Roadmap to Prosperity Dashboard

The Salt Lake Chamber, in partnership with the University of Utah’s Kem C. Gardner Policy Institute, releases the Roadmap to Prosperity Economic Dashboard to inform business leaders’ understanding of Utah’s economy. This tool prioritizes key data on the state’s economic outlook and actionable context for decision-makers.

The Dashboard is updated monthly, providing essential insights, tracking timely and leading measures, and sharing pertinent indicators. This provides leaders with critical and timely information to make informed decisions. 

First Dashboard released: September 2020.

“As economic uncertainty continues, Utah’s labor markets are responding to the pressure with strength. Even with steep declines in both Utah and U.S. consumer sentiment, employment growth in Utah demonstrates our resiliency and ability to adapt to shifting economic conditions. Moving forward, we can prepare for additional changes and unease by remaining attentive to repercussions of applicable policies and seeking ways to continually innovate and promote growth.”

Derek Miller, President & CEO, Salt Lake Chamber

“While Utah’s labor market continues to demonstrate resilience, ranking among the top states for employment growth, there are signs of moderation and consumer unease. Utah has the strongest economy in the nation and is favorably positioned to weather a slowdown, but decision-makers must remain vigilant in the face of ongoing economic uncertainties and federal policy shifts that weigh on confidence locally and nationwide.”

Natalie Gochnour, University of Utah's Kem C. Gardner Policy Institute

Three Essential Insights from the March 2025 Dashboard

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.

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.

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.