Total
1.9% 1.9%
Construction
6.6% 6.6%
Manufacturing
1.8% 1.8%
Information
2.1% 2.1%
Financial Activities
0.5% 0.5%
Other Services
-0.2% -0.2%
Government
4.2% 4.2%
Education/Health Services
5.5% 5.5%
Leisure/Hospitality Services
DASHBOARD
-0.8% -0.8%
Natural Resources
0.9% 0.9%
November 2024
Professional/Business Services Trade/Transportation/Utilities
12% 10% 8% 6% 4% 2% 0% -2% -4% -6% -8% -10% -12% THREE ESSENTIAL INSIGHTS: -14% 2012 2014 2016 2018 2020 Inflation ticked up slightly but US Utah
0.2% 0.2% -1.5% -1.5%
The Road to Prosperity Dashboard1.9%tracks Utah’s economic outlook. 1.3% The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
remains below elevated levels seen earlier this year.
As inflation nears the 2% target rate,
2
2022
3
2024
Median home sales price in Utah rebounded to a five-month high in October. Utah’s median home sales price fell
Utah’s consumer sentiment reaches its highest level since June 2021. A 9.1% month-over increase in Utah’s consumer sentiment further expanded
some stickiness persists. However,
slightly through the summer but rose
the gap between Utah and U.S.
ongoing moderation in price growth and
in October, remaining essentially
sentiment, with U.S. consumer sentiment
overall economic resilience bolster
unchanged relative to early summer
rising just 1.8% month-over. This uptick
confidence in a soft landing despite
months. Stability in prices highlights
reflects optimism in economic and
persistent challenges in certain sectors.
the hesitation of buyers and sellers
household financial conditions.
amid ongoing interest rate uncertainty.
Unemployment Rate October 2024
Job Change Year-Over Percentage Change October 2024 0.3% 0.3%
4.7% 4.7% 3.3% 3.3%
4.0% 4.0% 3.7% 3.7% 5.7% 5.7%
2.4% 2.4%
3.2% 3.2%
3.4% 3.4%
4.1% 4.1%
5.4% 5.4% 3.6% 3.6%
4.3% 4.3%
3.4% 3.4% 3.3% 3.3% 4.1% 4.1%
4.6% 4.6%
4.7% 4.7% 3.0% 3.0%
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
3.2% 3.2%
4.4% 4.4% 3.4% 3.4%
4.3% 4.3% 5.3% 4.4% 5.3% 4.4% 4.2% 4.2% 2.9% 2.9% 3.8% 3.8% 5.0% 5.0% 3.7% 3.7% 3.3% 3.3% 3.3% 3.3% 4.7% 4.7% 2.9% 2.9% 3.6% 3.6% 2.9% 2.9% 4.1% 4.1% 3.3% 3.3%
2.9% 2.9%
2.5% 2.5% 0.7% 0.7%
2.9% 2.9%
1.9% 1.9% 2.7% 2.7%
3.5% 3.5%
2.9% 2.9%
USA USA CT CT DC DC DE DE MA MA MD MD NH NH NJ NJ RI RI VT VT
4.1% 4.1% 3.0% 3.0% 5.7% 5.7% 4.0% 4.0% 3.9% 3.9% 3.0% 3.0% 2.5% 2.5% 4.7% 4.7% 4.6% 4.6% 2.3% 2.3%
5.7% 5.7%
1.2% 1.2%
1.1% 1.1% 2.1% 2.1%
1.1% 1.1%
1.3% 1.3%
0.8% 0.8%
1.4% 1.4% 1.6% 1.6% 1.9% 1.9%
2.1% 2.1%
1.1% 1.1%
1.1% 1.1%
2.1% 2.1%
1.9% 1.9%
2.0% 2.0%
1.7% 1.7%
0.8% 0.8% 1.1% 1.1%
1.2% 1.2%
0.2% 0.2%
1.5% 1.5%
1.6% 1.6%
2.6% 2.6% 1.1% 1.1% 1.3% 1.9% 1.3% 1.9%
1.0% 1.0% 0.6%1.6% 0.6% 1.6% 0.4% 0.4% 1.5% 1.5% 2.8% 2.8% 0.9% 0.9% 1.5% 1.5% 1.3% 1.3%
0.5% 0.5% 1.3% 1.3%
USA 1.3% 1.3% USA CT 0.4% 0.4% CT DC 0.9% 0.9% DC DE 0.5% 0.5% DE MA 0.9% 0.9% MA MD 0.9% 0.9% MD NH 1.6% 1.6% NH NJ 0.9% 0.9% NJ RI 1.7% 1.7% RI
1.6% 1.6%
VT 2.5% 2.5% VT
0.2% Job Growth 0.2%
3.2% 3.2%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION