2.3% 2.3%
Total Total Construction Construction
4.4% 4.4%
Manufacturing Manufacturing
1.4% 1.4%
Information Information
0.2% 0.2%
Financial Activities Activities Financial
2.5% 2.5%
Other Services Services -2.6% -2.6% Other Government Government
3.6% 3.6%
Education/Health Services Services Education/Health
July 2025
6.7% 6.7%
Leisure/Hospitality Services Services Leisure/Hospitality
2.0% 2.0%
Natural Resources Resources Natural
1.7% 1.7%
DASHBOARD
Professional/Business Services Services Professional/Business
1.9% 1.9%
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% -14% -14%
-1.3% -1.3%
2.3% The Road to Prosperity Dashboard2.3% tracks Utah’s economic outlook. 1.0% 1.0% The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
THREE ESSENTIAL 2012 2014INSIGHTS: 2016 2018 2012 2014 2016 2018
1 10% 10%
US US
2020 2020 Utah Utah
Utah employment grew 2.3% year-over in June, outpacing the nation’s 1.0% growth.
5% 5%
Utah and U.S. employment growth trends began largely diverging in January 2025, with 0% 0% national job growth slowing and Utah’s gains continuing to accelerate. Utah’s growth in -5% -5% June ranks fourth highest nationally.
-10% -10%
2 2022 2022
Inflation ticks up after falling four consecutive months.
After signs of moderating price growth early in the year, inflation rose to 2.7% in June and July, stoking ongoing concerns of tariffrelated price pressures. Inflation trends in coming months will inform interest rate policy and broader economic momentum.
Unemployment Rate June 2025 4.5% 4.5% 4.9% 4.9%
3.6% 3.6%
5.4% 5.4%
4.7% 4.7%
5.4% 5.4%
4.2% 4.2%
3.3% 3.3% 3.2% 3.2%
1.8% 1.8% 3.0% 3.0%
3.2% 3.2% 4.1% 4.1%
2.5% 2.5%
3.3% 3.3%
3.7% 3.7%
Utah consumers and visitors continue to spend despite economic uncertainty. Anticipation of tariff-related price increases may have also prompted some consumers to buy ahead of potential price increases.
5.3% 5.3%
3.2% 3.5% 3.2% 3.5% 4.0% 4.0% 4.5% 4.5%
2.7% 2.7%
0.5% 0.5% 3.8% CT 3.8% CT DE 4.0% 4.0% DE 4.8% MA 4.8% MA 3.3% MD 3.3% MD 3.1% NH 3.1% NH 4.9% NJ 4.9% NJ 4.8% RI 4.8% RI 2.6% VT 2.6% VT
2.8% 2.8%
S A LT L A K E C H A M B E R
1.0% 1.0%
1.4% 1.4%
4.0% 4.0%
3.7% 3.7%
1.8% 1.8%
-0.2% -0.2% 0.1% 0.1%
0.5% 0.5%
4.7% 4.7%
Source: U.S. Bureau of Labor Statistics
1.0% 1.0%
4.0% 4.0%
4.9% 4.9% 4.6% 4.6% 3.6% 3.7% 3.7% 3.6% 3.8% 4.0% 3.5% 3.8% 3.5% 4.0% 4.9% 4.9% 3.7% 3.7% 3.5% 3.5% 3.1% 3.7% 3.1% 3.7% 4.1% 4.1%
4.0% 4.0%
Unemployment Rate Rate Unemployment
Taxable sales in Utah have grown nearly 5% year-to-date through May.
Job Change Year-Over Percentage Change June 2025 3.3% 3.3%
2.8% 2.8%
3
2024 2024
1.4% 1.4% 0.8% 0.8%
2.3% 2.3%
0.3% 0.3%
0.7% 0.7% 0.5% 0.5%
1.6% 1.6%
0.8% 0.8% 2.0% 2.0%
2.7% 2.7%
1.4% 1.4%
0.6% 0.6% 0.8% 0.8% 0.0% 0.0%
1.2% 1.2% 1.6% 1.6%
1.2% 1.2% 0.6% 0.7% 0.5% 0.6% 0.7% 0.5% 1.1% 0.9% 1.1% 0.9% 1.4% 1.4% 1.7% 1.7% 0.9% 0.9% 1.8% 3.6% 1.8% 3.6% 1.0% 0.8% 1.0% 0.8% 1.5% 1.5% 1.4% 1.4%
1.3% 1.3% 1.5% 1.5%
CT 0.5% 0.5% CT DE 1.2% 1.2% DE MA 0.0% 0.0% MA MD 0.6% 0.6% MD NH 0.4% 0.4% NH NJ 0.2% 0.2% NJ RI 0.1% 0.1% RI VT 1.5% 1.5% VT
2.3% 2.3% 5.4% 5.4%
-0.2% JobGrowth Growth -0.2% Job
3.6% 3.6%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION