.2% Piute
Manu
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
3.9% Carbon
2.8% Sanpete
2.3% Millard
5.7% Uintah
Total
Cons
Note: Beginning March 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020. Source: U.S. Bureau of Labor Statistics
$ Millions
2.6% Salt Lake
2.0% Juab
2.7% Washington
-5.5% -5.5%
3.5% 3.3% 3.0% 2.9% 2.8% NA
1.9% Cache 2.3% Rich 2.8% Weber 2.3% Davis 2.0% Morgan 2.8% Dagget
2.3% Utah
2.7% Iron
-9.3% -9.3%
-0.7% -0.7%
Job Change Continued Claims 120,000 Year-Over Percent Change, April 2021
2.2% Box Elder
2.8% Beaver
-3.1% -3.1%
-7.1% -7.1%
-5.4% -5.4%
-14.6% -14.6%
Source: U.S. Bureau of Labor Statistics
2.8% Tooele
2.5% 2.5%
-1.4% -1.4%
8.5% 8.5%
Unemployment Unemployment Rate Rate
-5.2% -5.2%
-7.5% -7.5%
6.1%
Mar Apr May Jun 2020 Residential
Jul Aug Sep Oct Nov Dec Jan Feb Mar 2021 Non-residential
-
Other
3.7% 4.8% 4.2% 4.1% 6.0% Ivory-Boyer Construction Database Source: 3.1% 3.9% 2.8% 8.2% 4.9% 5.4% 3.8% 7.4% 2.8% 8.0% 4.7% USA 6.1% 3.9% 2.8% R O A6.4% D M A P T O R E7.1% C O V E R5.8% Y 4.7% C O A LVTI T2.9% IO 3.5% 8.3% 4.1% 4.7% NH 2.8% 5.0% 5.0% MA 6.5% 4.3% 4.4% 6.7% 5.0% CT 8.1% 8.2% 4.3%
-5.5
N
-6.4%
0
1,000,000 $0
$5,000 $5,000 0 $4,000 $4,000
50
2021
Utah Bankruptcy Cases 40,000 40 60 20 January 20,000 2019 - April 2021
Apr
Apr
Jan
Dec
Nov
Oct
Aug
January 2019 - April 2021 40,000
7% 120,000
400
3%
20,000 U.S. Cumulative Case Fatality Rate 100,000 Utah Cumulative Case Fatality 2019 Rate 0 5% Nov. Dec. 80,000 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. 2020 4% 2021 60,000 6%
40,000 2% 1% 20,000 0%
0
2020
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 2021
Note: Data only includes conferences/conventions with 1500 attendees or more. Source: Visit Salt Lake
ROADMAP TO RECOVERY COALITION 2.5 200 1.5
Cum
0 120,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 200 2017 2018 2019 2020 100,000 2019 120,000 0 80,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb2020 Mar Apr 100,000 2020 2021 2019 2021 120,000 60,000 2019 Average Bankruptcy Cases Filed 2020 80,000 100,000 40,000 2019 2021 Source: 60,000United States Bankruptcy Court 80,000 2020 20,000 40,000 2021 S60,000 A L T0 L A K E C H A M B E R Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 20,000 40,000 100 20,0000 U.S. Utah Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
AprApr
FebFeb Mar Mar
Dec Dec JanJan
Nov Nov
OctOct
SepSep
Aug Aug
JulJul
JunJun
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2017 2018 2019 2020 Visit Salt Lake Facility Attendees 2021 60,000 80,000
20 0 40 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 800 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019 2020 600 200 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019 2020
Mar
Jan
Feb
Aug
Jul
Jun
May
Note: The Index can range from 0 to 100. A score below 50 indicates executives believe the economy will worsen; a score above 50 indicates a belief among executives that the $020 economyJan will improve Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 120,000 Source: Salt 2020Lake Chamber’s CEOutlook. Kem C. Gardner Policy Institute, and 2021 Utah 2019 Average Retail Sales 100,000 Bureau0of Labor Statistics 2019
Mar
Q4
50
0.5
Apr
Confidence Index Confidence IndexIndex Confidence
40 60,000
2021
Airport Passengers 2020
2021
Feb
2020
2020
Jan
12/14 12/21 12/28 1/4 1/11 1/18 1/25 2/1 2/8 2/15 2/22 3/1 3/8 3/15 3/22 3/29 4/5 4/12 4/26 5/10 2021
0 120,000 Jan0 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2021 Jan Feb Mar Apr 60 100,000 2020 2019
0.5 0
50 $3,00060 2020 2021 0 500 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 0 Q3 Q4 $2,000 2017 2018 2019 2020 40 $1,000 2020 2021
Dec
0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q20 Q3 Q4 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 2017 2018 2019 2020 1,000,000 2020 2021 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
40
1.5
1.0 $4,076 0
Nov
1,509,854
1,500,000 0
0
100 20 $4,000
Oct
0.5
20 50
2021
Sep
60
2020
40 50 150 $5,000 0
Aug
1.0
2019 Average 80,000 50State of Utah Unified Response Source: Scorecard 60
1.5
1.5
1.0
Jul
80
40 100 2,000,000 2020
Apr
2.5 2.5
2021
060100 2.5 1.0 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 200 0.5 Apr 50 50
Jun
Vaccines Doses by Week Confidence Index (Thousands)
Utah
2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Note: Number of vaccines includes date listed and the following 6 days. 2020 2021 2020 40 Source: Utah Department of Health 200
150
Cumulative Vaccines (Millions)
1.5
2020 2020 500,000
2021
20 150 CEO Confidence Index, Q1 2017 – Q4 2020
2.5
100
U.S.
2020
200
60200
60 50 150 4040
0 60
May
Utah Utah
0
12/1412/14 12/2112/21 12/2812/28 1/4 1/4 1/11 1/11 1/18 1/18 1/25 1/25 2/1 2/1 2/8 2/8 2/15 2/15 2/22 2/22 3/1 3/1 3/8 3/8 3/15 3/15 3/22 3/22 3/29 3/29 4/5 4/5 4/12 4/12 4/26 4/26 5/10 5/10
U.S.
80 Consumer ConfidenceU.S. 80 January 2020 - April 2021 60
2021
Bankruptcy Cases Filed
2021
Cumulative Vaccines Cumulative Vaccines Cumulative Vaccines (Millions) (Millions) (Millions)
100
2019 Average
Utah
2021
Apr
2020
1% 0%
U.S.
12/14 12/21 12/28 1/4 1/11 1/18 1/25 2/1 2/8 2/15 2/22 3/1 3/8 3/15 3/22 3/29 4/5 4/12 4/26 5/10
100 Center Resource
802020
2%20
0
Jul
2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Jan Department Feb Mar Apr May Jun Jul Aug SepUniversity Oct Nov(JHU) Dec2021 Jan Feb Mar Apr Source: Utah of Health and John Hopkins Coronavirus 2020
2020
Jun
Apr
Mar
Jan
Feb
Dec
Nov
Oct
Sep
Bankruptcy Cases Filed
Aug
Jul
Jun
May
0 0 2020
Apr
2019 Average
0% 20
200
Mar
Apr
3%
May May
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2021 Jan Feb Mar Apr 2020 2020 2019 Average Bankruptcy Cases2021 Filed
May
2%040 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
400 1%
AprApr
3%
600 0
12/14 12/21 12/28 1/4 1/11 1/18 1/25 2/1 2/8 2/15 2/22 3/1 3/8 3/15 3/22 3/29 4/5 4/12 4/26 5/10
20060
Apr
200 800 4%
7% 2020 2021 Utah Vaccine Doses2019 by Week 7% Average Retail Sales U.S. Cumulative Case Fatality Rate 0 6% U.S.Oct Cumulative Case Jan Feb Mar Apr May Jun Jul Aug Sep Nov Dec Jan Feb MarRate Apr 100 6% December 14, 2020 - May 10, 2021 Utah Cumulative CaseFatality Fatality Rate 2.5 Rate 5% 2020 Utah Cumulative2021 Case Fatality U.S. Utah 5% 2019 Average Bankruptcy Cases Filed 4% 200 4%80 1.5 3% 3% 150 7% 2% U.S. Cumulative Case Fatality1.0 Rate 2%60 6% 1% 100 Utah Cumulative Case Fatality Rate 1% 5% 0% 100 0.5 0%40 50 4% Mar Mar
Utah U.S. Cumulative Case Fatality Rate Utah Cumulative Case Fatality Rate
$0
5% 4% 3% 2% 7% 1% 6% 0% 5% 4%
202
3% 2%
Cumulative Vaccines (Millions)
U.S.
6% 400 40080 5%
2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Vaccines Doses by Week (Thousands)
100 600 7% 600
2021
Airport Passengers
200$0
Mar
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2020 Case Fatality Rate Cumulative 2019 Average 800 800 March, 2020 - April 2021
2020
Source: Utah State Tax Commission
Feb
Retail Sales Bankruptcy Cases Filed
Vaccines Doses by WeekDoses by Week Vaccines Confidence Index Doses by Week Vaccines (Thousands) (Thousands) (Thousands)
2019 Average Source: Salt Lake City International Airport 2019 Average
$5,000 $1,000 $1,000 4% $4,076 200 $4,000 3% $0 $0 800 Jan Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Jul Aug Aug Sep Sep Oct Oct Nov Nov Dec Dec Jan Jan Feb Feb Mar Mar 2% Jan $3,000 0 2020 2021 2021 1% Jan2020Feb Mar Apr May2019 Jun Average Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr RetailSales Sales 2019 Average Retail 600 2020 2021 $2,000 0% Note: As of October 2019,2019 marketplace with a Utah Cases nexus Filed were required to pay AveragefacilitatorsBankruptcy $1,000 400 tax, increasing taxable retail sales. sales Apr
Jan Feb Feb Mar Mar Apr Apr May MayJun Jun JulJul Aug AugSep SepOct OctNov NovDec DecJanJanFebFebMarMarApr Jan 2021 2021
500,000 2020 2020
5% 400
Mar
2021 AirportPassengers Passengers Airport
2019Average Average 2019
Airport Passengers U.S. Cumulative Case Fatality Rate Utah Cumulative Case Fatality Rate
Confidence Index
2020
0
6%
2021
2019 Average
$2,000 $2,000
eek
Apr
7%
6%
1,000,000
$0 0
$4,076 $4,076 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
600
$3,000 600 500,000 500,000 2,000,000 $2,000 400 1,509,854 0 1,500,0000 Jan Feb Feb Mar Mar Apr Apr May May Jun Jun Jul Jul Aug Aug Sep Sep Oct Oct Nov Nov Dec Dec Jan Jan Feb Feb Mar Mar Apr Apr Jan $1,000 200 2020 2021
$1,000
Mar
$4,000 800 1,000,000 1,000,000
54
800
$2,000
2020
$3,000 $3,000 7%
$4,076
2021
Mar
1,509,854 1,509,854
Dec Jan Feb Mar
Dec
2,000,000 2,000,000 $5,000 1,500,000 1,500,000
Utah Taxable Retail Jan Feb Mar Apr Sales May Jun(millions) Jul Aug Sep Oct Nov 2020 500,000 2019 - March 2019 January 2021 Average Retail Sales
Nov
Airport Passengers
Airport Passengers
Oct
2021
$3,000
2021
2019 Average
Sep
Oct Nov Dec Jan Feb Mar Apr
2020
Sep
SLC International Passengers Jan Feb MarAirport Apr May Jun Jul Aug Sep 2020 January 2019 - April 2021 2019 Average
$4,000 $0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan1,509,854 Feb Mar Apr
1% 0%
2
20
Vaccines Doses by WeekVaccines Doses by Week (Thousands) (Thousands)
500,000
2,000,000 $2,000 0 1,500,000 $1,000
1,000,000
1
1
2
1
1
Special thanks to the Roadmap to Recovery Coalition Investors
“Utah continues with the best unemployment rate in the nation at 2.8%. This comes just one year after the April 2020 rate of 10.4% showing just how far we’ve come! We are well on our way to a full economic recovery.”
Roadmap to Recovery Investor
Protect the Hive Investor
Scott Parson, Co-Chair
Innovate Investors
“Looking back on the past year, Utah has made great strides. I am proud of our state’s commitment to keep moving forward toward a full recovery for all.” Mikelle Moore, Co-Chair
Convener Investor
Collaborator Investor
Rio Tinto Kennecott
Prepared by the Kem C. Gardner Policy Institute