Total Total
2.1% 2.1%
Construction Construction
5.3% 5.3%
Manufacturing Manufacturing
2.4% 2.4%
Information Information
2.2% 2.2%
Financial Activities Activities Financial
2.3% 2.3%
Other Services Services Other
-0.4% -0.4%
Government Government
3.4% 3.4%
Education/Health Services Services Education/Health
May 2025
5.9% 5.9%
Leisure/Hospitality Services Services Leisure/Hospitality
-0.2% -0.2%
Natural Resources Resources Natural
2.6% 2.6%
DASHBOARD
Professional/Business Services Services Professional/Business
0.3% 0.3%
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 Utah Utah’s year-over job growth US Utah
-0.7% -0.7%
2.1% The Road to Prosperity Dashboard2.1% tracks Utah’s economic outlook. 1.2% The Dashboard, which is updated1.2% monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
outpaces the U.S.
10% 10%
While 5% both the U.S. and Utah saw slower 5% year-over job growth in March 2025, both rebounded in April. The U.S. rate rose modestly 0% 0% from 1.1% to 1.2%, whereas Utah’s growth accelerated more significantly -- from 1.8% in -5% -5% March to 2.1%. Utah’s April performance ranked third-highest among all states, highlighting its -10% -10% continued strength in the labor market.
2
2022 2022
2024 2024
Utah’s residential housing value climbs despite supply concerns.
In March 2025, Utah’s residential housing construction value reached $690 million, its highest point since August 2023 of $732 million. This recent increase suggests ongoing demand even amid persistent housing supply challenges.
Unemployment Rate April 2025
4.7% 4.7% 3.7% 3.7% 5.6% 5.6%
3.3% 3.3%
3.1% 3.1%
4.8% 4.8%
5.3% 5.3% 4.1% 4.1%
Education and health services led all sectors with a 5.9% year-over increase in April 2025, up from 5.2% in March 2025. Construction also posted gains, rising from 5.2% to 5.3% over the same period. In contrast, leisure and hospitality, while still below last year’s levels, improved from -2.0% in March to -0.2% in April. Natural resources slowed from 4.5% to 2.6% and government growth eased modestly from 3.6% to 3.4% between March and April.
Job Change Year-Over Percentage Change April 2025
4.4% 4.4% 2.7% 2.7%
3
Job gains concentrated in health, leisure, and construction; slower growth in natural resources and government.
2.6% 2.6%
3.5% 3.5%
3.2% 3.2%
1.8% 1.8%
3.8% 3.8% 3.2% 3.2%
4.3% 4.3%
4.1% 4.1%
0.6% 0.6%
3.3% 3.3%
3.5% 3.0% 3.5% 4.8% 3.0% 4.8%
0.7% 0.7%
5.5% 5.5%
4.2% 4.2%
4.4% 4.4%
4.7% 4.7% 3.7% 3.7%
0.7% 0.7%
1.9% 1.9% 1.7% 1.7%
3.9% 3.9%
4.9% 4.9% 3.9% 3.8% 3.8% 3.9% 3.3% 3.3% 3.9% 5.2% 3.9% 5.2% 3.7% 3.7% 3.5% 3.5% 3.7% 4.2% 3.7% 4.2% 4.0% 4.0% 3.6% 3.3% 3.6% 3.3%
-0.4% -0.4%
0.7% 0.7% CT 3.7% 3.7% CT DE 3.9% 3.9% DE MA 4.6% 4.6% MA 3.1% MD 3.1% MD 3.1% NH 3.1% NH 4.8% NJ 4.8% NJ 4.9% RI 4.9% RI 2.7% VT 2.7% VT
2.1% 2.1%
0.3% 0.3% 0.6% 0.6%
0.5% 0.5%
1.2% 1.2%
0.3% 0.3%
1.2% 1.2%
1.1% 1.1%
0.5% 0.5%
-0.2% 0.6% -0.2% 0.7% 0.6% 0.7% 0.3% 0.3% 1.4% 1.4% 1.5% 1.5%
1.7% 1.7%
0.7% 0.7%
1.1% 1.1% 1.4% 1.4%
1.1% 1.1% 0.5% -0.2% -0.2% 0.5% 1.0% 1.0% 0.8% 0.8% 1.5% 1.5% 0.8% 0.8% 2.5% 2.5% 1.4% 1.4% 1.4% 1.4% 0.4% 0.4% 1.3% 1.3% 1.0% 1.0% 0.0% 0.0%
1.3% 1.3%
0.6% CT 0.6% CT 0.9% DE 0.9% DE 0.1% MA 0.1% MA 0.9% MD 0.9% MD 1.2% NH 1.2% NH 0.7% NJ 0.7% NJ 0.7% RI 0.7% RI VT 1.0% 1.0% VT
2.6% 2.6%
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
5.6% 5.6%
-0.4% JobGrowth Growth -0.4% Job Source: U.S. Bureau of Labor Statistics
2.6% 2.6%
ROADMAP TO RECOVERY COALITION