Total
1.7%
Construction
2.6%
Manufacturing
0.1%
Information
6.3%
Financial Activities
2.1%
Other Services
3.5%
Government
3.0%
Education/Health Services
4.3%
Leisure/Hospitality Services
4.6%
Natural Resources
DASHBOARD
Professional/Business Services Trade/Transportation/Utilities
12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0%
4.0%
January 2024
-0.5% -1.7%
The Road to Prosperity Dashboard1.9% tracks Utah’s economic outlook. 1.7% The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
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THREE ESSENTIAL INSIGHTS: 2012 2014 2016
2018 2020 Utah
US
SLC Airport passengers in 2023 topped previous annual record.
More than 26.9 million passengers came through the airport in 2023, beating the 2019 record as airport capacity increased and travel continued its strong post-pandemic recovery.
2022
Year-over inflation falls slightly but remains stubbornly above target rate. January inflation came in at 3.1%, down from 6.4% one year earlier. Inflation continues to slow, indicating progress toward the Fed’s 2% goal.
Unemployment Rate December 2023
Utah’s median home sales price falls to lowest point in 11 months in December. High interest rates and limited supply continue to slow price increases in Utah’s housing market. January 2023 represented the only month during the previous calendar year reporting a lower median home sales price than December.
Year-Over Job Change December 2023 1.9% 1.9%
4.2% 4.2% 3.7% 3.7%
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2024
3.2% 3.2% 3.3% 3.3%
5.4% 5.4%
3.0% 3.0%
2.8% 2.8%
5.1% 5.1% 4.3% 4.3%
3.4% 3.4% 4.0% 4.0%
1.9% 1.9%
3.2% 3.2%
2.9% 2.9%
2.0% 2.0%
3.3% 3.3%
4.3% 4.3%
3.2% 2.3% 3.2% 2.3%
4.5% 4.5% 3.5% 3.5%
3.7% 3.7% 3.6% 3.6% 4.8% 4.8% 4.3% 4.3% 3.0% 3.0% 2.8% 3.3% 2.8% 3.3% 4.3% 4.3% 3.5% 3.5% 3.5% 3.5% 3.4% 3.4% 3.4% 3.0% 3.0% 3.4% 2.6% 2.6% 3.4% 3.4% 3.3% 3.3% 4.0% 4.0% 3.7% 3.7% 3.0% 3.0%
4.5% 4.5%
1.0% 1.0%
USA 3.7% 3.7% USA VT 2.2% 2.2% VT NH 2.5% 2.5% NH 3.2% MA 3.2% MA CT 3.8% 3.8% CT RI 3.2% 3.2% RI NJ 4.8% 4.8% NJ MD 1.9% 1.9% MD DC 5.1% 5.1% DC DE 4.2% 4.2% DE
1.8% 1.8% 2.9% 2.9%
3.5% 3.5%
2.9% 2.9% 1.0% 1.0%
1.8% 1.8%
2.4% 2.4%
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
1.1% 1.1%
1.8% 1.8% 1.5% 1.5%
0.6% 0.6%
0.9% 0.9%
1.9% 1.9% 0.9% 0.9% 1.9% 2.6% 1.9% 2.6% 1.1% 1.1% 2.4% 2.4% 1.9% 1.9% 0.8% 0.8% 2.8% 2.8% -0.3% -0.3% 2.2% 2.2% 1.8% 1.8%
1.9% 1.9% 2.8% 2.8%
1.9% 1.9%
0.8% 0.8% 1.9% 1.9%
1.7% 1.7%
1.3% 1.1% 1.3% 1.1% 2.9% 2.9%
2.9% 2.9%
Unemployment Rate
3.0% 3.0% 1.1% 1.1%
1.7% 1.7%
2.0% 2.0%
2.6% 1.7% 2.6% 1.7%
USA 1.9% 1.9% USA VT 0.2% 0.2% VT NH 1.9% 1.9% NH MA 2.1% 2.1% MA CT 1.4% 1.4% CT RI 0.7% 0.7% RI NJ 1.5% 1.5% NJ MD 1.0% 1.0% MD DC 1.3% 1.3% DC DE 2.0% 2.0% DE
1.0% 1.0% 5.4% 5.4%
Job Growth
-0.3% -0.3%
3.5% 3.5%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION