DASHBOARD
The Road to Prosperity Dashboard tracks Utah’s economic outlook.
The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
After 14 months of no growth or decline, Utah’s labor force participation rate returns to its pre-pandemic rate following recent highs in 2023.
2
Both Utah and U.S. consumer sentiment increased in December, with Utah experiencing a greater increase.
Utah’s labor force participation rate came in at 68.2% in Feb 2020, peaked at 69.7% in Sept 2023, and returned to 68.2% in Nov 2024. A period of extremely tight labor markets drove up wages and the participation rate, but recent labor market softening contributes to recent declines.
Unemployment Rate
Utah sentiment grew 3.6%, compared to 3.1% nationally. The gap between Utah and U.S. sentiment reached its highest point since Utah’s sentiment data collection began. Additionally, Utah’s consumer sentiment reached its highest level in roughly 3.5 years.
After serving a record number of passengers in 2023 (more than 26.9 million), the Salt Lake Airport will likely reach another record in 2024. Through November, total enplaned and deplaned passengers equaled 26.0 million, driven by continued growth in travel and increased airport capacity. 3
The Salt Lake International Airport approaches another recordbreaking year in 2024, with passenger numbers expected to exceed last year’s totals.
Job Change Year-Over Percentage Change November 2024 November 2024
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Job Change by Industry Year-Over Percent Change
November 2024
Job Change Year-Over Percent Change
November 2010 – November 2024
Note: From March to December 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020.
Source: U.S. Bureau of Labor Statistics
Utah Unemployment Rate November 2024
Note: Large year-over job change in April 2021 is inflated due to the high job losses in April 2020.
Source: U.S. Bureau of Labor Statistics
Kem C. Gardner Policy Institute
January 2000 - December 2024
Source: U.S. Bureau of Labor Statistics
Utah Bankruptcy Cases January 2020 - November 2024
Source: