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.
“The COVID-19 recession places an uneven impact on people, industries and places. Let’s keep working together to rebuild and restore Utah’s full economic diversity and vibrancy for every Utahn.”
“Utah is leading the country in both health and economic recovery; we must keep working together to ensure we continue to do both!”
“Pandemics do end. I’m confident we will get through this and emerge even stronger.”
Three Essential Insights from the October 2020 Dashboard
While COVID-19 cases rise, the cumulative case-fatality rate declines.
While COVID-19 cases rise, the cumulative case-fatality rate declines.
While both Utah and the U.S. have seen an increase in COVID-19 cases over the past several weeks, the cumulative case-fatality rate continues to fall. Utah has a 0.6% case-fatality rate compared to the U.S. rate of 3%. It will be important to watch in the weeks ahead to see if an increase in deaths follows the surge in cases.
Utah’s unemployment rate increases for the first time since April’s peak.
Utah’s unemployment rate increases for the first time since April’s peak.
Utah’s unemployment rate reached 10% in April 2020 but has declined each month to reach as low as 4.2% in August. September’s unemployment increased to 5.0%, the first increase since April’s peak. Utah’s ranking also fell to 7th in the nation compared to its rank of 2nd in August and 1st in July.
Utah’s job change nears neutral.
Utah’s job change nears neutral.
Utah has been seeing a year-over decline in jobs every month since April’s 7% year-over job loss. September continues to show a decline but of less than 1%. Job growth has continued to improve each month and is nearing neutral. If the rate of improvement continues, Utah should see overall job growth soon!