DASHBOARD
October 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
2
Utah’s two-year job growth
Consumer confidence falls
is highest in the nation.
Consumer confidence climbed steadily from October 2020 to April 2021. For the past few months, consumer confidence has fallen with August 2021 declining to the lowest level since the measure began in October 2020.
Utah’s August two-year job growth of 3.5% is the highest in the nation and one of only three states showing positive job change.
Utah Continued Weekly Unemployment Claims March 2020 – August 2021 2020
3
Unemployment claims drop below 2019 average. Utah’s August weekly continued unemployment claims ranged between 7,800 and 8,700, all below the 2019 average of 8,856.
Utah Job Change by Industry August 2019 - August 2021 3.8%
Total
2021
9.9%
Construction
100,000
6.5%
Manufacturing
Continued Claims 2019 Average
-1.7%
Information
6.8%
Financial Activities
50,000
-1.5%
Leisure & Hospitality
-0.9%
Other Services
-1.6%
Government
1.6%
Unemployment Rate 12% 10% Source: 8% Utah Department of Workforce Services 6% 4% 2% 0.5% 0% S-2% A L 0.1% T LAKE CHAMBER -4% -6% -8%
8/21
7/31
7/10
2.6%
2.8% 6/19
5/8
5/29
2.7%
2.8% 4/17
3/6
3/27
2.9%
3.0% 2/13
1/2
3.3% 1/23
3.5% 12/5
4.3% 11/14
10/3
4.1% 10/24
5.0% 9/12
8/1
8/22
4.1%
4.5% 7/11
5.3% 6/20
5/9
8.6%
5/30
Education/Health Services 3.8% 3/28 10.4% 4/18
0
Natural Resources Professional/Business Services Trade/Transportation/Utilities
6.7% 5.3%
-11.5% 8.9% 5.8%
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