The Salt Lake Chamber, in partnership with the University of Utah’s Kem C. Gardner Policy Institute, has released the July 2025 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.
“Strong job creation and resilient consumer spending are fueling Utah’s economic momentum,” said Derek Miller, president and CEO of the Salt Lake Chamber. “While inflation pressures do add some uncertainty, current trends point toward continued economic strength in the near term. Maintaining flexibility and foresight will help us weather potential headwinds, and we will continue to take proactive steps to address these challenges.”
Three essential insights from the July 2025 Roadmap to Prosperity Dashboard include:
- Utah employment grew 2.3% year-over in June, outpacing the nation’s 1.0% growth. Utah and U.S. employment growth trends began largely diverging in January 2025, with national job growth slowing and Utah’s gains continuing to accelerate. Utah’s growth in June ranks fourth highest nationally.
- Inflation ticks up after falling four consecutive months. After signs of moderating price growth early in the year, inflation rose to 2.7% in June, stoking ongoing concerns of tariff-related price pressures. Inflation trends in coming months will inform interest rate policy and broader economic momentum.
- Taxable sales in Utah have grown nearly 5% year-to-date through May. Utah consumers and visitors continue to spend despite economic uncertainty. Anticipation of tariff-related price increases may have also prompted some consumers to buy ahead of potential price increases.
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.
“Utah’s economy continues to demonstrate strength, as indicated in higher-than-average job growth and increased taxable sales,” said Natalie Gochnour, director of the Kem C. Gardner Policy Institute. “However, consumer sentiment data is mixed, likely influenced by concerns over tariffs and broader economic uncertainty, as is also reflected in the recent slight uptick in inflation. Despite these concerns, Utah’s economic fundamentals remain strong, positioning the state for continued but moderating growth.”
To view the dashboard, click here.
ABOUT THE SALT LAKE CHAMBER
The Salt Lake Chamber is Utah’s largest and longest-serving business association. A statewide chamber of commerce with members in all 29 Utah counties, the Chamber represents the broad interests of the state’s 63,000- plus employers, which employ more than 1.4 million Utahns. This includes thousands of Chamber members and their employees. With roots that date back to 1887, the Chamber stands as the voice of business, supports its members’ success and champions community prosperity.
ABOUT THE KEM C. GARDNER POLICY INSTITUTE
The Kem C. Gardner Policy Institute serves Utah by preparing economic, demographic, and public policy research that helps the state prosper. We are Utah’s demographic experts, leaders in the Utah economy, and specialists in public policy and survey research. We are an honest broker of INFORMED RESEARCH, which guides INFORMED DISCUSSIONS and leads to INFORMED DECISIONS™. For more information, please visit gardner.utah.edu or call 801-587-3717.
