The Road to Recovery Dashboard tracks Utah’s path to a full and complete economic recovery from the COVID-19 recession. The Dashboard, which is updated monthly, provides essential insights, tracks timely and leading measures, and shares salient indicators since the start of the pandemic.
First Dashboard released: September 2020.
“With Utah surpassing one million vaccine doses we are approaching both a health and economic recovery for our community. With continued perseverance, we can emerge stronger.”
“Utah’s unemployment rate of 3.0% nears pre-pandemic levels, showing Utah’s economic strength. We continue to lead the nation in economic recovery.”
Three Essential Insights from the May 2021 Dashboard
Utah’s unemployment rate drops below 3.0%.
Utah’s unemployment rate drops below 3.0%.
For the first time since the pandemic began, Utah’s unemployment rate dropped below 3.0%. Utah’s March unemployment rate of 2.9% is the lowest in the nation, tied with several other states. This marks the seventh consecutive month of decline.
Utah sees year-over job growth.
Utah sees year-over job growth.
Utah sees slight job growth of 0.9%. Moving forward, year-over job growth will be compared to early-pandemic months with large job losses. Job growth will likely be high as it is compared to these months with large losses.
Consumer confidence continues to rise.
Consumer confidence continues to rise.
Utah’s March consumer confidence of 96.4 is the highest since the measure’s inception in October 2020. Utah’s consumer confidence exceeds the nation’s (84.9) by more than ten points.