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.
1Utah consumer sentiment fell 3.5% in January while U.S. sentiment declined at a steeper 9.8% rate.
Economic uncertainty took a toll on consumers in January, with U.S. sentiment falling to its lowest level since November 2023. Utah sentiment also trended downward, yet it remains higher than average 2024 sentiment (81.1) at 88.1.
2
Annual taxable retail sales in Utah increased 2.3% in 2024, with December setting a new high at $5.5 billion.
Utah households spent more on taxable retail goods in December 2024 than any preceding month, following general trends of high end-of-year spending. Month-over taxable retail sales increased 19.7% from November to December.
Annual value of construction in Utah declined 1.5% in 2024.
Headwinds in Utah’s construction industry continued to add pressure in 2024, contributing to a 1.5% decrease in the value of construction over the year. The residential component share fell from 54.3% of total value to 50.7% from 2023 to 2024 while the additions and repairs component share grew to 28.2%. 3
Unemployment Rate
Job Change Year-Over Percentage Change December 2024 December 2024
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
December 2024 November 2010 – December 2024
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 December 2024
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
January 2000 - January 2025
Utah Bankruptcy Cases
January 2020 - January 2025
Source: Kem C. Gardner Policy Institute
Source: