Total
1.8% 1.8%
Construction
4.9% 4.9%
Manufacturing
1.0% 1.0%
Information
1.4% 1.4%
Financial Activities
0.3% 0.3%
Other Services
1.8% 1.8%
Government
4.3% 4.3%
Education/Health Services Leisure/Hospitality Services
DASHBOARD
5.3% 5.3% -2.1% -2.1%
December 2024 1.8% 1.8%
Natural Resources
Professional/Business Services
1.2% 1.2%
Trade/Transportation/Utilities
12% 10% 8% 6% 4% 2% 0% -2% -4% -6% -8% -10% THREE ESSENTIAL INSIGHTS: -12% -14%After 14 months of no growth or 2012 2014 2016 2018 2020 decline, Utah’s labor force US Utah
-1.0% -1.0%
The Road to Prosperity Dashboard tracks Utah’s economic outlook. 1.8% The Dashboard, which is updated1.4%monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
participation rate returns to its pre-pandemic rate following recent highs in 2023.
2
3
Both Utah and U.S. consumer 2024 sentiment increased in December, with Utah experiencing a greater increase.
2022
Utah sentiment grew 3.6%, compared to
The Salt Lake International Airport approaches another recordbreaking year in 2024, with passenger numbers expected to exceed last year’s totals.
Utah’s labor force participation rate came in at
3.1% nationally. The gap between Utah and
After serving a record number of passengers in
68.2% in Feb 2020, peaked at 69.7% in Sept
U.S. sentiment reached its highest point
2023 (more than 26.9 million), the Salt Lake
2023, and returned to 68.2% in Nov 2024. A
since Utah’s sentiment data collection
Airport will likely reach another record in 2024.
period of extremely tight labor markets drove
began. Additionally, Utah’s consumer
Through November, total enplaned and
up wages and the participation rate, but
sentiment reached its highest level in
deplaned passengers equaled 26.0 million,
recent labor market softening contributes to
roughly 3.5 years.
driven by continued growth in travel and
recent declines.
increased airport capacity.
Unemployment Rate November 2024 4.6% 4.6%
3.2% 3.2%
4.1% 4.1% 3.7% 3.7% 5.7% 5.7%
3.3% 3.3%
Job Change Year-Over Percentage Change November 2024
2.4% 2.4%
3.5% 3.5%
1.9% 1.9% 2.8% 2.8%
3.5% 3.5%
4.3% 4.3%
5.4% 5.4% 3.7% 3.7%
4.4% 4.4%
3.1% 3.1%
3.5% 3.5% 3.3% 3.3% 4.2% 4.2%
Unemployment Rate
1.9% 1.9% Source: U.S. Bureau of Labor Statistics
S A LT L A K E C H A M B E R
3.1% 3.1%
4.4% 4.4%
4.8% 4.8%
3.5% 3.5% 4.3% 4.3% 5.3% 5.3% 4.4% 4.4% 4.2% 4.2% 3.0% 3.0% 5.1% 3.7% 5.1% 3.7% 3.7% 3.7% 3.5% 3.5% 3.3% 3.3% 4.8% 4.8% 3.1% 3.1% 3.7% 3.7% 3.1% 3.1% 4.3% 4.3%
4.6% 4.6% 2.9% 2.9%
2.4% 2.4%
1.3% 1.3%
2.9% 2.9% 3.1% 3.1%
1.2% 1.2%
3.4% 3.4%
USA USA 4.2% 4.2% CT CT 3.0% 3.0% DC DC 5.6% 5.6% DE DE 3.9% 3.9% MA MA 4.0% 4.0% MD MD 3.1% 3.1% NH NH 2.5% 2.5% NJ NJ 4.6% 4.6% RI RI 4.6% 4.6% VT VT 2.4% 2.4%
5.7% 5.7%
0.4% 0.4%
1.8% 1.8%
1.2% 1.2% 1.8% 1.8%
1.3% 1.3%
2.5% 2.5% 0.0% 0.0% 2.0% 2.0%
1.7% 1.7%
1.4% 1.4%
1.3% 1.3% 1.7% 1.7% 1.9% 1.9%
0.7% 0.7%
1.1% 1.1% 0.7% 0.7%
1.6% 1.6%
1.1% 1.1%
1.4% 1.4% 1.0% 1.0% 0.6% 0.6% 1.4% 0.4% 1.4% 0.4% 1.7% 1.7% 2.6% 2.6% 1.5% 1.5% 1.6% 1.6% 1.6% 1.6% 2.5% 2.5% 1.7% 1.7% 1.4% 1.4% 0.9% 0.9% 1.7% 1.7% 1.1% 1.1%
0.1% 0.1%
2.8% 2.8% 1.6% 1.6% 1.6% 1.6%
Job 0.0% Job Growth Growth 0.0% Source: U.S. Bureau of Labor Statistics
USA USA 1.4% 1.4% CT CT 0.6% 0.6% DC DC 1.8% 1.8% DE DE 0.8% 0.8% MA MA 0.7% 0.7% MD MD 1.4% 1.4% NH NH 2.1% 2.1% NJ NJ 0.9% 0.9% RI RI 1.7% 1.7% VT VT 1.4% 1.4%
3.1% 3.1%
ROADMAP TO RECOVERY COALITION