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
Consumer confidence rebounds, but remains below December 2024 levels.
Utah’s consumer sentiment index rose 1.5% (from 81.1 in May to 82.3 in June) while the U.S. consumer sentiment increased 16.3% (from 52.2 in May to 60.7 in June). These remain 9.8% and 18.0% below their respective levels in December 2024, illustrating ongoing concerns related to uncertain U.S. trade policy, elevated inflation expectations, and global geopolitical risks.
Unemployment Rate
2
New construction reaches a post-pandemic high in May.
Construction activity in Utah reached its highest point since March 2020, driven by a new construction build in Lehi by Texas Instruments. Non-residential construction permit value totaled about $850 million in May 2025, more than three times the value in May 2024.
3
Summer travel season begins with solid passenger growth.
Salt Lake International Airport recorded 2,424,843 total passengers in May 2025 – up 9.1% from April and 1.33% higher than the same period over the previous twelve months. This year-over gain signals sustained recovery in travel demand as the summer season takes off.
Job Change Year-Over Percentage Change May 2025 May 2025
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
Utah Job Change by Industry Year-Over Percent Change
May 2025
Job Change Year-Over Percent Change
November 2010 – May 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
May 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 - May 2025
Utah Bankruptcy Cases
January 2020 - May 2025