DASHBOARD
The Road to Prosperity Dashboard tracks Utah’s economic outlook.
The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators.
1
U.S. consumer sentiment falls for the fourth straight month amid tariff concerns.
National consumer sentiment dropped to its lowest level since summer 2022, when inflation peaked at 9%. Rising concerns about the effects of increased tariffs, including the potential for higher prices, contributed to the decline. Utah sentiment fell only slightly in April, dipping from 81.1 to 80.0.
2
Utah’s median home sales price remains relatively flat.
Still-strong demand, limited supply, higher mortgage rates, and ongoing economic uncertainty have kept home prices mostly steady, even as overall market activity continues to slow. Through March, home sales in Utah fell slightly to 8,910, down from 9,059 during the same period in 2024.
3
Utah’s unemployment rate edges down in March while the U.S. unemployment rate ticks up.
The national labor market remains strong yet shows signs of softening, including a slight increase in the national unemployment rate from 4.1% to 4.2% in March. In contrast, Utah’s unemployment rate fell from 3.2% to 3.1%, signaling continued strength in Utah’s labor market.
Unemployment Rate
Job Change Year-Over Percentage Change March 2025 March 2025
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Job Change by Industry Year-Over Percent Change
Job Change Year-Over
Percent Change
March 2025 November 2010 – March 2025
Note: From March to December 2021, a 2-year change is used due to the drastic changes in employment beginning March 2020.
Source: U.S. Bureau of Labor Statistics
Utah Unemployment Rate
March 2025
Note: Large year-over job change in April 2021 is inflated due to the high job losses in April 2020.
Source: U.S. Bureau of Labor Statistics
Source: Kem C. Gardner Policy Institute
January 2000 - March 2025
Source: U.S. Bureau
Utah Bankruptcy Cases
January 2020 - March 2025