Total
3.4%
Construction Construction
8.5% 8.5%
Manufacturing Manufacturing
2.8% 2.8%
Information Information
8.8% 8.8%
Financial Financial Activities Activities -2.5% -2.5% Leisure Leisure && Hospitality Hospitality
6.5% 6.5%
Other Other Services Services
1.6% 1.6%
Government Government
1.5% 1.5%
Education/Health Education/Health Services Services
5.4% 5.4%
Natural Natural Resources Resources
8.7% 8.7%
Professional/Business Professional/Business Services Services
-0.3% -0.3% 4.0% September 4.0% 2022
Trade/Transportation/Utilities Trade/Transportation/Utilities
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%
3.8% 3.8% 3.4% 3.4%
The Road to Prosperity Dashboard tracks Utah’s economic outlook. The Dashboard, which is updated monthly, provides essential insights, 2011 2012 2015 2017 2020 tracks and leading measures, and shares salient indicators. 2011 timely 2012 2013 2013 2014 2014 2015 2016 2016 2017 2018 2018 2019 2019 2020 2021 2021 2022 2022 US Utah US
Utah
THREE ESSENTIAL INSIGHTS:
1
Utah’s low unemployment rate continues. Utah’s August unemployment rate of 2.0% continues an 18-month trend of an unemployment rate below 3.0%.
2
Home prices begin to stabilize. After rapid housing increases over the last year, Utah’s median home sales price has begun to stabilize falling from $535,050 in May to $500,000 in August 2022.
Unemployment Rate August 2022
3.7% 3.7%
2.7% 2.7%
4.4% 4.4% 4.1% 4.1%
3.1% 3.1%
2.0% 2.0%
3.5% 3.5%
3.4% 3.4% 4.4% 4.4%
2.3% 2.3%
4.1% 4.1%
3.1% 3.1%
2.3% 2.3% 1.9% 1.9%
4.8% 4.8%
3.1% 3.1%
4.7% 4.7% 4.1% 4.1% 4.2% 2.6% 2.1% 2.6% 4.0% 4.2% 2.1% 4.5% 4.5%2.8%4.0% 3.9% 3.9% 2.6% 2.8% 2.5% 2.6% 2.5% 2.5% 2.5% 3.8% 3.8% 3.5% 3.5% 3.4% 3.4% 3.1% 3.1% 3.1% 3.4% 3.4% 3.1% 2.6% 2.6% 2.8% 3.6% 2.8% 3.6% 4.1% 4.1% 3.5% 3.5%
4.6% 4.6%
2.7% 2.7%
USA USA VT VT NH NH MA MA CT CT RI RI NJ NJ MD MD DC DC DE DE
3.7% 3.7% 2.1% 2.1% 2.0% 2.0% 3.6% 3.6% 4.1% 4.1% 2.8% 2.8% 4.0% 4.0% 4.3% 4.3% 5.1% 5.1% 4.5% 4.5%
2.7% 2.7% 2.8% 2.8%
4.6% 4.6% 3.9% 3.9%
2.9% 2.9%
3.4% 3.4%
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
3.8% 3.8%
3.7% 3.7% 3.4% 3.4%
3.1% 3.1%
2.8% 2.8%
2.5% 2.5% 1.8% 1.8%
4.9% 4.9% 3.3% 3.3% 2.5% 3.5% 2.5% 3.5% 1.6% 4.0% 1.6% 4.0% 1.6% 1.6% 2.6% 2.6% 2.6% 2.6% 2.9% 1.0% 2.9% 1.0% 2.2% 3.3% 3.3% 2.2% 3.8% 3.8% 3.7% 3.7% 3.0% 3.0% 3.1% 3.7% 3.1% 3.7% 1.8% 1.8% 4.8% 1.2% 4.8% 1.2% 5.6% 5.6% 2.4% 2.4%
2.7% 2.7%
5.1% 5.1%
2.2% 2.2%
4.1% 4.1%
Unemployment Unemployment Rate Rate
Utah’s consumer confidence rose in August after three consecutive months of decline. National confidence also increased.
Year-Over Job Change August 2022
3.7% 3.7% 2.8% 2.8%
3
Consumer confidence rises.
USA USA 3.8% 3.8% VT VT 2.5% 2.5% NH NH 2.4% 2.4% MA MA 4.1% 4.1% CT CT 2.6% 2.6% RI 4.0% RI 4.0% NJ NJ 5.4% 5.4% MD MD 2.6% 2.6% DC DC 2.6% 2.6% DE 2.8% DE 2.8%
2.3 2.3% % 5.1% 5.1%
Job Job Growth Growth
1.0% 1.0%
5.6% 5.6%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION