DASHBOARD
December 2021
The Roadmap to Prosperity Dashboard tracks Utah’s path to a full and complete economic recovery from the COVID-19 recession. The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators since the start of the pandemic. THREE ESSENTIAL INSIGHTS:
1
Utah’s two-year job growth is highest in the nation.
Utah’s October two-year job growth of 3.7% is the highest in the nation and one of only four states showing positive job change.
2
Utah’s unemployment rate drops below pre-pandemic levels. Utah‘s October unemployment rate of 2.2% is lower than the February 2019 rate of 2.5%. Utah’s unemployment rate ranks second in the nation.
Utah Continued Weekly Unemployment Claims March 2020 – October 2021 2020
3
Job change is uneven across industries. While Utah has seen two-year job growth overall, not all industries have expanded. Jobs have declined in the Leisure & Hospitality, Government, and Natural Resources industries.
Utah Job Change by Industry September 2019 - September 2021 3.7%
Total
2021
9.5%
Construction
100,000
5.7%
Manufacturing
Continued Claims 2019 Average
3.3%
Information
7.7%
Financial Activities -0.8%
Leisure & Hospitality
50,000
0.5%
Other Services -2.3%
Government
1.4%
Unemployment Rate 12% 10% Utah Department of Workforce Services Source: 8% 6% 4% 2% 0.5% 0% 0.1% S-2% A LT L A K E C H A M B E R -4% -6% -8% -10%
5.4% 3.9%
2.2% 10/2
2.4% 9/11
3.0% 2/13 3/6 2.9% 3/27 2.8% 4/17 5/8 2.7% 5/29 2.8% 6/19 7/10 2.6% 7/31 2.5% 8/21
3.5% 12/5 1/2 3.3% 1/23
5.3% 6/20 4.5% 7/11 8/1 4.1% 8/22 5.0% 9/12 10/3 4.1% 10/24 4.3% 11/14
3.8% 3/28 10.4% 4/18 5/9 8.6% 5/30
Education/Health Services 0
Natural Resources
-12.6%
Professional/Business Services
6.8%
Trade/Transportation/Utilities
7.1%
Note: Beginning March 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020. Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION