4.4% 4.4%
Manufacturing Manufacturing
12.4% 12.4%
Information Information 2.6% 2.6%
Financial FinancialActivities Activities
13.0% 13.0%
Leisure Leisure&&Hospitality Hospitality 8.0% 8.0%
Other OtherServices Services 2.2% 2.2%
Government Government
3.0% 3.0%
Education/Health Education/HealthServices Services
12.0% 12.0%
Natural NaturalResources Resources 0.0% Professional/Business Professional/BusinessServices Services 0.0% 4.3% 4.3%
Trade/Transportation/Utilities Trade/Transportation/Utilities
12% 12% 10% 10% 8% 8% March 2022 4.8% 6% 4.8% 6% 4% 4% 4.1% 4.1% 2% 2% 0% 0% -2% -2% -4% -4% -6% -6% The -8% -8% Roadmap to Prosperity Dashboard began as a way to track Utah’s path to a full and complete economic -10% -10% recovery from the pandemic recession. The Dashboard, which is updated monthly, provides essential -12% -12% -14% -14% 2011 2012 2014 2017 2019 2021 2011 2012 2013 2013 2014 2015 2015 2016 2016 2017 2018 2018 2019 2020 2020 and 2021 2022 2022 insights, tracks timely and leading measures, shares salient indicators since the start of the pandemic. US Utah US Utah
DASHBOARD THREE ESSENTIAL INSIGHTS:
1
Utah’s unemployment rate is lowest in the nation. Utah’s February unemployment rate of 2.1% is the lowest in the nation, tied with Nebraska.
2
Utah’s home prices have risen drastically over the last year with a median home sale price of $492,500 in February 2022.
Unemployment Rate February 2022
4.0% 4.0%
2.8% 2.8%
3.7% 3.7%
2.9% 2.9% 2.6% 2.6%
2.1% 2.1%
5.4% 5.4% 3.6% 3.6%
4.0% 4.0%
5.6% 5.6%
While Utah’s consumer confidence has been in decline, January and February saw upticks in Utah while confidence nationwide continued to fall.
5.4% 5.4%
5.9% 5.9%
4.0% 4.0%
2.7% 2.7%
5.7% 5.7% 2.9% 2.9% 4.7% 4.7%
4.9% 4.9%
5.1% 4.2% 4.2% 5.1% 2.3% 2.3% 3.9% 4.8% 3.9% 4.8% 3.2% 3.2% 2.5% 2.5% 3.7% 3.7% 4.2% 4.2% 3.7% 3.7% 3.4% 3.4% 2.6% 2.6% 3.1% 3.1% 3.5% 3.5% 3.0% 3.0% 3.2% 3.2% 4.5% 4.5% 4.7% 4.7% 4.3% 4.3%
2.1% 2.1%
5.1% 5.1%
Consumer Confidence Increases in Utah.
Year-Over Job Change February 2022
4.3% 4.3% 2.6% 2.6%
3
Utah home prices continue to rise.
3.5% 3.5%
3.3% 3.3%
USA USA 3.8% 3.8% VT VT NH NH MA MA CT CT RI RI NJ NJ MD MD DC DC DE DE
2.9% 2.9% 2.7% 2.7% 4.7% 4.7% 4.9% 4.9% 3.9% 3.9% 4.6% 4.6% 5.0% 5.0% 6.1% 6.1% 4.6% 4.6%
4.1% 4.1% 4.1% 4.1%
10.3% 10.3% 6.8% 6.8%
Source: U.S. Bureau of Labor Statistics
S A LT L A K E C H A M B E R
5.5% 5.5%
2.2% 2.2%
2.7% 2.7% 2.9% 2.9%
6.4% 6.4%
6.9% 6.9%
2.7% 2.7%
2.2% 2.2%
2.9% 2.9%
4.2% 4.2%
4.4% 4.4%
2.2% 2.2%
4.2% 4.2%
5.6% 5.6% 4.2% 4.2%
2.6% 2.6%
2.0% 4.1% 4.1% 2.0% 3.6% 3.6% 4.6% 4.6% 3.1% 3.1% 3.8% 3.8% 3.8% 3.8% 4.0% 4.0% 4.3% 4.3% 3.5% 3.5% 3.5% 3.5% 3.6% 3.6% 5.4% 5.4% 2.0% 2.0% 3.2% 3.2% 6.1% 6.1%
2.1% 2.1%
USA USA 4.8% 4.8% VT VT NH NH MA MA CT CT RI RI NJ NJ MD MD DC DC DE DE
3.6% 3.6% 4.3% 4.3% 5.4% 5.4% 3.3% 3.3% 3.9% 3.9% 5.5% 5.5% 3.9% 3.9% 4.6% 4.6% 2.4% 2.4%
7.7% 7.7%
4.3% 4.3% 2.1% Unemployment UnemploymentRate Rate 2.1%
4.0% 4.0%
3.7% 3.7%
6.1% 6.1%
Job JobGrowth Growth
2.0% 2.0%
10.3% 10.3%
Source: U.S. Bureau of Labor Statistics
ROADMAP TO RECOVERY COALITION