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 economy remains strong but moderating. Business leaders will continue to keep a keen eye on inflation and interest rates. Though we face challenges posed by higher mortgage rates, Utah’s median home sales price has remained steady, demonstrating our capacity to weather fluctuating market conditions. These trends further confirm Utah’s economic resiliency.”
Derek Miller, Salt Lake Chamber
“The Utah economy remains resilient, but fragile with the lagged effects of relatively higher interest rates still taking hold. Flashpoints such as housing affordability, inflationary pressures, and interest rates require a watchful eye from business leaders and policymakers heading into the summer months.”
Natalie Gochnour, University of Utah's Kem C. Gardner Policy Institute

Three Essential Insights from the April 2024 Dashboard

Inflation slows in April after March’s uptick.

Inflation slows in April after March’s uptick.

April’s inflation fell to 3.4%, remaining higher than the Federal Reserve’s 2% target rate. This reading is welcome news after a 3.5% year-over inflation rate in March. The Federal Reserve’s interest rate decisions will largely hinge on inflation data in the coming months.

National and Utah employment growth continue moderating.

National and Utah employment growth continue moderating.

Utah’s employment growth ranked 10th highest nationally in April, yet employment growth has slowed relative to recent years. The post-pandemic recovery largely impacted strong gains in the past several years; longer-term trends will determine if this moderation will continue.

Utah’s median home sales price stays relatively flat.

Utah’s median home sales price stays relatively flat.

Higher mortgage rates still contribute to limited supply and overall activity in the housing market. Utah’s median home sales price remains relatively flat in response, although the median sales price experienced marginal increases for three consecutive months through March.