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Roadmap to Prosperity Economic Dashboard | November 2025

Page 1

Total Total

1.9% 1.9%

Construction Construction

0.8% 0.8%

Manufacturing Manufacturing

0.2% 0.2%

Information Information

2.2% 2.2%

Financial Activities Activities Financial Other Services Services Other

1.7% 1.7% -2.8% -2.8%

Government Government

3.0% 3.0%

Education/Health Services Services Education/Health

8.4% 8.4%

Leisure/Hospitality Services Services Leisure/Hospitality

November 2025

2.4% 2.4%

Natural Resources Resources Natural

0.0% 0.0%

DASHBOARD

Professional/Business Services Services Professional/Business

0.6% 0.6%

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%

-1.0% -1.0%

1.9% The Road to Prosperity Dashboard1.9% tracks Utah’s economic outlook. 0.9% 0.9% 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%

U.S. U.S.

2020 2020 Utah Utah

With the federal government shutdown ending in November, data visibility resumes.

5% 5%

Data releases from federal statistical agencies resumed, though some delays continue for 0% 0% certain indicators, including those related to labor -5% markets and employment. -5%

2 2022 2022

2024 2024

Utah’s Zions Bank Consumer Sentiment increases while U.S. consumer sentiment dips in November.

While Utah consumer sentiment rose 3.4% to a value of 75.8, the gap between Utah and the U.S. continues to widen as the U.S. index fell by 4.9%, to its lowest level since June 2022.

-10% -10%

Unemployment Rate September 2025

5.2% 5.2%

3.2% 3.2%

3.7% 3.7%

5.3% 5.3%

4.1% 4.1%

5.6% 5.6%

3.7% 3.7%

3.8% 3.8% 3.2% 3.2%

4.1% 4.1%

4.1% 4.1%

4.2% 4.2%

5.1% 5.1%

4.1% 4.1% 4.8% 4.8% 4.4% 3.7% 4.4% 4.0% 3.7% 4.0% 3.5% 3.5% 4.1% 4.7% 4.1% 4.7% 3.7% 3.7% 3.6% 3.6% 3.9% 4.4% 3.9% 4.4% 3.8% 3.8% 3.4% 3.4% 2.8% 2.8%

3.7% 3.7%

4.4% 4.4%

4.7% 4.7% 3.9% 3.9% 2.5% 2.5%

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

0.5% 0.5% 1.1% 1.1%

3.1% 3.1%

2.0% 2.0% 3.0% 3.0%

3.4% 3.4%

4.2% 4.2%

2.6% 2.6%

3.3% 3.3%

Utah’s unemployment rate ticked up from 3.3% in August to 3.4% in September. This rate remains below the U.S. average unemployment rate, which increased from 4.3% in August to 4.4% in September. These increases signal a softening labor market.

Job Change Year-Over Percentage Change August 2025

4.5% 4.5% 3.0% 3.0%

3

Unemployment ticks up in Utah and across the U.S.

-0.3% -0.3% 0.7% 0.7% 1.4% 1.4%

0.3% 0.3% CT 3.8% 3.8% CT DE 4.5% 4.5% DE

RI 4.5% 4.5% RI VT 2.5% 2.5% VT

0.4% 0.4%

0.4% 0.4% 1.2% 1.2%

0.9% 0.9% 0.5% 0.5%

1.9% 1.9%

MA 4.7% 4.7% MA MD 3.8% 3.8% MD NH 3.0% 3.0% NH NJ 5.2% 5.2% NJ

0.4% 0.4%

0.6% 0.6%

1.4% 1.4%

0.7% 0.7% 0.1% 0.1%

0.9% 0.9%

1.5% 1.5% 2.0% 2.0%

1.5% 1.5% -0.2% 0.6% -0.2% 0.6% 0.4% 0.4% 1.1% -0.7% 1.3% 1.1% -0.7% 1.3% 1.1% 1.1% 1.6% 1.6% 1.0% 1.0% 1.3% 1.6% 1.3% 3.2% 1.6% 3.2% 1.4% 1.4% 0.6% 0.6% 0.7% 0.7% 1.1% 1.1% 0.7% 0.7%

0.7% 0.7% 2.0% 2.0%

U.S. 4.4% 4.4% U.S. 5.5% 5.5%

1.3% 1.3%

1.0% 1.0%

CT 0.9% 0.9% CT DE 0.7% 0.7% DE MA 0.4% 0.4% MA MD 0.2% 0.2% MD NH 0.6% 0.6% NH NJ 1.0% 1.0% NJ RI 0.5% 0.5% RI VT 0.6% 0.6% VT U.S. 0.8% 0.8% U.S.

-0.7% JobGrowth Growth -0.7% Job

3.2% 3.2%

Source: U.S. Bureau of Labor Statistics

ROADMAP TO RECOVERY COALITION


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