The Salt Lake Chamber, in partnership with the University of Utah’s Kem C. Gardner Policy Institute, has released the September 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.
“Utah has a powerful and reliable workforce, which serves as a massive benefit to our communities and employers; that impact is showing in stable unemployment indicators,” said Derek Miller, president and CEO of the Salt Lake Chamber. “It’s a challenge to balance hiring amidst price and inflation increases, but Utah’s unemployment rate remains among the lowest in the nation. This is foundational in supporting an optimistic outlook for the state’s economy heading into the fourth quarter.”
Three essential insights from the September 2025 Roadmap to Prosperity Dashboard include:
- Utah’s unemployment rate remains among the lowest in the nation at 3.3%. Despite signs of slower hiring nationally, the Utah unemployment rate remains steady. Utah’s unemployment rate matched its level from one year earlier at 3.3%. The national unemployment rate increased only slightly, rising from 4.2% to 4.3%.
- Prices increases continue to grow moderately, with inflation up 0.6 percentage points since April. Purchasing power remains under pressure, as inflation persists above the 2.0% target. Policy changes and broader economic uncertainty continue to influence price changes, with many forecasts predicting further increases in the months ahead.
- The median home sales price in Utah reached $520k in August. Utah’s monthly median home sales price rose 3.6% year-over in August, while closed sales increased modestly by 1.3% from a year earlier. Supply and demand imbalances, as well as higher borrowing costs, continue to drive housing market trends.
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 remains among the strongest in the nation, supported by steady job growth and one of the lowest unemployment rates,” said Natalie Gochnour, director of the Kem C. Gardner Policy Institute. “While inflation and housing affordability continue to present challenges, key indicators remain in check and reinforce the state’s economic resilience.”
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.
