Total Total
1.7% 1.7% 4.9% 4.9%
Construction Construction Manufacturing Manufacturing
1.8% 1.8%
Information Information
1.9% 1.9%
Financial Activities Activities Financial
2.7% 2.7% -0.2% -0.2%
Other Services
3.6% 3.6%
Government Government
4.8% 4.8%
Education/Health Services Services Education/Health
April 2025
-2.0% Leisure/Hospitality Services Services -2.0% Leisure/Hospitality 4.5% 4.5%
Natural Resources Resources Natural
DASHBOARD
0.7% 0.7%
Professional/Business Services Services Professional/Business -1.0% -1.0%
Trade/Transportation/Utilities Trade/Transportation/Utilities
12% 12% 10% 10% 8% 8% 6% 6% 4% 4% 2% 2% 0% 0% -2% -2% -4% -4% -6% -6% -8% -8% -10% -10% -12% -12% THREE -14% ESSENTIAL INSIGHTS: -14% 2012 2014 2016 2018 2020 2012 2014 2016 2018 2020 US falls for Utah U.S. consumer sentiment US Utah
1.7% The Road to Prosperity Dashboard1.7% tracks Utah’s economic outlook. 1.1% The Dashboard, which is updated1.1% monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1 10% 10%
5% 5%
0% 0%
-5% -5%
the fourth straight month amid tariff concerns. National consumer sentiment dropped to its lowest level since summer 2022, when inflation peaked at 9%. Rising concerns about the effects of increased tariffs, including the potential for higher prices, contributed to the decline. Utah sentiment fell only slightly in April, dipping from 81.1 to 80.0.
2
2022 2022
2024 2024
Utah’s median home sales price remains relatively flat. Still-strong demand, limited supply, higher mortgage rates, and ongoing economic uncertainty have kept home prices mostly steady, even as overall market activity continues to slow. Through March, home sales in Utah fell slightly to 8,910, down from 9,059 during the same period in 2024.
3
Utah’s unemployment rate edges down in March while the U.S. unemployment rate ticks up. The national labor market remains strong yet shows signs of softening, including a slight increase in the national unemployment rate from 4.1% to 4.2% in March. In contrast, Utah’s unemployment rate fell from 3.2% to 3.1%, signaling continued strength in Utah’s labor market.
-10% -10%
Unemployment Rate March 2025 4.4% 4.4%
2.7% 2.7%
4.6% 4.6%
3.7% 3.7%
5.7% 5.7%
3.4% 3.4%
2.6% 2.6%
4.8% 4.8%
5.3% 5.3%
4.3% 4.3%
3.2% 3.2%
1.8% 1.8% 3.4% 3.4%
1.0% 1.0%
3.5% 3.5%
3.1% 3.1%
2.9% 2.9%
3.1% 3.1%
4.1% 4.1%
Job Change Year-Over Percentage Change March 2025
0.3% 0.3%
1.0% 1.0%
5.5% 5.5%
2.8% 2.8%
4.2% 4.2% 3.8% 3.8%
4.8% 4.8% 4.8%4.1% 4.8% 4.1% 3.8% 3.8% 3.8% 3.2% 3.8% 3.2% 3.8% 5.2% 3.8% 5.2% 3.7% 3.7% 3.6% 3.6% 3.3% 3.7% 3.3% 3.7% 4.1% 4.1% 3.6% 3.3% 3.6% 3.3% 3.9% 3.9% 4.1% 4.1% 4.4% 4.4%
4.7% 4.7% 3.6% 3.6%
0.4% 0.4%
CT CT DE DE MA MA MD MD NH NH NJ NJ RI RI VT VT
3.6% 3.6% 3.7% 3.7% 4.4% 4.4% 3.0% 3.0% 3.1% 3.1% 4.7% 4.7% 4.8% 4.8% 2.6% 2.6%
1.7% 1.7%
0.2% 0.2% -0.5% -0.5%
0.8% 0.8%
1.3% 1.3%
0.8% 0.8% 0.4% 0.4%
0.1% 0.1%
0.3% 0.3% 1.1% 1.1%
1.7% 1.7%
1.3% 1.3%
0.1% 0.1%
1.3% 1.3% 0.5% 0.5% -0.8% -0.8%
0.6% 0.6%
1.2% 1.2% 1.2% 1.2%
0.8% 0.8% 0.5% 0.5% 0.5% 0.5% -0.5% -0.5% 1.0% 0.7% 1.0% 0.7% 0.6% 0.6% 1.3% 1.3% 0.2% 0.2% 1.0% 2.4% 1.0% 2.4% 0.4% 0.4% 1.0% 1.0% 0.6% 0.6% 1.1% 1.1%
2.0% 2.0% 2.0% 2.0%
1.3% 1.3%
CT 0.3% 0.3% CT DE 0.5% 0.5% DE MA -0.3% -0.3% MA MD 0.4% 0.4% MD NH 0.9% 0.9% NH NJ 0.4% 0.4% NJ RI 0.7% 0.7% RI VT 0.4% 0.4% VT
2.9% 2.9%
Unemployment Rate Rate Unemployment
1.8% 1.8% Source: U.S. Bureau of Labor Statistics
S A LT L A K E C H A M B E R
5.7% 5.7%
-0.8% JobGrowth Growth -0.8% Job Source: U.S. Bureau of Labor Statistics
2.8% 2.8%
ROADMAP TO RECOVERY COALITION