Roadmap to Prosperity Economic Dashboard | July 2025

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July 2025

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

Utah employment grew 2.3% year-over in June, outpacing the nation’s 1.0% growth.

Utah and U.S. employment growth trends began largely diverging in January 2025, with national job growth slowing and Utah’s gains continuing to accelerate. Utah’s growth in June ranks fourth highest nationally.

Unemployment Rate

2

Inflation ticks up after falling four consecutive months.

After signs of moderating price growth early in the year, inflation rose to 2.7% in June and July, stoking ongoing concerns of tariffrelated price pressures. Inflation trends in coming months will inform interest rate policy and broader economic momentum.

3

Taxable sales in Utah have grown nearly 5% year-to-date through May.

Utah consumers and visitors continue to spend despite economic uncertainty. Anticipation of tariff-related price increases may have also prompted some consumers to buy ahead of potential price increases.

Job Change Year-Over Percentage Change June 2025 June 2025

Source: U.S. Bureau of Labor Statistics

Source: U.S. Bureau of Labor Statistics

Utah Job Change by Industry Year-Over Percent Change

June 2025

Job Change Year-Over Percent Change

November 2010 – June 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

June 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

Utah Bankruptcy Cases

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