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. CPI inflation increased for the fourth consecutive month, with year-over price increases reaching 3% in January.
January’s year-over inflation sets a new eight-month high, reinforcing concerns that price pressures may persist. Month-over inflation in January reached the highest level since August 2023. With uncertainty remaining high, the Federal Reserve faces added risk as it considers future interest rate decisions.
2
Utah’s median home sales price equaled $500,000 in December, up from $474,000 in December 2023.
While still below the $535,000 monthly peak in May 2022, prices remain high, making it difficult for first-time homebuyers to afford a home. Limited supply continues to keep prices elevated.
Total annual bankruptcy cases filed in Utah increased roughly 13% in 2024.
After falling two consecutive years, total annual bankruptcy cases increased more than 17% in 2023 and another 13% in 2024. Coming off of stimulus years likely contributed to the increase, as well as economic pressures including higher interest rates. 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
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: