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
Rising oil and gasoline prices increase energy costs and push inflation to highest level in three years.
From April to May, headline inflation rose from 3.8% to 4.2% year-over. Core inflation, excluding food and energy, increased from 2.8% to 2.9% as price pressures broaden beyond energy.
Unemployment Rate
2
Utah consumer sentiment fell 0.2% in May, while U.S. consumer sentiment dropped 10%, reaching an all-time low.
The Zions Bank Consumer Sentiment Index fell from 70.5 in April to 70.3 in May. Rising gas and energy prices likely continue to weigh on U.S. consumer sentiment.
3
Utah’s labor market remains subdued.
While the Utah unemployment rate remains at 3.8% in April, job growth remains slow at 0.6% year-over, just above the national rate of 0.2%.
Job Change Year-Over Percentage Change April 2026 April 2026
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Job Change by Industry Year-Over Percent Change
April 2026 January 2000 – April 2026
Note: From March to December 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020.
Source: U.S. Bureau of Labor Statistics
Utah Unemployment Rate May 2026
Source: Kem C. Gardner Policy Institute Value of Construction in Utah March 2020 –
October 2020 – May 2026
January 2000 - May 2026
Utah Bankruptcy Cases
January 2020 - March 2026
SLC International Airport Passengers January 2020