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Roadmap to Prosperity Economic Dashboard | December 2025

Page 1

Total Total

1.0% 1.0%

Construction Construction

1.0% 1.0%

Manufacturing Manufacturing

-0.3% -0.3%

Information Information

4.4% 4.4%

Financial Activities Activities Financial

2.4% 2.4%

Other Services Services Other

-2.4% -2.4%

Government Government

2.1% 2.1%

Education/Health Services Services Education/Health

3.9% 3.9%

Leisure/Hospitality Services Services Leisure/Hospitality

December 2025

1.4% 1.4%

Natural Resources Resources Natural

-1.7% -1.7%

DASHBOARD Professional/Business Services Services Professional/Business

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 ESSENTIAL INSIGHTS: -14% -14% 2000 2004 2008 2012 2000 2004 2008 2012

0.9% 0.9%

-1.8% -1.8%

1.0% 1.0% The Road to Prosperity Dashboard tracks Utah’s economic outlook. The Dashboard, which is updated0.5% monthly, provides essential insights, 0.5% tracks timely and leading measures, and shares salient indicators.

1

U.S. U.S.

Utah’s labor market shows signs of softening.

2016 2016

Utah Utah

Despite year-over job growth in Utah (1.0%) exceeding the U.S. average (0.5%), the deceleration—coupled with an increase in Utah’s unemployment from 3.4% to 3.6%—suggests a softening labor market.

2 2020 2020

2024 2024

Zions Bank Utah consumer sentiment rose in December.

According to the Zions Bank Consumer Sentiment Survey, Utah consumer sentiment rose 5.4% in December to 79.9. However, sentiment fared 12.5% lower than December 2024, while the U.S. consumer sentiment dropped 28.5%.

Unemployment Rate November 2025

3.3% 3.3%

5.2% 5.2% 3.7% 3.7% 5.2% 5.2%

3.6% 3.6%

5.5% 5.5% 4.3% 4.3%

2.6% 2.6%

3.4% 3.4%

4.2% 4.2%

4.0% 4.0% 3.1% 3.1%

2.1% 2.1% 3.0% 3.0%

3.9% 3.9%

Salt Lake City International recorded its lowest passenger count since February 2023. The decrease marks a 1.3% yearover decline in November. This dip likely reflects air travel impacts associated with the federal government shutdown.

Job Change Year-Over Percentage Change November 2025 3.2% 3.2%

4.6% 4.6%

3

Air travel dips in November.

3.5% 3.5%

0.0% 0.0%

-0.9% -0.9% 0.7% 0.7%

0.4% 0.4% 5.0% 5.0%

1.3% 1.3%

4.5% 4.5% 4.2% 4.2%

4.5% 4.5% 4.4% 4.4% 3.7% 4.4% 4.4% 3.7% 3.8% 3.5% 3.8% 3.5% 4.0% 4.0% 4.7% 4.7% 3.8% 3.8% 3.6% 3.6% 3.5% 4.1% 3.5% 4.1% 4.6% 4.6% 3.8% 3.8% 3.5% 3.5% 2.7% 2.7% 4.2% 4.2% 4.3% 4.3%

4.7% 4.7% 4.2% 4.2%

0.4% 0.4%

1.3% 1.3%

0.8% 0.8%

0.0% 0.0%

0.9% 0.9% 0.9% 0.9% 1.4% 1.4% 0.3% 0.3% -0.2% -0.2% 0.8% 0.8% 1.0% -0.1%0.6% -0.3% 1.0% -0.1% 0.6% -0.3% 0.7% 0.7% 0.0% 0.0% 0.2% 0.2% 2.1% 2.1% 0.3% 0.3% 1.6% 1.6% 0.8% 0.8% 0.6% 0.6% 0.9% 1.3% 0.9% 1.3% 1.8% 1.8% 1.3% 1.3% 0.6% 0.6% 0.3% 0.3% 0.6% 0.6% 0.8% 0.8% 0.7% 0.7% 0.0% 0.0%

0.0% 0.0% CT 4.0% 4.0% CT DE 4.9% 4.9% DE MA 4.7% 4.7% MA MD 4.2% 4.2% MD NH 3.0% 3.0% NH NJ 5.4% 5.4% NJ RI 4.3% 4.3% RI VT 2.6% 2.6% VT

2.2% 2.2%

U.S. 4.6% 4.6% U.S.

UnemploymentRate Rate 2.1% 2.1% Unemployment

5.5% 5.5%

0.3% 0.3%

0.6% 0.6% 0.6% 0.6% 1.6% 1.6% JobGrowth Growth -0.9% -0.9% Job

CT CT DE DE

0.1% 0.1% 0.7% 0.7% MA 0.0% 0.0% MA MD -0.5% -0.5% MD NH -0.4% -0.4% NH NJ 0.4% 0.4% NJ RI -0.2% -0.2% RI VT 0.6% 0.6% VT U.S. 0.5% 0.5% U.S. 2.1% 2.1%

Source: U.S. Bureau of Labor Statistics

Source: U.S. Bureau of Labor Statistics

U TA H C H A M B E R

ROADMAP TO PROSPERITY COALITION


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Roadmap to Prosperity Economic Dashboard | December 2025 by Salt Lake Chamber - Issuu