DASHBOARD
September 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 ranks second for lowest
Consumer confidence falls
unemployment rate and highest job growth
Consumer confidence climbed steadily from October 2020 to April 2021. For the past few months, consumer confidence has fallen with July 2021 declining to the same level as October 2020.
Utah’s July unemployment rate of 2.6% and two-year job growth of 3.5% both rank second in the nation and are the best values Utah has seen since the pandemic began.
Utah Continued Weekly Unemployment Claims March 2020 – August 2021 2020
3
Utah air travel exceeds 2019 average In June 2021 there were 2.25 million SLC airport passengers, surpassing the 2019 average for the first time since the onset of the pandemic.
Utah Job Change by Industry July 2019 - July 2021 4.2%
Total
2021
11.8%
Construction
100,000
6.5%
Manufacturing
Continued Claims 2019 Average
-2.0%
Information
9.0%
Financial Activities
50,000
-2.3%
Leisure & Hospitality
-0.2%
Other Services
-1.5%
Government
Unemployment Rate 12% Source: 10% Utah Department of Workforce Services 8% 6% 4% 2% 0.5% S A0% LT L A K E C H A M B E R 0.1% -2% -4% -6%
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
5/30
8.6%
3.8% 3/28 10.4% 4/18
0
Natural Resources Professional/Business Services Trade/Transportation/Utilities
6.7% 5.3%
2.6%
Education/Health Services -15.6%
8.9% 6.5%
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