Total Total
2.6% 2.6%
Construction Construction
4.8% 4.8%
Manufacturing Manufacturing
2.1% 2.1%
Information Information
3.4% 3.4%
Financial Activities Activities Financial
1.7% 1.7%
Other Services Services Other
2.9% 2.9%
Government Government
4.4% 4.4%
Education/Health Services Services Education/Health
6.9% 6.9%
Leisure/Hospitality Services Services Leisure/Hospitality
-0.4% -0.4%
DASHBOARD
Natural Resources Resources Natural
0.0% 0.0%
Professional/Business Services Services Professional/Business
January 2025 2.9% 2.9%
-1.4% Trade/Transportation/Utilities -1.4% 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% THREE -12% ESSENTIAL INSIGHTS: -12% -14% -14% U.S.2012 CPI inflation for the2020 2012 2014 increased 2016 2018 2020 2014 2016 2018 US withUtah Utah US fourth consecutive month,
The Road to Prosperity Dashboard2.6% tracks Utah’s economic outlook. 2.6% 1.4% The Dashboard, which is updated1.4% monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
year-over price increases reaching 3% in January.
2
3
2022 Utah’s 2024median home sales 2022 2024
price equaled $500,000 in December, up from $474,000 in December 2023.
Total annual bankruptcy cases filed in Utah increased roughly 13% in 2024. After falling two consecutive years, total
January’s year-over inflation sets a new
While still below the $535,000 monthly
eight-month high, reinforcing concerns that
peak in May 2022, prices remain high,
annual bankruptcy cases increased more than 17% in 2023 and another 13% in 2024.
price pressures may persist. Month-over
making it difficult for first-time
Coming off of stimulus years likely
inflation in January reached the highest level
homebuyers to afford a home. Limited
contributed to the increase, as well as
since August 2023. With uncertainty remaining
supply continues to keep prices elevated.
economic pressures including higher interest rates.
high, the Federal Reserve faces added risk as it considers future interest rate decisions.
Unemployment Rate December 2024
Job Change Year-Over Percentage Change December 2024 1.2% 1.2%
4.5% 4.5%
3.1% 3.1%
4.1% 4.1% 3.8% 3.8% 5.7% 5.7%
3.5% 3.5%
3.3% 3.3%
1.9% 1.9% 2.8% 2.8%
3.5% 3.5%
4.4% 4.4%
5.5% 5.5% 3.8% 3.8%
2.5% 2.5%
4.4% 4.4%
3.2% 3.2%
3.6% 3.6% 3.3% 3.3% 4.2% 4.2%
3.0% 3.0% 3.2% 3.2%
4.4% 4.4%
5.0% 5.0%
5.2% 5.2%
3.7% 3.7% 3.4% 3.4%
3.6% 3.6% 4.4% 4.4% 4.5% 4.2% 4.5% 4.2% 3.0% 3.0% 5.2% 5.2%
3.6% 3.6%
3.7% 3.7% 4.7% 4.7%
3.3% 3.3% 3.7% 3.7% 3.3% 3.3% 4.4% 4.4%
4.7% 4.7% 3.0% 3.0%
Unemployment Rate Rate Unemployment
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
0.8% 0.8%
3.4% 3.4%
USA 4.1% 4.1% USA CT 3.0% 3.0% CT DC 5.5% 5.5% DC DE 3.7% 3.7% DE MA 4.1% 4.1% MA MD 3.1% 3.1% MD NH 2.6% 2.6% NH NJ 4.6% 4.6% NJ RI 4.6% 4.6% RI VT 2.4% 2.4% VT
5.7% 5.7%
2.2% 2.2% 3.6% 3.6%
0.6% 0.6%
2.6% 2.6%
1.0% 1.0% 1.7% 1.7%
2.7% 2.7%
1.8% 1.8%
-0.1% -0.1% 2.0% 2.0%
1.6% 1.6%
1.3% 1.3% 1.8% 1.8%
1.5% 1.5%
2.0% 2.0%
0.4% 0.4%
1.2% 1.2% 0.5% 0.5% 0.4% 0.4%
0.9% 0.9%
1.3% 1.3% 1.9% 1.9%
1.1% 1.1% 0.7% 1.5% 0.7% 1.5% 0.2% 0.2% 1.7% 1.7% 2.7% 2.7% 1.4% 1.4% 1.7% 1.7% 1.2% 1.2% 1.7% 1.7% 2.6% 2.6% 1.3% 1.3% 1.2% 1.2% 1.8% 1.8% 1.1% 1.1%
2.8% 2.8% 1.5% 1.5% 1.6% 1.6%
-0.1% JobGrowth Growth -0.1% Job Source: U.S. Bureau of Labor Statistics
1.4% USA 1.4% USA 1.3% CT 1.3% CT 1.7% DC 1.7% DC 0.5% DE 0.5% DE 0.7% MA 0.7% MA 1.4% MD 1.4% MD 2.1% NH 2.1% NH 0.8% NJ 0.8% NJ 1.1% RI 1.1% RI 1.2% VT 1.2% VT
3.6% 3.6%
ROADMAP TO RECOVERY COALITION