DASHBOARD
March 2021
The Roadmap to Recovery 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 3.3% unemployment rate is lowest in the nation.
2
Overall taxable retail sales soar.
Utah’s unemployment rate of 3.3% is the lowest unemployment rate in the nation, tied with South Dakota. This marks the fifth consecutive month of decline.
Taxable retail sales never decreased significantly from the pandemic. In fact, taxable retail sales for March-December 2020 were all higher than the 2019 average. However, while some industries are increasing, others still suffer declines.
Utah Continued Weekly Unemployment Claims March 2020 – February 2021 140,000
Continued Claims
120,000
3
Vaccine doses continue to climb. By the end of February, more than 700,000 COVID-19 vaccine doses were administered to Utah residents. In recent weeks, Utah has administered more than 80,000 doses per week.
Utah Job Change by Industry January 2020 – January 2021 2019 Average
Total Construction
1.5%
Information
80,000
-3.8%
Financial Activities
60,000
Leisure & Hospitality
40,000
4.4% -8.1%
Other Services
20,000
Government
0
Education/Health Services Apr
May
Jun
Jul
Aug
Sep
Oct
8.6%
5.3%
4.5%
4.1%
5.0%
4.1%
Nov Dec Jan Feb 4.3%
3.5% 3.3% NA
Mar
3.8% 10.4%
Unemployment Rate
Source: Utah Department of Workforce Services
2% 0.5% 0% 0.1% S A -2% LT L A K E C H A M B E R -4%
-2.2% -4.5% -3.5%
Natural Resources -11.0% Professional/Business Services Trade/Transportation/Utilities
4%
-8%
2.8%
Manufacturing
100,000
-6%
-0.5%
4.5% 2.8%
Source: U.S. Bureau of Labor Statistics
-0.5%
-6.1%
ROADMAP TO RECOVERY COALITION