6.3% 6.3%
Construction Construction
4.1% 4.1%
Manufacturing Manufacturing
13.3% 13.3%
Information Information Financial FinancialActivities Activities 0.1% 0.1% 7.7% 7.7%
Leisure Leisure&&Hospitality Hospitality Other OtherServices Services
6.7% 6.7% 1.9% 1.9%
Government Government Education/Health Education/HealthServices Services
3.2% 3.2% 16.5% 16.5%
Natural NaturalResources Resources Professional/Business 0.1% Professional/BusinessServices Services 0.1% Trade/Transportation/Utilities Trade/Transportation/Utilities
5.3% 5.3%
DASHBOARD 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%
May 2022
4.6% 4.6%
3.9% 3.9%
The Road to Prosperity Dashboard tracks Utah’s economic outlook. The Dashboard, which is updated monthly, provides essential insights, 2011 2012 2015 2017 2020 2011timely 2012 2013 2013 2014 2014 2015 2016 2016 2017 2018 2018 2019 2019 2020 2021 2021 2022 2022 and shares salient indicators. tracks and leading measures, US Utah US Utah THREE ESSENTIAL INSIGHTS:
1
Utah’s unemployment rate is lowest in the nation. Utah’s April unemployment rate of 1.9% is the lowest in the nation, tied with Nebraska.
2
Utah home prices continue to rise. Utah’s home prices have risen drastically over the last year with a median home sale price of $525,000 in March 2022.
Unemployment Rate April 2022
The Salt Lake City airport served 2.2 million passengers in March, nearly 400,000 more than February, showing an uptick in travel as we head into summer.
Year-Over Job Change April 2022 4.9% 4.9%
4.1% 4.1% 3.7% 3.7%
3
Airport passengers rise significantly.
2.3% 2.3% 2.6% 2.6% 3.3% 3.3%
2.8% 2.8%
2.2% 2.2%
2.3% 2.3% 1.9% 1.9%
5.0% 5.0%
1.9% 1.9%
4.6% 4.6% 3.2% 3.2%
3.6% 3.6%
3.3% 3.3%
2.4% 2.4%
2.8% 2.8%
4.8% 4.8%
4.0% 2.2% 2.2% 4.0% 4.6% 3.6% 4.6% 3.6%
3.4% 3.4%
3.9% 3.9%
3.2% 2.7% 2.7% 3.2%
5.3% 5.3%
4.3% 4.3%
4.9% 4.9%
4.5% 4.5%
4.3% 4.3% 3.0% 3.0%
3.4% 3.4% 4.2% 4.2%
3.2% 3.2%
USA USA 3.6% 3.6% 3.0% 3.0% 3.4% 3.4%
3.3% 3.3% 2.8% 2.8% 3.1% 3.1% 4.1% 4.1%
4.1% 4.1% 3.0% 3.0%
VT 2.5% VT 2.5% NH 2.3% NH 2.3% MA 4.1% MA 4.1% CT 4.4% CT 4.4% RI 3.2% RI 3.2% NJ 4.1% NJ 4.1% MD 4.2% MD 4.2% DC 5.8% DC 5.8% DE 4.5% DE 4.5%
3.3% 3.3%
8.4% 8.4% 3.9% 3.9%
Source: U.S. Bureau of Labor Statistics
S A LT L A K E C H A M B E R
4.8% 4.8%
5.6% 5.6% 3.8% 3.8%
5.5% 5.5%
1.8% 1.8%
2.2% 2.2% 5.0% 5.0%
4.1% 4.1%
3.5% 2.2% 3.5% 2.2% 2.5% 2.5% 2.0% 2.0% 4.0% 4.0%3.8% 3.8% 3.0% 3.0% 3.3% 3.3% 2.5% 2.5% 3.2% 3.2% 1.7% 1.7% 4.3% 4.3% 2.6% 2.6% 6.0% 6.0%
3.1% 3.1% 2.8% 2.8% 5.5% 5.5% 2.4% 2.4% 2.1% 2.1% 2.3% 2.3% 5.9% 5.9%
2.4% 2.4%
USA USA 4.6% 4.6% VT 1.6% VT 1.6% NH 3.6% NH 3.6% MA 4.9% MA 4.9% CT 3.2% CT 3.2% RI 3.6% RI 3.6% NJ 5.1% NJ 5.1% MD 2.9% MD 2.9% DC 4.6% DC 4.6% DE 1.8% DE 1.8%
5.1% 5.1%
4.2% 4.2%
Unemployment 1.9% UnemploymentRate Rate 1.9%
3.1% 3.1%
2.4% 2.4%
2.6% 2.6%
5.8% 5.8%
Job JobGrowth Growth
1.6% 1.6%
8.4% 8.4%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION