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.

First Dashboard released: September 2020.

“Utah’s resilient economy remains strong, anchored by low unemployment, record visitation, and a strong labor market. While declining consumer sentiment is concerning, the caveat is that it’s only one month of data, and a prudent course for decision-makers is to keep a steady eye on the data and see if long-term trends develop.”
Natalie Gochnour, University of Utah's Kem C. Gardner Policy Institute
“At the end of this first quarter, we see Utah’s economy continuing to advance. Our particularly strong labor market allows Utah’s unemployment rate to remain low and increased capacity offered at the airport enables more individuals to travel to and from Utah, driving our economy upward.”
Derek Miller, Salt Lake Chamber

Three Essential Insights from the March 2024 Dashboard

Utah’s unemployment rate remains low.

Utah’s unemployment rate remains low.

Although up from an all-time low in early 2022, Utah’s unemployment rate remains low at 2.8%. A strong labor market continues to buoy Utah’s employment growth and keep unemployment low.

Utah’s consumer sentiment dips below national sentiment.

Utah’s consumer sentiment dips below national sentiment.

Utah’s consumer sentiment fell to 78.0, and national sentiment increased to 79.4. While this represents the first time Utah ranked lower than the nation by this measure since Utah’s consumer sentiment survey first began in 2020, the difference between both values is not statistically significant.

Salt Lake City International Airport passengers increased 7.0% year to date.

Salt Lake City International Airport passengers increased 7.0% year to date.

During the first two months of 2023, airport passengers totaled 4.1 million. Yet in the first two months of 2024, airport passengers reached 4.4 million, a 7.0% increase. Increased capacity allows more passengers to fly in and out.