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.
Labor markets continue moderating, yet Utah’s remains stronger than most states.
Despite continued moderation in labor markets nationally, Utah’s February employment growth ranked 4th highest among states, while its unemployment rate ranked 11th lowest. Ongoing economic uncertainty continues to weigh on labor markets both in Utah and nationwide. 1
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Utah and U.S. consumers feel more uneasy, with Utah’s sentiment falling 8.0% and U.S. sentiment declining 11.9% in March.
Consumer unease continues to rise, with national consumer sentiment reaching its lowest level since November 2022. Consistent with historical trends, Utahns remained more optimistic, though economic and policy-related uncertainties weigh on confidence both locally and nationwide.
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Utah’s labor force participation rate returns near pre-pandemic levels after rising throughout recent labor market shortages. After rising in response to labor shortages, Utah’s labor force participation rate began declining in 2023 and continued to edge downward throughout 2024 and into 2025. The U.S. labor force participation rate remains below pre-pandemic levels, in part due to aging demographics.
Unemployment Rate
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau
Utah Job Change by Industry Year-Over Percent Change
Job Change Year-Over Percent Change
February 2025 November 2010 – February 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 February 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
Bankruptcy Cases